Page 4 - Jun Ho Cha News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Courtesy　of　TaylorMade　Golf South Korea's lesser-known private equity firm Centroid Investment Partners has acquired US sports equipment manufacturing firm TaylorMade Golf Co. for 1.8 trillion won ($1.7 billion), marking the largest-ever acquisition in the golf goods industry. The cross-border transaction became the six-year-old PEF's first deal in the billion dollar range, beating four other unidentified shortlisted candidates, including a global strategic buyer, according to investment banking sources on May 11. Centroid Investment has signed a share purchase agreement with the US-bas...

 Lee　Do-yoon　had　served　as　CIO　of　the　Police　Mutual　Aid　Association　between　2016　and　2020 Lee Do-yoon, a former chief investment officer of South Korea's Police Mutual Aid Association (PMAA), has been named as CIO of the Yellow Umbrella Mutual Aid Fund, a $13 billion savings arm of Korean small business owners. He was among the three shortlisted candidates for the new post, including an unidentified domestic savings fund CIO, to replace Jeong Du-Yeong who is retiring at the end of this month after a two-year term. Previously, Jeong had worked as CIO of Korea Sci...

Hyundai　Rotem's　commuter　train　shipped　to　Taiwan The Hyundai Motor Group is in the final stages of talks to sell the loss-making rolling stock division of Hyundai Rotem Co. to Germany's Siemens AG which is seeking to gain a foothold in Asia. Both Hyundai and Siemens had entered negotiations early last year on the rolling stock business carve-out, but have yet to fine-tune the terms and details, according to investment banking sources on Apr. 20. Hyundai Motor is the top shareholder of Rotem with a 33.8% stake valued at around 1 trillion won ($900 million), including a management ...

Individual　investors　protesting　at　the　entrace　of　the　National　Pension　Service's　headquarters　in　Jeonju　on　Mar.　4 The National Pension Service has bowed to pressure from retail investors to raise the upper limit for domestic stock purchases, after it was blamed for leading South Korean pension funds' net selling of 15.5 trillion won ($14 billion) on the main bourse since the beginning of the year. The NPS' top decision-making committee passed a proposed readjustment of its asset allocation weighting on Apr. 9 to increase the upper ceiling of domestic stock hold...

Jun-ho Cha 6 HOURS AGO ENG The Korean Teachers' Credit Union (KTCU) achieved its highest investment return in 11 years of 10% in 2020, led by substantial gains from domestic equities and from the divestment of Ellie Mae Inc., a US cloud-based platform provider. Last year's return marks its strongest annual result since 2009, amounting to 3.3 trillion won ($2.9 billion) in investment gains for the whole year of 2020, the South Korean retirement fund said on Apr. 2. Domestic equities returned almost 40%, far outstripping the 6.3% from alternative assets. Domestic and overseas stock p...