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Funders Join Forces to Advance a Global Economy That Works for People and the Planet

Funders Join Forces to Advance a Global Economy That Works for People and the Planet

New York, NY, June 29 (Korea Bizwire) — A new fund to advance fair global economic responses to COVID-19 launched today. The Response and Vision Fund, an initiative of a newly formed donor collaborative – Funders Organized for Rights in the Global Economy (FORGE) - seeks to build the power of workers and communities, strengthen accountability, and advance [...]

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]

SK Joins Hands with Chinese Investment Firm to Create 1 tln Won Fund

SK Joins Hands with Chinese Investment Firm to Create 1 tln Won Fund

SEOUL, Dec. 3 (Korea Bizwire) – South Korean energy and telecom conglomerate SK Group plans to join hands with  Chinese private equity firm Hillhouse Capital Group to create a mutual fund worth 1 trillion won (US$843 million) for investment in the Chinese food industry. SK China, SK’s Chinese unit, held a board meeting recently and passed [...]

Algo Capital Announces $100 Million Blockchain Fund to Invest in Promising Companies Built on Algorand Platform

Algo Capital Announces $100 Million Blockchain Fund to Invest in Promising Companies Built on Algorand Platform

Boston, MA, Dec. 11 (Korea Bizwire) — Algo Capital, a blockchain-focused venture capital group, has announced the launch of a $100 million USD fund to invest and manage significant capital in emerging disruptors building on the Algorand decentralized platform over the course of the next decade. The Algorand protocol was designed by MIT professor, cryptography [...]

S. Korea’s Renewable Battery Industry to Create Fund

S. Korea’s Renewable Battery Industry to Create Fund

SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s big-three rechargeable battery makers have agreed to create a fund to jointly develop next-generation battery technologies and foster related industries, the industry ministry said Monday. The companies — LG Chem Inc., Samsung SDI Co. and SK Innovation Co. — signed a memorandum of understanding for joint R&D [...]

Inverse ETFs Top Performers as Stock Market Plunges

Inverse ETFs Top Performers as Stock Market Plunges

SEOUL, Oct. 19 (Korea Bizwire) — With the South Korean stock market experiencing a heavy correction due to the U.S-China trade war and financial instability among emerging states, Inverse Exchange Traded Funds (ETF) are yielding high profits. FnGuide financial information services announced that 45 Inverse ETFs with over 1 billion won in assets yielded average [...]

Cross Ocean Partners Closes its First US Special Situations Fund at $605 Million; Total Capital Commitments Across the Strategy Grow to $885 Million

Cross Ocean Partners Closes its First US Special Situations Fund at $605 Million; Total Capital Commitments Across the Strategy Grow to $885 Million

GREENWICH, Conn., Oct. 9 (Korea Bizwire) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean USSS Fund I (A), its US Special Situations (“USSS”) credit fund, on June 29, 2018.  The fund closed with total aggregate committed capital of c. $605 million, which brings aggregate capital commitments [...]

Cross Ocean Partners Closes its First Aviation Fund at $438 Million

Cross Ocean Partners Closes its First Aviation Fund at $438 Million

GREENWICH, Conn., Oct. 9 (Korea Bizwire) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean Aviation Fund I on August 20, 2018, with total aggregate committed capital of c. $438 million.  The Aviation Fund attracted a diverse investor base which includes private pension plans, insurance companies, endowments, [...]