sovereign

Foreign exchange S.Korea plans $1.2 bn forex bond issue after presidential election

South Korea plans to issue up to $1.2 billion in foreign exchange stabilization bonds as early as June, in what would mark the new administration&rs...

Leadership & Management Naver to build sovereign AI, says founder Lee after return

South Korea’s No. 1 internet portal operator Naver Corp. will build strong sovereign artificial intelligence to fight the growing dominance of...

Sovereign wealth funds S.Korea’s sovereign fund KIC logs 8.5% return in 2024

The Korea Investment Corporation (KIC) reported an annual return of 8.49% last year thanks to steady gains from equity investments led by the AI tec...

Business & Politics South Korea’s sovereign credit rating stable: S&P, Moody's, Fitch

South Korea’s sovereign ratings remain stable despite the political turmoil caused by the short-lived martial law declaration of President Yoo...

Economy S&P downplays martial law impact on S.Korean economy

Global credit rating agency Standard & Poor's (S&P) said on Thursday "the introduction and swift revocation of martial law in South Korea ...

Sovereign wealth funds Sovereign wealth fund KIC shortlists three CEO candidates

South Korean sovereign wealth fund Korea Investment Corporation (KIC) has shortlisted three candidates as the next chief executive officer, who will...

Real estate GIC taps its real estate expert Jasmine Loo as new Korea head

Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund with around $770 billion in assets under management, has t...

Tech, Media & Telecom AhnLab to form joint venture with Saudi SITE

AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...

Sovereign wealth funds KIC recoups 40% of 2022’s loss on stock, bond gains

Korea Investment Corp. (KIC) posted a 7.12% return on total asset investments in the first eight months of this year, recouping about 40% of last ye...

Tech, Media & Telecom Naver to launch global version of Whale browser in Q1 2024

Naver Cloud, the infrastructure subsidiary of South Korea’s online giant Naver Corp., plans to launch a global version of its Whale browser in...

Business & Politics S.Korea to pour $26 bn in UK’s renewables, infrastructure

South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...

Sovereign wealth funds KIC's private equity senior director Ahn to move to Mubadala

Korea Investment Corporation (KIC)’s senior director for private equity is set to move to Mubadala Investment Co., a sovereign investor based ...

Korean Investors Korea's sovereign wealth fund directly exercises voting rights for first time

Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, has begun actively exercising its voting rights in invested companies.Ac...

Business & Politics UAE state funds gear up for $30 bn S.Korean investment

Senior officials of the Abu Dhabi Investment Authority (ADIA) and other major sovereign funds of the United Arab Emirates (UAE) met with executives ...

Sovereign wealth funds S.Korean sovereign wealth fund KIC to set up Mumbai office

Sovereign wealth fund Korea Investment Corporation (KIC) has kicked off procedures to open a Mumbai-based office later this year, The Korea Economic...

Sovereign wealth funds S.Korea's KIC to strengthen responsible investments

Korea Investment Corporation (KIC) plans to actively voice its opinions on portfolio companies' management over the next two years to tighten its re...

Sovereign wealth funds Korean sovereign wealth fund KIC logs record loss in 2022

Sovereign wealth fund Korea Investment Corporation (KIC) posted the largest annual loss last year since its inception in 2005, according to its 20...

Business & Politics UAE’s sovereign funds to invest $30 billion in South Korea

ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hy...

Sovereign wealth funds KIC buys stake in US credit asset manager Golub Capital

Korea Investment Corporation (KIC) has made its first direct investment in an asset management firm, the South Korean sovereign wealth fund said on ...

ASK 2022 KIC to focus on tech ventures, private debt, infrastructure

Korea Investment Corporation (KIC) will continue to look for opportunities in private debt and venture capital investment with mid- to long-term gro...

Aerospace & Defense S.Korean LIG Nex1 to develop jammers against drones from the North

South Korea’s major defense maker LIG Nex1 Co. plans to develop drone jammers that can force small unmanned aerial vehicles (UAVs) to go off c...

Sovereign wealth funds KIC taps investment strategy head Lee Hoon as CIO

Korea Investment Corporation (KIC) is set to appoint Lee Hoon, the senior managing director and head of the investment strategy & innovation d...

Mergers & Acquisitions Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C

Dubai’s sovereign wealth fund is discussing the sale of Ssangyong Engineering & Construction Co. to a South Korean textile business group....

Waste management SK Ecoplant to invest $80 mn in Malaysia for SE Asia biz

South Korea’s top waste management company SK Ecoplant Co. is set to expand its business in Southeast Asia with an $80 million investment in M...

Sovereign wealth funds Yoon admin to expand KIC's fund management base

South Korea's new president Yoon Suk-yeol, who took office on Tuesday, is set to push the expansion of sovereign wealth fund Korea Investment Corpor...

Korean games Saudi sovereign wealth fund buys $700 mn stake in NCSoft

Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in South Korea's leading gaming company NCSoft Corp. to become its fourth-...

Korean games Saudi sovereign wealth fund buys 5% stake in Nexon

  Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has bought a 5% stake in online game developer Nexon Co., the gaming...

Construction Dubai sovereign fund injects $52 mn in debt-laden Ssangyong E&C

Ssangyong Engineering & Construction Co. has raised 62.1 billion won ($51.6 million) in a rights issue from its largest shareholder Investment C...

Sovereign wealth funds KIC eyes tech, healthcare, telecoms via PE and VC

Korea Investment Corporation (KIC) aims to increase alternative investment to 25% of its total investment by 2025 as well as rank among the world's ...

Economy Korea lawmakers approve record $515 bn budget for 2022

South Korea’s parliament on Dec. 3 approved a record $515 billion spending for 2022 to support a recovery in Asia’s fourth-largest econo...