Apollo, KB Securities Team Up to Expand Private Credit in Korea

Apollo Global Management Inc. has teamed up with KB Securities Co. to explore private credit opportunities in South Korea, marking the global firm’s first partnership with a local investment bank, according to an announcement.
Under the agreement, KB Securities will receive preferential rights to participate in Apollo’s global credit transactions in Korea, according to a press release and LinkedIn post. The Korean firm said it plans to expand its global private credit footprint and enhance its capabilities in deal sourcing, financing, and arranging. The memorandum of understanding was signed last week in Seoul.