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South Korea, Asia’s fourth-largest economy, is seeking to tap into sector-specific cross-border mergers and acquisitions to keep its export-oriented supply chain unscathed in the face of ongoing trade tension with Japan. At a seminar hosted by the Korea Trade-Investment Promotion Agency in Seoul ...
Hanwha Galleria is seeking to delist its department store subsidiary in a bid to tackle shrinking domestic consumption amid signs of a recession. The department store arm of South Korean conglomerate Hanwha, which holds a controlling stake in the subsidary Hanwha Galleria Timeworld , announced o...
Hanwha Hotels & Resorts said on Nov. 25 it would split off its food culture division and sell it to South Korea’s private equity firm VIG Partners in the deal that was roughly valued at some 100 billion won ($85 million). The leisure industry arm of chemical-to-financial conglomerate of Hanwha sa...
Caris, a South Korean company that first made guardrails using synthetic plastic polymer PVC, said Nov. 22 that it plans to set up a joint venture with Ukrainian investors for infrastructure projects that are expected to be worth a combined $1.4 billion. The new entity will be joined by Caris, Ukr...
Hong Kong-based private equity firm PAG will acquire Grand Hyatt Seoul, according to sources Nov. 20. The five-star hotel, which opened in 1978, is located in Yongsan District and has 615 rooms, with several food and beverage outlets. Established in 2002, PAG is one of Asia’s leading investment ...
Seoul-based Korea Investment Holdings plans to transfer its stake in South Korea’s leading neobank, Kakao Bank, to its subsidiary Korea Investment Value Asset Management and internet giant Kakao , the company said in regulatory filings on Nov. 19. The investment bank-led financial group’s ho...
South Korea’s cinema chain CJ CGV said Nov. 18 its Hong Kong-based subsidiary has agreed to raise $286 million from a consortium of private equity firm MBK Partners and investment bank Mirae Asset Daewoo. This came in a move to turn the subsidiary into a holding company that controls its Asian ...
South Korea’s food-to-entertainment conglomerate CJ Corp . said Nov. 15 that it has no plans to sell its health and beauty subsidiary, CJ Olive Young, which runs a chain of drugstores. “We are not considering selling (our) stakes in CJ Olive Young, so we would like to clarify that the recent n...
Kanglim , a Korean manufacturer of cranes and other material handling equipment, said Nov. 13 it would buy a controlling stake in women’s underwear maker Namyeung Vivien ’s for 53.8 billion won ($46 million). Men’s underwear maker SBW had walked away from such an acquisition deal. SBW too...
KEB Hana Bank said Nov. 11 that it has become the second-largest shareholder of Bank for Investment and Development of Vietnam, the Southeast Asian country’s largest bank by assets. South Korea’s third-largest commercial bank said it has agreed to buy 15 percent or 603 million new shares in BIDV...
A consortium led by Hyundai Development Co. , has been selected as the preferred bidder for purchasing majority stake in Asiana Airlines , its largest shareholder Kumho Industrial said Nov. 12. The consortium, comprising real estate developer and investment bank Mirae Asset Daewoo , is inc...
Kendall Square Asset Management has acquired Amazon’s logistics center in Prague, a local business daily reported Nov. 11. “The company paid 180 billion won ($155 million) for the logistics center located 4 kilometers away from Prague’s international airport,” Kendall Square CEO Kim Koo-young ...
South Korea’s antitrust watchdog Fair Trade Commission on Nov. 8. gave the greenlight for LG Uplus ’ takeover of cable TV operator CJ Hello , enabling the mobile carrier to capitalize on its pay-TV portfolio and putting the final decision in the hands of the ICT Ministry and the Korea Communi...
The Fair Trade Commission said Nov. 8 that it has conditionally approved two separate merger and acquisition deals, one led by SK Telecom and the other by LG Uplus , reshaping the local pay TV industry as it is already undergoing a major transformation toward digital services. The decision cle...
Macquarie PE, a global private equity fund operator, has been chosen as the preferred bidder in the race to acquire LG CNS, an IT system unit of LG Group. In the bid that other global heavyweights such as Kolberg Crabis Roberts also participated in, LG Group, the majority shareholder, and lead dea...
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