South Korea Loosens Grip on ICOs
Initial coin offerings (ICOs) will not be banned in South Korea after all, according to a recent decision by the central government. Although the market will still be governed by strict regulations, institutional players will have the opportunity to invest in the burgeoning market.
July People Moves: 6 Chief Investment Officers Rise, Resign And Retire
Five pensions and an endowment saw chief investment officers resign or retire. Two key partners at asset management firms resigned due to claims of inappropriate conduct. A former advisor to President Donald Trump returned to private equity consulting. Here are the top people moves in July:
Tencent imposes daily gaming limits to curb addiction among minors
Tencent announced this week that it will limit the amount of time children can play the role-playing mobile game Honor of Kings , amid concerns that some kids were becoming addicted....
Chinese Investors Boost Danish Crypto Exchange's Blockchain Projects
Danish-headquartered decentralized exchange OpenLedger has received seed funding from a group of Chinese, American and European investors after a recent tour of blockchain and cryptocurrency events in the U.S., China and South Korea designed partly to sound out and attract potential crypto investors.
South Korean 'Steve Jobs' Charts Unlikely Path
The man behind South Korea’s biggest initial public offering in seven years has charted an unlikely path in a country dominated by family-run conglomerates.
Japan’s Tasaki Management, MBK Partners To Buy Out Firm For $283M
<p>Management of Japan’s pearl retailer Tasaki & Co will buy out the company with private equity firm MBK Partners for 3,1.5 billion yen ($283 million), Tasaki said on Friday.</p>
<p>MBK Partners, a private equity firm targeting assets in Japan, South Korea and China, will buy all of Tasaki’s shares, except treasury stock, for 2,205 yen per share through a tender offer on Monday, Tasaki said.</p>
Korea Electric Eyes Toshiba's Stake In UK Nuclear Venture
Korea Electric Power is keen to buy a stake in a U.K. nuclear venture from Toshiba, President Cho Hwan-eik said Wednesday, as the Japanese company pares its overseas nuclear business.
South Korea Invests In Infrastructure, Electricity Projects
At the Indonesia-Korea Business Summit, the BKPM and the Korea Trade Investment Agency (KOTRA) signed a MoU as a way to promote investments.
Goodwater Capital Leads $48M Series C Investment in Fintech Startup
PayPal has joined a 55 billion won ($48 million) investment by Silicon Valley venture capital firms in South Korean fintech startup Viva Republica, the world's fastest-growing payments company by transaction volume. The deal marks the U.S. payment company's first fintech investment in the East Asian country, home to a $1 trillion consumer loan industry and one of the world's most active mobile banking markets.
South Koreans Surge Into Real Estate Debt
South Korea is experiencing a surge of interest in real estate debt as the country continues another record year in outbound real estate investment. Real Capital Analytics (RCA) has revealed that net acquisitions by South Korean investors was likely to have hit US$4.6 billion last year, with additional real estate transactions worth US$2.5 billion finalised when 2016 wrapped up. And 88 percent of South Korean investors are already planning to invest in real estate debt in the next 12 to 18 months according to a recent survey done by ANREV as bond yields remain compressed. “As governments around the world...