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NetMarble, South Korea’s leading mobile game maker, made a rare move on Oct. 10 -- bidding for rental company Woongjin Coway. The news of the unexpected bid pushed up the share price of Woongjin Coway by as much as 22 percent in morning trade on Oct. 11. Woongjing Thinkbig, which is selling 25.08 ...
South Korean game software developer Netmarble and private investment house Bain Capital have reportedly joined the final bidding round for stake in water purifier rental firm Coway . The news came after strong contenders had walked away from the bid for 25.08 percent stake, which Woongjin Gro...
South Korean credit card company Hyundai Card has embarked on a process to select investment banking houses to underwrite its initial public offering, the company said Oct. 8. “Hyundai Card handed out requests for proposals (for the IPO underwriting) on Oct. 7 in the evening,” a Hyundai Card spo...
Hyundai Heavy Industries has been grappling with growing opposition from workers against a merger with Daewoo Shipbuilding & Marine Engineering . In March, HHI signed a formal deal, worth an estimated 2 trillion won ($1.7 billion), with the state-run Korea Development Bank to buy its smaller ri...
South Korea’s private equity firm Hahn & Co. said on Oct. 1 it has closed Fund III at $3.2 billion -- the largest fund focused solely on Korean companies to date. It comprises a flagship fund of $2.7 billion and companion $500 million co-investment fund. The addition brought Seoul-based Hahn & C...
Indebted South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering on Sept. 30 kicked off its fourth attempt to sell, in a move to shun looming liquidation before the end of 2019. The Tongyeong-based company’s existing stake and newly-issued shares, plus two additional shipyards, which ...
A deal to sell Bithumb, South Korea’s largest cryptocurrency exchange, is at the risk of falling apart one year after the decision to sell it, industry sources said Sept. 30. BTC Korea Holdings, which operates Bithumb and owns a 76 percent stake in the exchange, on Oct. 12 last year said that it ...
South Korea’s state-run policy lender Korea Development Bank said Sept. 30 it plans to sell its majority stake in a life insurance unit by 2020 through an open tender. This is the fourth time it is attempting to sell its stake. Some 88 million common shares of KDB Life Insurance owned by KDB thro...
Busan-based ballast water treatment system company Techcross bought the entire stake in both LG conglomerate’s land-based water treatment units LG-Hitachi Water Solutions and HiEntech for an undisclosed amount on Sept. 26. The two companies were reportedly valued at roughly over a combined 250 bi...
Taipei-based Fubon Life Insurance agreed on Sept. 25 to buy a 4 percent stake in Woori Financial Group through a block deal for 358.5 billion won ($298.9 million). Some 28.9 million shares, currently owned by the financial group’s commercial banking subsidiary Woori Bank, will be trading at 12,...
A roundtable comprising business associations, trade agencies and financial institutions in South Korea on Sept. 25 recommended a potential list of foreign companies whose shares are potentially up for sale. The event, held at the headquarters of Korea Financial Investment Association, was aimed a...
Korea Investment and Securities is buying a 102,000-square-meter commercial building located on Broadway in Manhattan for 600 billion won ($501 million). The securities firm and Samsung Asset Management agreed to buy the building from JPMorgan’s asset management arm, which owns a 95 percent sta...
South Korean clothing manufacturer Sae-A Trading was picked as the preferred bidder for the country’s largest corrugated fiberboard makers Tailim Packaging and Tailim Paper, according to IMM PE, the largest shareholder that is selling them in a bundled deal, on Sept. 18. Sae-A is expected to pay ...
KleanNara , Seoul-based personal hygiene goods maker, denied on Sept. 11 rumors that its owner family, including the largest stakeholder Choi Jung-kyu are looking to sell their stake in the company. “We have inquired with our largest shareholder about the stake sale rumor and would like to annou...
South Korean-Japanese conglomerate Lotte’s Seoul-based holding firm Lotte Corp. sold off its 2.76 percent stake in BNK Financial Group to Hotel Lotte Pusan, BNK said in a regulatory filing on Sept. 3. Some 9 million shares of BNK Financial were handed over to Hotel Lotte Pusan in return for 6...
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