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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...
Aekyung Group and two consortia, one involving private equity firm Korea Corporate Governance Improvement and the other led by real estate developer Hyundai Development Company , have reportedly joined the preliminary bidding round for Seoul-based air carrier Asiana Airlines on Sept. 3. The en...
SK Discovery completed a merger with its wholly owned subsidiary SK Syntec on Sept. 2, according to a regulatory filing. Under the deal, management consulting firm SK Syntec merged with its parent firm SK Discovery. SK Discovery’s assets jumped to 1.4 trillion won ($1.1 billion) from 1.2 trillio...
KG Group has become the biggest shareholder of Dongbu Steel as its joint venture KG Steel took control over its newly issued 40 percent stake, according to a regulatory filing Sept. 2. The steelmaker -- which got a new name KG Dongbu Steel -- said KG Steel, held equally by KG Corp., KG Eco Tech...
SK Holdings said Sept. 2 that it has handed over its entire stake in SK Biotek to its US subsidiary Alchemy Acquisition in exchange for new shares worth 438.7 billion won ($361 million). The transaction took place on Aug. 30, immediately after board approval. Its decision reduced SK Holdings’ di...
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