Articles by Son Ji-hyoung
Son Ji-hyoung
consnow@heraldcorp.com-
[단독] 위워크코리아, 희망퇴직 단행... 한국 사업 불확실성 커져
공유오피스 업체 위워크코리아가 (WeWork Korea) 전 직원을 상대로 희망퇴직 신청을 받았던 것으로 확인돼, 한국 사업 철수 수순에 들어간게 아니냐는 우려가 커지고 있다. 업계 관계자들에 따르면, 위워크코리아는 지난주 희망퇴직 신청을 받기 시작했고, 일부 직원들은 이미 타 공유오피스 업체 등으로 이직을 제안 받거나, 고려 중이라고 전했다. 위워크코리아는 작년에도 본사 차원의 구조조정의 일환으로 한국 지점내 커뮤니티 매니저 인력 감축을 단행했다. 연이은 인력감축이 이어지자, 다른 한 관계자는 “위워크 본사에서 한국에서 철수하고 싶어하는 의지가 있는 것으로 파악된다”면서, 철수를 원하는 본사와 적자인 지점들을 정리하면서 사업을 유지할려는 위워크코리아간의 마찰이 있다고 말했다. 이에 위워크코리아 측은 “전혀 사실이 아니다”라고 부인하면서도, 희망퇴직 신청에 대해선 “공식 입장은 없다”고 밝혔다.
한국어판 June 12, 2020
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[Exclusive] WeWork Korea offers voluntary retirement to employees
Shared working space operator WeWork’s Korean subsidiary has offered its employees a voluntary retirement last week as part of its restructuring plan, sources with knowledge about the matter told The Korea Herald on Thursday. “The voluntary retirement scheme was offered to the entire staff last week,” said a source on condition of anonymity. The scheme is in line with WeWork headquarters’ bid “to shut down the Korean operations,” another source told The Kor
Market June 11, 2020
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Asset management firms’ profits halve in Q1
South Korea’s asset management companies’ combined net profit has shrunk by over half on-year in the first quarter, data showed Thursday. The net income of 300 AMCs here came to 116.4 billion won ($97.32 million) during the January-March period, down 52.3 percent from the previous year, according to data by the Financial Supervisory Service. The volume fell 11.4 percent on-quarter. Their return on equity -- a key measure of financial performance -- stood at 6.1 percent in the firs
Market June 11, 2020
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Samsung Asset creates feeder fund to invest in Man AHL’s signature fund
Samsung Asset Management said Wednesday it has launched a fund to pool South Korean retail investor’s money into a signature fund by London-based quantitative hedge fund manager Man AHL. By investing in Man AHL’s TargetRisk fund, the Korean feeder fund is expected to offer capital growth through a long-only exposure, under which the fund manager takes advantage of profit opportunities by betting solely on undervalued assets. The Korean feeder fund, dubbed Samsung MAN Investment Ba
Market June 10, 2020
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Over 310,000 students benefit from Mirae Asset founder’s donation
Mirae Asset Financial Group founder Park Hyeon-joo has backed a total of 315,119 students over two decades as Park donated his dividend income, the group said Monday. The fund was offered through Mirae Asset Park Hyeon-joo Foundation, established in 2000. The donations went to scholarships to over 9,000 college students, or roughly 700 students each year since 2007. Of the total, some 60 percent of students participated in exchange student programs, for which the Mirae Asset Park Hyeon-joo
Market June 8, 2020
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Shinhan BNP Paribas draws W520b to support domestic solar projects
Shinhan BNP Paribas said Sunday it has clinched a combined 520 billion won ($430.1 million) commitment to create a fund to support small firms dedicated to 280-megawatt solar energy projects across South Korea. The Seoul-based asset management firm’s deal comes amid growing new and renewable energy momentum buttressed by the nation’s recent environment initiative, called “green new deal,” aimed at investing in environmentally-friendly energy businesses and creating jobs
Market June 7, 2020
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Global X launches actively-managed emerging markets bond ETF
New York-based provider of exchange-traded funds Global X ETFs has launched an emerging markets bond ETF in its first actively managed strategy, its parent Mirae Asset Global Investments said Thursday. The product, dubbed Global X Emerging Markets Bond ETF, is listed on the New York Stock Exchange. It will target US dollar-denominated securities including fixed-rate and floating-rate debt instruments issued by sovereign, quasi-sovereign, and corporate entities from emerging market countries. T
Market June 4, 2020
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Ardian vows more Asian investments as historic secondary fund closes
France-based international private investment house Ardian said Wednesday it seeks to accelerate its push for more secondary investments in Asia, as the company has reached a historic-high $19 billion commitments to its new secondary fund from global investors. Secondary investment refers to a purchase of existing private assets and is considered a source of liquidity for institutional investors. The latest fundraising is expected to underpin Ardian’s position as a lead secondary investo
Market June 3, 2020
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Mirae Asset Global Investments seeks 1st REITs IPO in Q3
South Korea’s investment firm Mirae Asset Global Investments said Wednesday it is eyeing its first initial public offering for its real estate investment trust followed by a listing on the nation’s main bourse Kospi. The REIT is designed to invest in a commercial space of the commercial-residential complex dubbed Gwanggyo Central Prugio City. The real estate asset is located in a planned city of Gwanggyo in Gyeonggi Province, located some 25 kilometers south of Seoul. The REIT is e
Market June 3, 2020
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Social casino gaming firm DoubleDown Interactive eyes $100m US IPO
South Korean social casino game developer and publisher DoubleDown Interactive is seeking to get listed on the tech-heavy Nasdaq bourse in the United States, according to its prospectus Wednesday. For its initial public offering, the Seoul-based company plans to issue 400,000 new common shares. Also up for subscriptions will be 360,000 existing shares, or 19.4 percent stake as of current, owned by STIC Investment. DoubleDown Interactive said the book building process to confirm the offered pri
Market June 3, 2020
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Shinhan BNP Paribas manages alternative portfolio for NHIS
Seoul-based Shinhan BNP Paribas Asset Management said Tuesday it has started to work as a fund manager for the National Health Insurance Service’s 1.4 trillion won ($1.14 billion) alternative investment for four years. Shinhan BNP Paribas is one of the two lead fund managers, along with fellow Seoul-based investment house KB Asset Management. The two partners, selected in late April, will manage 700 billion won of assets each and choose more external partners to join their funds of
Market June 2, 2020
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WeWork names real estate expert as Asia-Pacific director
Real estate expert Samit Chopra was named managing director of WeWork Pacific, it announced Tuesday. Chopra is tasked with overseeing markets of the space-as-a-service platform, including Australia, Indonesia, Malaysia, South Korea, the Philippines, Singapore, Thailand and Vietnam. Based in Singapore, Chopra will be responsible for WeWork Pacific’s profit and loss management, go-to-market strategy, sales leadership, growth and innovation and talent development, according to WeWork.
Market June 2, 2020
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Hanwha Asset bets on e-commerce, data, health care stocks amid coronavirus
Seoul-based Hanwha Asset Management said Tuesday it is betting on new growth opportunities of companies dedicated to e-commerce, data infrastructure and health care by creating a fund investing in such stocks at home and abroad. The strategy comes amid consumer concerns about face-to-face contact amid the worldwide coronavirus outbreak, which rather translates into higher demand for companies in such sectors, company officials said. The demand stems from changes in people’s lifestyle,
Market June 2, 2020
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Laundry service startup Laundrygo snaps up W17b
South Korea’s same-day laundry service startup Laundrygo said Tuesday it had raised a 17 billion won ($13.9 million) series B round funding from multiple venture capital houses, amid growing demand for daily life services offered without physical contact in the pandemic era. New investors in the latest round include Korea Investment Partners, Aju IB Investment, KT Investment, Samsung Venture Investment, DS Asset Management. Existing investors Altos Ventures and Hana Ventures also joined
Market June 2, 2020
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KB Asset launches AI-powered fund to invest in global ETFs
Seoul-based KB Asset Management said Monday it has launched an open-ended fund that invests in exchange-traded funds at home and abroad, powered by its own artificial neural network for automated portfolio allocation. The new ETF managed portfolio fund, dubbed KB All Asset AI Solution Fund, will target various ETFs -- or a basket of securities -- that each track asset classes such as stocks, bonds, loans, real estate investment trusts and commodities. Its portfolio will be automatically rebal
Market June 1, 2020
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