Minsok Pak

Fukuoka in the eyes of CORE (COnnecting REpositories) Fukuoka's strategic initiatives as a National Strategic Special Zone in Japan aim to foster global startups and job creation. The city has implemented policies such as the "Startup Café" (by Fukuoka Growth Next) and the introduction of a "Startup Visa" to support both local and international entrepreneurs. The "Tenjin Big Bang" project focuses on urban renewal, aiming to increase office space and employment in the Tenjin area. Economic projections estimate a significant annual economic impact from these initiatives. Fukuoka's approach combines infrastructural development with social capital investments, enhancing both economic and community growth. This analysis draws on comprehensive studies and data to present an overview of Fukuoka's transformation into a hub for innovation and business development. 🔗For more details on Fukuoka’s development strategies and their impacts, Tenjin Big Bang: https://lnkd.in/dTrp-7HZ Startup Cafe: https://lnkd.in/dnWfp2uC #Fukuoka #BusinessDevelopment #EconomicGrowth #Innovation #UrbanDevelopment

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2024 is a special year to Temasek and me in many ways. This year, Temasek commemorates its 50th anniversary since its inception in 1974. It officially opened its third European office in Paris earlier in April. I assumed the role of Head of Europe, Middle East & Africa earlier this year. Today is a special day as well. Temasek just released #TemasekReview. Our performance over the long term continues to be resilient. Our Net Portfolio Value has steadily grown over the past 2 decades and across market cycles to €267b. As at 31 March 2024, • Our exposure to the EMEA region has grown almost 5 times since 2011 (in S$ terms), reflecting the opportunities and innovation Temasek sees there. • EMEA constitutes 13% or €33b of Temasek’s net portfolio value. • Temasek invested €3b in EMEA last year, with investments in companies such as Aira, ASML, Element Materials Technology and H2 Green Steel. Looking ahead, Temasek aims to deepen its presence in region, with plans to invest about €14b-€21b in Europe over the next 5 years. We will be focusing on sectors aligned with structural trends such as financial services, sustainability, tech, consumer, and life sciences. Energy transition presents opportunities for infrastructure development across Europe. #Sustainability is integral to Temasek; it is the core of everything that we do, from portfolio to planet and to people. Interesting times are ahead! Read our Temasek Review here: www.temasekreview.com.sg #TemasekReview

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Enjoyed participating in a discussion on mobilizing investment to deliver a net-zero economy at the #JapanEnergySummit. The biggest barrier constricting VC capital flow is the potential for"death-by-pilot" where start-ups fail to secure the necessary funding required to support multiple iteration and scale-up phases often with moving goalposts from customers and partners. Contrary to popular belief, it is often commercial inertia that extends these timelines, not fundamental technology issues. While commercial partners need to manage risk, start-ups need to find partners where the highest levels of management see the vision for future alignment and are not just tinkering. And start-ups need to be able to give confidence to investors by striking early commercial deals with these partners that are subject to performance milestones and show real skin in the game.

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I had an interesting chat with Yuke Xie from the South China Morning Post SCMP recently on the evolving investment strategies of Middle Eastern institutions and family offices.    Traditionally centered on the US and Europe, these investors and institutions are now turning their attention to the dynamic economies of #SoutheastAsia.    Looking forward, I foresee Southeast Asia maturing significantly as an investment hub, driven by its vibrant entrepreneurial ecosystem and fast-growing middle class. I believe Southeast Asia could well become a third pillar of international diversification for Middle Eastern investment, and #healthcare could potentially be a focal point.    Exciting times lie ahead for our SEA team of investment professional & operators, and we are currently raising a Southeast Asia-focused healthcare growth capital fund to capitalize on this growth.   Read more about it in the following link:

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A force for good: #japan's #privateequity opportunity, by McKinsey & Company Holistic #valuecreation is key, it's REVA's raison de'etre. Where so many good companies struggle with the lack of digital and with no means for international growth, a PE firm with internal digital expertise and a wide network of the likes of Sumitomo Corporation is ideally placed to help those companies. I think many of us have seen the IMD World Digital Competitiveness Ranking, where Japan ranks 29th out of 63 countries, (in the ranking for 2022, after 4 consecutive years of decline). "Furthermore, only 34 percent of business leaders in Japan believe their companies are ready to promote digital, compared with 57 percent in Germany and 83 percent in the United States". When it comes to small/medium sized businesses, some CEOs don't realize that sometimes relatively simple software can dramatically improve efficiency. Another reason the #REVA team is so motivated and dedicated to helping businesses improve and further grow!

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🚀 𝐔𝐧𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐊𝐊𝐑’𝐬 𝐈𝐧𝐬𝐢𝐠𝐡𝐭 𝐨𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐜𝐫𝐨 𝐓𝐫𝐞𝐧𝐝𝐬 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟒  🚀 Are you ready to navigate the complexities of the global economy with precision and insight? Dive into KKR’s latest report and uncover the trends that will shape our world. Here are the key takeaways you can’t afford to miss: 𝟏. 𝐖𝐡𝐚𝐭 𝐈𝐬 𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐨𝐫 𝐁𝐞𝐢𝐧𝐠 𝐀𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐝 Discover the major shifts that are redefining our economic landscape. 𝟐. 𝐃𝐢𝐯𝐞𝐫𝐠𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐂𝐨𝐧𝐬𝐞𝐧𝐬𝐮𝐬:  Six bold predictions that challenge conventional wisdom. 𝟑. 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐬𝐬𝐞𝐭 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧:  Learn where to invest and what to avoid. 𝐨 𝐏𝐢𝐜𝐤𝐬 𝐚𝐧𝐝 𝐏𝐚𝐧𝐬 𝐨 𝐁𝐮𝐲𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐞𝐱𝐢𝐭𝐲, 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐒𝐢𝐦𝐩𝐥𝐢𝐜𝐢𝐭𝐲 𝐢𝐧 𝐄𝐪𝐮𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐨 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐁𝐚𝐬𝐞𝐝 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰𝐬 𝟒. 𝐓𝐡𝐞𝐦𝐞𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡: 𝐨 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐨𝐟 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐨 𝐈𝐧𝐭𝐫𝐚-𝐀𝐬𝐢𝐚 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐨 𝐀𝐈 𝐚𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐮𝐩𝐩𝐥𝐲 𝐈𝐧𝐭𝐞𝐫𝐬𝐞𝐜𝐭𝐢𝐨𝐧 𝐨 𝐃𝐞𝐦𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐭𝐨 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝟓. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐬: 𝐨 𝐔.𝐒. 𝐨 𝐄𝐮𝐫𝐨𝐩𝐞 𝐨 𝐂𝐡𝐢𝐧𝐚 𝐨 𝐉𝐚𝐩𝐚𝐧 𝟔. 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐈𝐧𝐬𝐢𝐠𝐡𝐭: 𝐨 𝐒&𝐏 𝟓𝟎𝟎 𝐓𝐫𝐞𝐧𝐝𝐬 𝐨 𝐆𝐥𝐨𝐛𝐚𝐥 𝐚𝐧𝐝 𝐔.𝐒. 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐑𝐚𝐭𝐞𝐬 𝐨 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝟕. 𝐅𝐀𝐐𝐬 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐝: 𝐨 𝐑𝐞𝐥𝐚𝐭𝐢𝐯𝐞 𝐕𝐚𝐥𝐮𝐞 𝐢𝐧 𝐂𝐫𝐞𝐝𝐢𝐭 𝐨 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐓𝐫𝐞𝐧𝐝𝐬 𝐨 𝐔.𝐒. 𝐄𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐨 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭𝐬: 𝐃𝐞𝐛𝐭 𝐯𝐬. 𝐄𝐪𝐮𝐢𝐭𝐢𝐞𝐬 📘 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐩𝐫𝐞𝐩𝐚𝐫𝐞 𝐭𝐨 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝟐𝟎𝟐𝟒 𝐰𝐢𝐭𝐡 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐜𝐥𝐚𝐫𝐢𝐭𝐲. 🔗 [𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐊𝐊𝐑 𝐈𝐧𝐬𝐢𝐠𝐡𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞] If you want the report, just comment "KKR" below! 🙏 A huge thank you to the incredible team behind this amazing report for their hard work and dedication in bringing these insights to us. Henry H. McVey David McNellis Frances Lim Aidan Corcoran Changchun Hua Paula Campbell Roberts Racim Allouani Kristopher Novell Brian Leung Rebecca Ramsey Bola Okunade, CFA Rachel Li Thibaud Monmirel Yifan Zhao Ezra Max Miguel Montoya Asim Ali Patrick Holt Patrycja Koszykowska Koontze Jang Allen Liu #KKR #GlobalTrends #MacroEconomics #InvestmentStrategy #FutureOfFinance #AI #Energy #RetirementSecurity #CapitalMarkets #EmergingMarkets #EconomicForecast #LinkedIn

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I recently came across an article by Nikkei Asia on menopause in Japan and across Asia, which sheds light on some critical issues and I wanted to share some key insights from it. Japan is currently facing challenges with its declining population and the economic participation of women. A significant barrier is the societal discomfort in discussing menopause openly, making this article particularly impactful. It appears that the Japanese government is beginning to recognize the importance of supporting menopausal women. However, the private sector seems less convinced of the necessity to act, or perhaps they are unsure of how to start addressing this issue. This disparity highlights a crucial area where more awareness and proactive measures are needed to support women and improve their participation in the workforce.

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“About every ten years we face some financial crisis or reckoning, during which around 20% of the GPs fail to re-raise another fund” per Bain & Co’s private equity practice. Investors are growing restless, and the increasing pressure to return their capital is creating a critical juncture for many general partners. Distributions, the return of capital to investors, are at their lowest in over a decade. Early data for 2024 suggests a bleak outlook, with the year on track to be the second-worst for exit value since 2016. Private equity's business model depends on a continuous cycle: raising money to make acquisitions, exiting via sales or initial public offerings, and then returning capital to investors. When one part of this cycle stalls, it risks disrupting the entire system. This situation is putting a strain on pension funds, endowments, and other investors, known as limited partners. Cash-strapped, these investors are hesitant to commit to future funds without seeing current returns. And at the SuperReturn conference more general partners attended than limited partners! #privateequity #privatecapital #privatemarkets #pe #vc #growthequity #institutionalinvestor #liquidity #sponsor #limitedpartner #generalpartner #superreturn #distribution #m&a #realization

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Despite recent wage increases, it is evident that the prevailing mood in Japan will not improve as long as the weak yen continues to cause a substantial erosion of purchasing power. The impact of the weak yen has gone beyond just depleting financial resources and has crept into the psychological realm of the Japanese, causing significant unease and insecurity, especially among young people who have not had the opportunity to enjoy themselves. It is imperative to understand that wage increases alone will not restore confidence and optimism in the current economic climate. It is crucial to address the root cause of the issue, the weak yen, through appropriate measures to stabilize the currency. Only then can we hope to see a significant improvement in the economic and psychological well-being of the people of Japan? https://lnkd.in/gXB2gq5C #andrewtanatomisingapore #japan #singapore #japanguru #versatility #authentic #sourcing #JapaneseDesign #comfortablelifestyle #atomiconsultancy #atomioriginal #universitylecturer #businessowner #businessconsultant #陈湧泉老师指导创新创业 #andrewtanatomisingapore2024 #创业者思维 #创业创新 #陈湧泉老师创业思维

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🚀 **Southeast Asia: A Hotspot for FDI in 2024!** 🌏 In 2023, ASEAN countries experienced a surge in FDI inflows, reaching $236 billion, fueled by the diversification trend away from China. Vietnam, a standout performer, attracted investments in technology, renewable energy, healthcare, and real estate. Notably, Vietnam saw a remarkable 38.6% increase in FDI in the first two months of 2024, with significant contributions from Singapore, Hong Kong, Japan, and China. Singapore is bolstering its digital economy and supply chain resilience by implementing measures like the Significant Interest and Review Board (SIRB) to ensure both security and economic growth. Meanwhile, Cambodia is leading FDI growth in the region, benefiting from economic diversification and the Regional Comprehensive Economic Partnership (RCEP). The strategic economic policies and cooperative initiatives in Southeast Asia are making it an appealing destination for US and Western private equity firms seeking sustainable growth opportunities. The region's growth showcases its potential and attractiveness for investors keen on exploring emerging markets. #FDI #SoutheastAsia #PrivateEquity #Vietnam #Singapore #Cambodia #Investment #GlobalEconomy #ChinaPlusOne #DigitalEconomy #RenewableEnergy #RealEstate #EconomicGrowth #ASEAN Read more: [Vietnam's 2024 FDI Landscape: Opportunities, Incentives, and Emerging Trends](https://lnkd.in/e53K8C-m)

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Japan's consumer prices excluding fresh food rose 2.6% last month from a year ago, cooling from February's 2.8% gain. And a deeper measure of inflation that strips out fresh food & energy prices cooled to 2.9%, slipping below 3% for the first time since November 2022. Interestingly even with the slowdown, the pace of inflation has stayed at or above the Bank of Japan's 2% target every month for 2 full years. It seems that in the short-term food prices could be at risk to go up. In June with the expected wage increase for Japanese employees, a development that may spur demand led to price growth & further policy moves by Japan's central bank. Factors that are creating further upside risk for inflation in Japan are the weak Yen (trading near a 34 year low against the Greenback this week), skyrocketing costs for oil & other commodities. Another factor which may spur price pressure is the termination of government utility subsidies. SMEs in the economy are facing adversity from getting imported materials. Japanese consumers have curtailed their spending, whereas Japan's household spending slid for a 12th consecutive month in February. #japan #asia #economics #apac #japaneconomy #macroeconomics

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VIETNAM BUSINESS REVIEW 🔳Finance ministry works with S&P on sovereign credit rating 🔳Younger consumers drive Vietnam's food and beverage industry growth 🔳Efforts intensify to combat e-commerce fraud in Vietnam 🔳Navigating Vietnam's compliance with global minimum tax For more detail↓

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#藥食同源 FoodMed 2024 -Integrating Food and Chinese Medicine @ Hong Kong Baptist University I am honored to join the conference and assist in moderating and hosting a section of the presentation on behalf of Gobi Partners GBA. Please find the details below: Website: https://foodmed.hk/ Integrating Food and Chinese Medicine: Exploring Science, Technology, and Holistic Approaches for Health In our ongoing quest for optimal health, the importance of food as medicine is gaining attention. As we venture into a transformative world of food and Chinese medicine, what opportunities and challenges lie ahead? What hurdles must be overcome to integrate food as medicine into mainstream health practices fully? How do we address issues of regulations, safety, and efficacy? The inaugural FoodMed Conference invites you to actively engage, contribute, and shape the future of food as medicine by participating in pioneering the scientific validation of food as medicine. The FoodMed conference and exhibition in Hong Kong aim to bring together researchers, innovators, experts, practitioners, and regulators in food and Chinese Medicine (CM) to exchange knowledge, discuss advancements, and explore the future of food and CM in healthcare. The conference will cover various topics, including food innovation and safety, clinical applications, market trends, regulatory considerations, education, and other relevant areas about food as medicine or food-medicine homology. The exhibition will showcase the latest innovations in this field. Event Highlights: - Global Landscape: Gain a comprehensive understanding of the current market dynamics and opportunities for food as medicine. - Innovation and Technology: Explore groundbreaking research shaping the future of food as medicine. - Scientific Validation: Discover how modern technologies enhance the efficacy and scientific evidence of the medicinal properties of food. - Standardization and Globalization: Address challenges and opportunities in garnering local and international acceptance for food as medicine. - Regulatory and Safety Considerations: Understand the regulatory frameworks governing the production and marketing of food as medicine. #Healthcare #VC #Venturecapital #gobi #gba #TCM #wellness #preventivehealthcare

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Key Investment Highlights from The Seraphim Space Index Q2 2024 🌌 Let's take a closer look at the key highlights from the latest quarter: 💰 $8.5bn invested in TTM to Q2 2024 👩‍💻 174 deals in Q2 2024 🛰 $2.4bn invested in Q2 2024 🤝 385 deals in Q2 2024 compared to 320 in Q1 2024 🚀 Space Pioneer closed the biggest deal of $208m in Q2 2024 💲 Average deal size is $18m ◾ Median deal size is $5m in Q2 2024 Check out the full Index here - https://lnkd.in/d-vf-mVN

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In southern Vietnam, the United States has established a robust economic presence at the grassroots level, particularly in sectors such as textiles, agriculture, high-tech, and financial services. This deep integration signifies a strong reliance on American business practices and investments, fostering widespread economic benefits across various segments of society. The grassroots nature of these investments ensures that the economic advantages are not confined to the elite but are distributed more evenly among the population, enhancing local development and economic stability. Conversely, in northern Vietnam, recent American investments, both at the firm and government levels, have brought substantial benefits. However, these benefits tend to be concentrated among the elite, limiting their broader impact. Grassroots economic benefits in the north remain limited, as the region's economy exhibits a stronger inclination toward China. Northern Vietnam's economy is notably pro-China, with significant dependence on Chinese goods, materials, and media. This relationship is evident in various sectors, including imports, exports, tourism, construction, real estate, and even media, with platforms like TikTok gaining prominence. Despite high-level symbolic improvements, such as upgrading economic tiers, the state capture nature of the northern economy restricts the spillover benefits to the broader population. This limited distribution of economic gains undermines the development of trust, a crucial factor for sustainable economic growth as highlighted in Dr. Hai Hong Nguyen's article, manifested by a to-be-expected recognition of Vietnam as a "market-economy" by U.S The concept of "Trust" underscores the importance of economic policies and investments that benefit a wide segment of society, fostering a sense of inclusion and stability. However, the current state of northern Vietnam's economy, characterized by its strong ties to China and limited spillover effects, falls short in building this trust. This situation necessitates a reevaluation of economic strategies to ensure that the benefits of growth are more equitably distributed. In the broader geopolitical context, Vietnam's positioning can be likened to a strategic game of Poker, where the United States maintains Vietnam's presence at the table as an off-hand proxy checker. While the U.S has established a strong grassroots presence in southern Vietnam, the northern region's pro-China economic alignment presents challenges in achieving broader economic benefits and trust. The lack of this type of "trust" among these grassroot in the north have undermined American's efforts. Some do it for China's money, some do it for the old Russia's sentiment, but most don't benefit from America's money.

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Happy Earth Day from Power Sustainable Lios! As an investor in the food industry, I recognize the crucial role we play in stewarding our planet's resources. Today, let's reaffirm our commitment to building resilience and sustainability across the value chain. Investing in innovative solutions that reduce waste, conserve water, and promote biodiversity isn't just good for business - it's essential for the health of our planet and future generations. Power Sustainable Lios is supporting great food companies and leaders across North America building a stronger food system.  #foodsafety #foodsecurity

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Thanks to Kavitha N. and DealStreetAsia for featuring Collyer Capital in this interesting piece about secondaries. Glad to have contributed to the discussion as the secondary toolkit, if used right and in full transparency, can really benefit all parties involved, particularly in #ASEAN. #CollyerCapital #CCPL #ASEAN #secondaries #liquidity #transparency

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🎉 We have raised RMB 7bn (~USD 1bn) in a new fund, together with our local partner in the city of Liuzhou. We believe the venture capital industry is also facing new challenges and opportunities. Our unique investment philosophy will enable us to become a more proactive investor, adapting to the current dynamics of the energy and AI sectors: 🤝 Eco-system approach: we have built two eco-systems in the battery and hydrogen industry with our existing >40 portfolios, every other new investment will enjoy the value added from these base. 🚀 Focus on tech and manufacturing: we believe the tech will not stand alone, integrating with successful scaling-up is a must, also many detailed innovations happen in the manufacturing process. 🌐 Being global: we seek out and gather the finest elements from around the globe. We will build for global business in the next step. #climate, #venture #invesetment #fund #manufacturing #AI #battery #EV

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