SEOUL, Mar. 7 (Yonhap) — Major South Korean builder Lotte Engineering & Construction Co. (Lotte E&C) said Thursday it has completed the creation of a 2.3 trillion-won (US$1.73 billion) project financing (PF) fund, which will help cut its interest burden from high-interest debt. Five local banks, including KB Kookmin Bank and the state-run Korea Development [...]
SEOUL, June 26 (Korea Bizwire) — South Korea will create a fund worth 300 billion won (US$229.25 million) to ensure the stable value chain of the chip industry by strengthening the logic chip sector and related materials, parts and components firms, the industry ministry said Monday. Samsung Electronics Co. and SK hynix Inc. vowed to [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea plans to create a fund worth 150 trillion won (US$116.9 million) to provide assistance for steelmakers’ transition to a low-emission production structure and to boost competitiveness, the industry ministry said Thursday. Industry Minister Lee Chang-yang and chiefs of the country’s seven major steelmakers, including POSCO Holdings Inc., [...]
SEOUL, Jan. 31 (Korea Bizwire) — Hanwha Solutions Corp., a key energy unit of South Korea’s Hanwha Group, plans to create a fund to expand its domestic renewable energy-related data center development venture. The company announced on Monday that it had signed a memorandum of understanding (MOU) with SKS Credit Co., a local private equity [...]
COPENHAGEN, Denmark, Aug. 31 (Korea Bizwire) — Copenhagen Infrastructure Partners (CIP) has reached final close on its new fund, CI Energy Transition Fund I (CI ETF I). The fund was oversubscribed and closed at the hard cap of EUR 3 billion. This makes CI ETF I the largest dedicated clean hydrogen fund globally. CI ETF [...]
SEOUL, July 7 (Korea Bizwire) — The Korea H2 Business Summit, a hydrogen council established primarily by major companies such as Hyundai Motor, SK and POSCO, on Wednesday set up a fund to promote the hydrogen industry. The fund worth 500 billion won (US$383 million) will be established via investments from domestic member companies and [...]
NEW YORK, Jan. 11 (Korea Bizwire) — Madison Realty Capital (“Madison”) today announced the final close of Madison Realty Capital Debt Fund V LP (“Fund V”), raising $2.08 billion in equity commitments, exceeding the fund’s $1.75 billion target. Fund V received significant support from existing investors as approximately 70% of the institutional LPs in Madison’s [...]
SEOUL, Nov. 10 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Wednesday it will launch a 34 billion-won (US$28.8 million) fund to support promising startups in the digital health care and bio industries. The fund will help the company advance into the digital health care market and seek [...]
Paris, Sept. 20 (Korea Bizwire) – Jeito Capital, a rapidly growing, new, independent Private Equity firm dedicated to biotech and biopharma, today announced the final closing of its first fund, Jeito I, at €534 million ($630 million), exceeding its original target of €500 million. Jeito I is the largest European fund dedicated to supporting companies in [...]
SEOUL, Aug. 24 (Korea Bizwire) — Samsung Asset Management Co., South Korea’s top money manager, said Monday that its Samsung Global Metaverse Fund surpassed the 50 billion won mark in assets under management just two months after being released as the ‘metaverse’ emerging as a central theme for investors in the fund market. The fund, [...]