M&A
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Mergers & Acquisitions
Hyundai Oilbank attracts $20 million from Palantir ahead of IPO
South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its...
Dec 09, 2021 (Gmt+09:00)
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Metaverse
Krafton enters metaverse space with investment in Naver’s Zepeto
Krafton Inc., one of South Korea’s major game developers, is entering the metaverse space by investing 5 billion won ($4.2 million) in Zepeto,...
Dec 06, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea Inc 2021: Year of record M&As, tie-ups and spin-offs
South Korea’s corporate sector has seen record deals through mergers and acquisitions, tie-ups and spin-offs this year, as big companies and s...
Dec 03, 2021 (Gmt+09:00)
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Logistics
GS Retail invests $55 mn in Kakao Mobility to boost online presence
GS Retail Co. is investing 65 billion won ($55 million) in Kakao Mobility Corp., South Korea's No.1 taxi-hailing app, adding to its recent series of...
Dec 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Kakao buys startup Grip, fueling e-commerce push
South Korea's Kakao Corp. has acquired a live streaming e-commerce app Grip Co. to beef up its online shopping business, considered the weakest spot...
Dec 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hankook Tire buys Canada's self-driving sensor maker
South Korea's Hankook Tire Group has acquired a majority stake worth 204.5 billion won ($173 million) in Canada's Preciseley Microtechnology Corp., ...
Dec 01, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Japan's Aeon proceeds with plan to sell Ministop Korea
Japan's Aeon Co. has received preliminary bids for its wholly-owned subsidiary of Ministop Korea, which is estimated at around 200 billion won ($170...
Nov 30, 2021 (Gmt+09:00)
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Advanced materials
SK’s holding firm completes merger with materials arm
SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...
Nov 30, 2021 (Gmt+09:00)
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Mergers & Acquisitions
MBK in talks to buy S.Korea's top shoe fabric maker
MBK Partners is in exclusive talks to buy Dongjin Textile Co., a South Korean family-owned business that supplies footwear textiles to companies inc...
Nov 30, 2021 (Gmt+09:00)
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Cryptocurrencies
SK Square to invest $75 mn in Korea crypto exchange
South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its po...
Nov 29, 2021 (Gmt+09:00)
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E-commerce
KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal
KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is ...
Nov 26, 2021 (Gmt+09:00)
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Shareholder activism
US activist fund to face off with IMM PE over Hanssem
Teton Capital Partners, a US-based activist fund, has taken legal action to block IMM Private Equity from exercising its management rights over Hans...
Nov 24, 2021 (Gmt+09:00)
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Entertainment
Behind the scenes of CJ's $775 mn Endeavor Content purchase
CJ ENM Co., the producer of the Oscar-winning "Parasite", was the only South Korean company among a few entertainment powerhouses and investment fir...
Nov 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s Toss operator invests $5 mn in US startup fintech platform Republic
Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a ...
Nov 24, 2021 (Gmt+09:00)
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Cryptocurrencies
Dunamu evolves from outlier to qualified investor in Woori
"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an ope...
Nov 23, 2021 (Gmt+09:00)
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Private equity
MBK's deals rank among top 2021 PE exits in N.Asia
North Asia-focused MBK Partners has made lucrative exits from three investments in South Korea, China and Japan this year. They rank among the nine ...
Nov 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chemical seeks to acquire Japanese specialty chemical firms
Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand it...
Nov 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea leaves Asian crisis behind with Woori privatization
Two decades after the onset of the 1997-98 Asian financial crisis, the state-run Korea Deposit Insurance Corporation (KDIC) is finally set to privat...
Nov 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Doosan sells E&C, closer to exiting self-rescue program
South Korea's Doosan Group on Friday inked an agreement to sell a majority stake in Doosan Engineering & Construction Co. (Doosan E&C) to a ...
Nov 19, 2021 (Gmt+09:00)
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Entertainment
CJ ENM buys Hollywood studio Endeavor Content for $775 mn
CJ ENM Co., South Korea's entertainment powerhouse, has agreed to buy an 80% stake in the content unit of Endeavor Group Holdings for $775.3 million...
Nov 19, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Carlyle buys coffee franchise A Twosome Place for over $800 mn
The Carlyle Group has bought South Korea's No. 2 coffeehouse chain A Twosome Place from Anchor Equity Partners, saying it would "capture the signifi...
Nov 19, 2021 (Gmt+09:00)
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Energy
Hanwha acquires 16.67% of REC Silicon for $160 mn for US solar projects
South Korea’s Hanwha Solutions Corp. has agreed to buy a 16.67% stake in Norway-based polysilicon manufacturer REC Silicon ASA for $160.5 mill...
Nov 19, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Glenwood to join GS' acquisition of S&I E&C
South Korea’s construction conglomerate GS Engineering & Construction Co. said on November 17 that it has selected Korean private equity...
Nov 18, 2021 (Gmt+09:00)
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Energy
SK Ecoplant to start offshore wind power business
SK Ecoplant Co., the construction unit of South Korea’s SK Group, is slated to enter the offshore wind power business by acquiring a local win...
Nov 17, 2021 (Gmt+09:00)
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E-commerce
STIC invests $20 mn in e-commerce giant Tiki
South Korean private equity firm STIC Investments Inc. has invested $20 million in Vietnam’s e-commerce giant Tiki Corporation’s serie...
Nov 17, 2021 (Gmt+09:00)
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COVID-19
SK seeks to make Pfizer, Merck COVID-19 pills in CMO deals
SK Inc., the investment and holding company of South Korea’s SK Group, is seeking to make COVID-19 treatment pills developed by Pfizer Inc. an...
Nov 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
MBK sells Japan golf club to SoftBank's Fortress for $3.5 bn
MBK Partners has sold Japan's largest golf course operator Accordia Next Golf to SoftBank's Fortress Investment Group for 400 billion yen ($3.5 bill...
Nov 16, 2021 (Gmt+09:00)
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Waste treatment
Hyundai Motor Group seeks to buy Korea waste treatment firm
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gr...
Nov 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana
Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquir...
Nov 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean game makers shun IBs for M&A deals
“We know which companies to buy after playing the games a few times.”More and more South Korean game developers are pursuing mergers and...
Nov 16, 2021 (Gmt+09:00)
Most Read
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- 2 Australian infrastructure offers compelling opportunity: QIC
- 3 Europe looms large as K-beauty brands look to blue ocean; shares rise
- 4 NPS to lift stock holdings to 55% by 2030, raising risk appetite
- 5 NPS logs 0.87% return from first-quarter investment
- 6 Korea Post to commit $150 mn to mid-cap infrastructure funds
- 7 Seoul, once-rising art hub, feels pinch of global strains
- 8 Cushman & Wakefield, Avison Young to lead Orange Center sale in Seoul
- 9 Ex-TSMC executive joins Samsung Foundry to lead US expansion
- 10 Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal
- 11 Korea’s ruling party revives corporate law reform with stricter rules
- 12 S.Korean military fund to make $73 mn commitment to real estate funds
- 13 LG Display to invest $500 mn to boost smaller OLED output
- 14 Korea’s aesthetic medicine enjoys golden era with surge in foreign spending
- 15 S.Korea’s Lee to make diplomatic debut at G7 after phone call with Trump
- 16 US monitors NPS, sovereign funds in expanded currency surveillance
- 17 Markets in honeymoon with Lee: Kospi, won rally; bond yields spike
- 18 Korea’s stablecoin trade at $42 bn; BOK balks at non-bank stablecoin deals
- 19 Chinese e-commerce growth stalls in South Korea
- 20 LG Energy, Samsung SDI to build 1st US LFP battery plants with GM
