Public Officials Benefit Association. POBA
Scope
Date
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Metaverse
Samsung joins 200 other firms in Korea’s metaverse alliance
Samsung Electronics Co. has onboarded South Korea’s government-led metaverse alliance in a move to strengthen partnership in virtual reality (...
Aug 03, 2021 (Gmt+09:00)
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Alternative investments
POBA commits $150 mn to Brookfield secondaries fund
South Korea's Public Officials Benefit Association (POBA) has ventured into the real estate secondaries market, committing $150 million to Brookfiel...
Jul 28, 2021 (Gmt+09:00)
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Hydrogen economy
California to deploy 30 Hyundai hydrogen trucks for public projects
Hyundai Motor Co.’s XCIENT hydrogen fuel cell trucks will be running the roads of California as part of two publicly funded projects to improv...
Jul 27, 2021 (Gmt+09:00)
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Advertising & Marketing
Hyundai-sponsored archers reign supreme with 9th-straight gold in Tokyo
Chung Euisun, Hyundai Motor Group Chairman and chair of the Korea Archery Association (KAA), was captured on TV July 25, watching the women’s ...
Jul 26, 2021 (Gmt+09:00)
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Biotech
IMB Dx eyes platform to detect stage 1 cancer with single draw of blood
IMB Dx Inc., a South Korean biotechnology startup focusing on diagnostic devices, plans to develop a platform that can detect early-stage cancer wit...
Jul 22, 2021 (Gmt+09:00)
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Airlines
Korean LCCs continue to face worst market conditions in 2021
Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...
Jul 22, 2021 (Gmt+09:00)
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Pension funds
GCM Grosvenor wins POBA's $300 mn infra SMA mandate
South Korea's Public Officials Benefit Association (POBA) has recently picked GCM Grosvenor, a US alternative investor, as its new separate account ...
Jul 19, 2021 (Gmt+09:00)
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Korean startups
Ex-TMON CEO launches e-commerce startup; raises over $17 mn in seed round
South Korea-based e-commerce startup RXC has secured around 20 billion won ($17.5 million) in a seed round -- an impressive and rare amount consider...
Jul 19, 2021 (Gmt+09:00)
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Hydrogen economy
Korea forms ambitious public-private green ammonia alliance
South Korea has taken a major step forward in building the hydrogen economy by forming an extensive green ammonia alliance involving 13 private firm...
Jul 16, 2021 (Gmt+09:00)
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Waste management
The power of rubbish: Korean firms make big money from garbage
There is money to be made in garbage. Such is the growing consensus among investors as well as waste treatment companies amid tighter environmental ...
Jul 15, 2021 (Gmt+09:00)
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Pension funds
NPS to speed up under $100 mn alternative investments
The National Pension Service (NPS) has revised internal regulations to authorize its working-level officials to proceed with deals worth less than $...
Jul 14, 2021 (Gmt+09:00)
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LG Group joins investment in EV battery startup SES
South Korea’s LG Group invested in an electric vehicle battery startup SES Holdings Pte (SES) in a bid to secure future growth business.LG Tec...
Jul 14, 2021 (Gmt+09:00)
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Real estate
POBA likely to invest €100 mn in Dutch lab developer
South Korea's Public Officials Benefit Association (POBA) has decided to invest around €100 million ($120 million) in Kadans Science Partner, a...
Jul 13, 2021 (Gmt+09:00)
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Electric vehicles
Global EV race kicks off with key players investing $168 bn
The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...
Jul 11, 2021 (Gmt+09:00)
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Private equity
STIC to cash in on Aug IPOs following HYBE block sale
South Korea's private equity firm STIC Investments Inc. is tipped to be one of the main beneficiaries of upcoming initial public offerings in the co...
Jul 07, 2021 (Gmt+09:00)
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IPOs
Kakao Pay eyes August listing, seeks to raise near $2 bn
South Korea-based Kakao Pay Corp. is set to make a trading debut on the country's main bourse next month -- just a week after its sister company Kak...
Jul 02, 2021 (Gmt+09:00)
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COVID-19
COVID-19 blues? Pandemic makes SD Biosensor Korea’s top-grossing bio firm
Multinational biopharmaceutical companies have dominated the world’s diagnostics market for years. However, the coronavirus pandemic, which st...
Jul 01, 2021 (Gmt+09:00)
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Alternative investments
POBA CIO advises against traditional asset mix, definition
Rapid technological change that is blurring the lines between industries has altered the definition of asset classes, forcing investment managers to...
Jun 30, 2021 (Gmt+09:00)
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IPOs
KakaoBank’s $2.3 bn IPO set to alter Korea’s banking landscape
KakaoBank Corp., the mobile banking unit of online messaging app giant Kakao Corp., is looking to raise as much as 2.55 trillion won ($2.26 billion)...
Jun 28, 2021 (Gmt+09:00)
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Markets
Bain report renews debate on alternative trading system in Korea
With South Korea’s stock markets maintaining bullish momentum this year, debate about setting up an alternative trading system (ATS) in the co...
Jun 28, 2021 (Gmt+09:00)
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IPOs
Mobile game developer Netmarble Neo kicks off IPO process
Following in the footsteps of its bigger rival Krafton Inc., South Korean mobile game developer Netmarble Neo has kicked off its initial public offe...
Jun 27, 2021 (Gmt+09:00)
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Artificial intelligence
POBA eyes life science buildings, student housing in Europe via SMA
South Korea's Public Officials Benefit Association (POBA) is targeting life science buildings, last-mile distribution centers and student housing fa...
Jun 22, 2021 (Gmt+09:00)
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Artificial intelligence
POBA commits over $200 mn to Europe-focused real estate SMA
South Korea's Public Officials Benefit Association (POBA) has committed 270 billion won ($240 million) to a separately managed account (SMA) focusin...
Jun 15, 2021 (Gmt+09:00)
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Insurance
Kakao enters insurance sector for synergy with its online platforms
Kakao Corp.’s ambition to become an insurer is gradually becoming a reality. The platform giant’s application to start an insurance busi...
Jun 11, 2021 (Gmt+09:00)
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IPOs
Blackstone-invested handbag maker Simone applies for IPO review
South Korea’s luxury handbag maker Simone Acc. Collection Ltd., 30% owned by US private equity firm Blackstone, has kicked off a process to li...
Jun 11, 2021 (Gmt+09:00)
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ASK 2021 Interview
Goldman Sachs zeros in on midmarket, ESG infrastructure deals
Goldman Sachs Asset Management focuses on middle-market, value-add strategy for infrastructure deals, targeting the sectors undergoing a digital tra...
Jun 03, 2021 (Gmt+09:00)
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Healthcare
National health insurance to cover dental startup AIOBIO’s QLF device
AIOBIO’s dental diagnostic devices will be covered by South Korea’s national health insurance from June 1. AIOBIO is the country’s...
May 31, 2021 (Gmt+09:00)
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Korean food
Hahn & Co. acquires controlling stake in Namyang Dairy Products
South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...
May 27, 2021 (Gmt+09:00)
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ASK 2021 Interview
Long-term transformation in public markets: ValueAct
On May 12th ValueAct Partner, CEO, and Chief Investment Officer G. Mason Morfit appeared at the ASK Global Conference 2021 hosted by The Korea Econo...
May 27, 2021 (Gmt+09:00)
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Carbon neutrality
In the crosswinds of coal’s clean transition
The recent announcement by President Moon Jae-in that South Korea will stop funding coal-powered plants overseas and expand its decision to phase out ...
May 26, 2021 (Gmt+09:00)