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An investor group led by South Korean pulp product manufacturer Hankuk Paper agreed to buy a majority stake in Korea’s third-largest domestic industrial paper maker, Seha, for 55 billion won ($44.2 million) from Korean nonperforming loan manager United Asset Management Co., a filing showed on Marc...
An intense bidding war for the takeover of Prudential Life Insurance of Korea, valued at some 2 trillion won ($1.6 billion) kicked off early Thursday as major banking groups and private equity houses vied to get their hands on the insurer. The bid for a 100 percent stake in the insurer came as th...
South Korea introduced a law in February to support a new form of activism by “general” equity investors, enabling minority shareholders to have a say in corporate decisions. The revision of the Capital Markets Act has offered investors legal clarity in their move to boost shareholder value and ...
The owners of the Seoul Book Center -- operator of South Korea’s third-largest bookstore chain, Bandi & Luni’s -- are looking to put their stake in the company up for sale through deal manager eBest Investment & Securities, the brokerage house said on March 16. Founded in 1988, the Seoul Book C...
South Korea’s Mirae Asset Financial Group has invested some $150 million in Impossible Foods, a US-based startup that produces meat alternatives, according to reports Monday. Mirae Asset, along with several financial investors, participated in the latest funding round,” an investment banking so...
Shinhan Card said Tuesday it is poised to buy parts of Hyundai Capital’s assets related to its long-term car rental services for around 500 billion won ($417.3 million). The assets will be composed of vehicles under the South Korean carmaker -- Hyundai, Kia and Genesis -- which Hyundai Capital ...
South Korean construction company Daelim Industrial has completed the takeover of Carliflex, a chemical business unit of Kraton, a US firm that produces specialty polymers and chemical products derived from pine wood pulping byproducts. Through the acquisition, worth $530 million, Daelim has gain...
Korean chemical materials manufacturers Kolon Industries and SKC have sold their stakes in SKC Kolon PI, a polyimide film maker, for some 300 billion won ($250 million) in a bid to acquire seed funding to nurture new businesses, according to the two companies on Monday. Kosdaq-listed SKC Kolon PI...
Goldman Sachs and SK Corp. announced on Jan. 13 plans to invest jointly in an eco-friendly cold chain logistics center in South Korea. Global investment banking group Goldman Sachs and SK Group’s holding company, which specializes in investment, said they would invest 50 billion won ($43 million)...
SKC Inc., a chemical unit of SK Group, said on Jan. 6 that it will acquire KCF Technologies Co., the world's top producer of copper foil for lithium-ion batteries, this week in a bid to diversify its business portfolio. SKCFT Holdings Co., a subsidiary of SKC, is set to buy a 100 percent stake in ...
South Korea’s provincial banking group JB Financial Group said Dec. 16 that its commercial banking arm Kwangju Bank had signed a deal to acquire Vietnamese investment bank Morgan Stanley Gateway Securities for 382.4 billion Vietnamese dong ($16.5 million). Kwangju Bank, wholly owned by JB Finan...
The merger between South Korean mobile carrier LG Uplus Corp. and cable and budget phone operator CJ Hello Co. received final approval from the government on Dec. 15 in a development that could lead to more investment and growth in the local telecom and broadcasting sector. The conditional perm...
South Korean food delivery unicorn startup Woowa Brothers announced Dec. 13 that German food delivery giant Delivery Hero will acquire a majority stake in the company at a $4 billion valuation. Berlin-based Delivery Hero will buy 87 percent of Woowa Brothers, known for its online delivery app Baed...
The deadline for the stake transfer of South Korea’s second-largest air carrier, Asiana Airlines , has been extended to the fourth week of December, according to industry sources Dec. 12. The preferred bidder, a consortium comprising Hyundai Development Co. and Mirae Asset Daewoo , fell sho...
CJ CheilJedang on Nov. 20 was given a disciplinary order by the Fair Trade Commission for irregularities in its corporate restructuring, primarily for a merger that turned its key logistics arm CJ Logistics into CJ Corp. ’s second-tier indirect subsidiary, FTC said Dec. 1. A company called You...
Korean builders nervous about possible setbacks in Middle East
HD Hyundai chair receives honorary doctorate from HUFS
SC Bank Korea offers special interest rate for new members
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
Samsung expected to introduce new Exynos processor in next Galaxy series
Woori, KB ink QR code payment partnership with Cambodia