Hanwha develops cutting-edge stealth paint for next-generation warships
Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...
S.Korea’s KF-21, Lockheed's F-16 shortlisted for Philippine fighter jet deal
South Korea’s homegrown fighter jet KF-21 is competing against US defense firm Lockheed Martin Corp.’s F-16 for the Philippine governmen...
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...
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...
South Korean brokerages woo super-rich to make them even richer
South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, have largely built their wealth through hard work, savings and ...
KB Securities sees wealth management assets surpass $43.6 bn
South Korea's KB Securities announced on Wednesday that its wealth management assets surpassed 60 trillion won ($43.6 billion) this month.This is fi...
Hana Bank launches All-care Solution for Real Estate Wealth
South Korea's Hana Bank announced on Tuesday that it launched the premium real estate wealth management service Hana Real Estate All-care Solution i...
Big Tech engineers rush to Korea’s AI chip startups as potential looms
Big Tech engineers are flocking to South Korea’s promising startups specializing in artificial intelligence chips, a fast-growing sector in th...
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...
S.Korea to buy more F-35As, but picks Embraer C-390s for transport
South Korea has chosen the F-35A by US-based Lockheed Martin Aeronautics as its stealth aircraft and Brazil-headquartered aerospace company Embraer&...
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...
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...
BOK chief says aging without assets key challenge to S.Koreans
JEJU -- South Korea’s central bank chief on Friday warned of the growing risk of aging without assets in Asia’s fourth-largest economy a...
Samsung Electronics creates $216 bn social wealth in 2022
Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to ot...
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 ...
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...
Samsung Display to supply OLED panels for MSI gaming laptops
South Korea's Samsung Display announced on Wednesday that it will supply the industry-leading UHD+ (ultra-high-definition plus) OLED (organic ligh...
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...
LG Group Chairman Koo Kwang-mo sued over inheritance in family feud
Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, has been sued over the distribution of inherited wealth, including a s...
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...
Korean Air, KIMS jointly develop stealth aircraft materials and parts
Korean Air and The Korea Institute of Materials Science (KIMS) have agreed to cooperate in developing aircraft materials and parts technology togeth...
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...
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 ...
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...
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...
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...
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...
Boryung takes 'health is wealth' to whole new level – space
South Korean biotech and pharmaceutical companies are expanding their footholds in the global space medicine market. Boryung, formerly Boryung Pharm...
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-...
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...
