Korea

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• Woori Finance Holdings mulls $300m commitment to Blackstone 07 Sep 2009. Source: AltAssets. Woori Finance Holdings, a South Korean banking and financial services company, is considering a commitment to Blackstone’s sixth global private equity fund, according to reports.

• Ex-CEO of South Korea’s National Pension Service joins Darby Overseas Investments 18 Aug 2009. Source: AltAssets. Former CEO of South Korea’s National Pension Service Ho Shik Kim has joined Darby Overseas Investments, the private equity arm of Franklin Templeton Investments.

• Swiss asset management firm Partners Group to manage secondaries investments for KIC 21 Jul 2009. Source: AltAssets. Partners Group, a Switzerland-based alternative asset manager, has been chosen to look after a private equity secondary mandate by the sovereign wealth fund Korea Investment Corporation (KIC).

• Asia-focused private equity firm MBK Partners closes second fund on $1.6bn 20 Jul 2009. Source: AltAssets. Asia-focused private equity firm MBK Partners has closed its second fund on $1.6bn, according to reports. The fund had an initial target of up to $3bn.

• KKR sells 50 per cent stake in Oriental Brewery 07 Jul 2009. Source: AltAssets. Global buy-out firm Kohlberg Kravis Roberts & Co has sold half of the equity in Oriental Brewery just two months after finalising a $1.8bn takeover deal, according to reports.

• South Korea's sovereign wealth fund to spend extra $1bn on overseas alternative assets 19 Jun 2009. Source: AltAssets. Korea Investment Corporation is set to increase investments in overseas private equity, following the South Korean government’s plans to inject an extra $3bn into the sovereign wealth fund, Reuters reports.

• Korea Development Bank turnaround fund makes first investment 08 Jun 2009. Source: AltAssets. The Korea Development Bank has chosen its first investment from its recently launched turnaround private equity fund. KDB has acquired sewing machine maker Sunstar Precision, according to reports.

• Cooperation deal to increase private equity and infrastructure investment flows between South Korea and MENA region 05 Jun 2009. Source: AltAssets. Abu Dhabi Investment Company, Korea Development Bank (KDB) and the Korea Trade Promotion Agency (KOTRA) have signed a cooperation deal to help increase investment flows between South Korea and the Middle East and North Africa region.

• KKR on the lookout for co-investors in Oriental Brewery 04 Jun 2009. Source: AltAssets. Kohlberg Kravis Roberts & Co is looking to sell a minority stake in Oriental Brewery just weeks after finalising a $1.8bn takeover of the South Korean company, according to reports.

• Vogo Fund to acquire stake of payment processing company 27 May 2009. Source: AltAssets. Vogo Fund, a South Korean buy-out firm, will buy a 31.7 per cent stake of a credit card processing company from two banks, according to reports.

• KKR teams up with Korea Development Bank for potential private equity fund 27 May 2009. Source: AltAssets. Kohlberg Kravis Roberts & Co, the global alternative assets manager, has entered into an investment partnership with the Korea Development Bank, suggesting that the two will set up a private equity fund, according to reports.

• South Korea's National Pension Service to resume international investments 22 May 2009. Source: AltAssets. South Korea's National Pension Service will resume investing overseas next month after suspending foreign investments last year, Reuters reports.

• Korea Development Bank to set up $800m private equity fund 19 May 2009. Source: AltAssets. State-owned Korea Development Bank is to set up a KRW1tr ($800m) private equity fund in order to help troubled South Korean conglomerates compete in the global market, the Korea Times reports.

• KKR affiliate buying South Korean Brewery for $1.8bn 07 May 2009. A subsidiary of Kohlberg Kravis Roberts & Co has finalised a deal to buy Oriental Brewery, South Korea's second largest brewery, from Anheuser-Busch InBev for $1.8bn.

• KKR finalising deal to buy South Korean brewery 05 May 2009. Kohlberg Kravis Roberts & Co is tying up a deal to buy Anheuser-Busch InBev NV's South Korean brewer Oriental Brewery for around $1.8bn, according to a report on Reuters.

• South Korean private equity firm STIC achieves IPO of portfolio company 30 Apr 2009. STIC Investments, a South Korean private equity investment group, has exited its position in Vieworks, a digital fluoroscopic solution company, generating an IRR of 90.1 per cent and a multiple of six times in just over two years.

• South Korean private equity fund receives $20m cornerstone investment from government 30 Mar 2009. STIC Investments, a South Korea-focused private equity firm, has been awarded a $20m anchor investment from the Ministry of Knowledge Economy as part of an economic initiative from the South Korean government.

• Private equity firm C Change Investments and Korea Investments & Securities to manage Korea’s Green Growth Fund 18 Mar 2009. Source: AltAssets. Private equity firm C Change Investments and Korea Investments & Securities has been drafted in to manage Korea’s Green Growth Fund.

• South Korea-focused private equity firm STIC Investments lists portfolio company on Korean Stock Exchange 19 Feb 2009. Source: AltAssets. South Korea-focused private equity firm STIC Investments has exited its portfolio company Medy-Tox Inc. via a public listing on the Korean Stock Exchange.

• 3D social networking company Nurien Software secures $10m 15 Jan 2009. Source: AltAssets. Northern Light Venture Capital, Globespan Capital Partners, New Enterprise Associates and QiMing Venture Partners have invested $10m in 3D social networking provider Nurien Software.

• Darby Infrastructure Fund invests in Korean wind farm Gangwon Wind Power 12 Jan 2009. Source: AltAssets. Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has acquired a 32.4 per cent equity stake in Gangwon Wind Power Co. through its Korea Emerging Infrastructure Fund.

• Court reportedly decides price was not manipulated in KEB sale 25 Nov 2008. Source: AltAssets. A South Korean court has decided that the $1.2bn sale of financial services provider Korea Exchange Bank to US private equity firm Lone Star was legal, according to reports.

• IDG Ventures establishes $100m technology fund for Korea 20 Nov 2007. Source: AltAssets. IDG Ventures, the private equity arm of International Data Group (IDG), has established a $100m fund for investment in Korea. IDG Ventures Korea will target early stage investments in technology and technology-enabled companies operating across various industry sectors including the new media, environment, healthcare, education, content-creation, services and other emerging technology-enabled sectors.