STIC Investments set to acquire laundry chain Cleantopia
STIC Investments Inc., a Seoul-based private equity firm, is set to acquire Cleantopia, South Korea’s largest laundry service franchise operat...
S.Korea cracks down on Chinese color-coated steel plate tariff evasion
South Korea is moving to slap anti-dumping duties on Chinese “fake” color-coated thick steel plates that have been altered after import,...
UCK Partners sues ex-employee in Korea’s 1st PE non-compete case
UCK Partners has sued a former senior employee who joined local rival Premier Partners in June, alleging he violated a non-compete clause, in what i...
Korea Investment Partners invests $10 million in Elon Musk’s SpaceX
Korea Investment Partners Co. (KIP), one of South Korea’s largest venture capital and private equity firms, has invested $10 million in Elon M...
Hyundai to roll out 1st electric SUV tailored for China in September
Hyundai Motor Co. is set to unveil its first electric sports utility vehicle designed for the Chinese market in September to stage a comeback in the...
EQT acquires controlling stake in Remember, Korea’s answer to LinkedIn
Sweden’s EQT Partners, one of Europe’s largest private equity firms, has signed a deal to acquire Remember & Company, the operator o...
China’s free-roaming tourists reshape South Korea’s visitor economy
For decades, megacity malls in Myeongdong and other neon hearts of Seoul have been the must-visit places for Chinese tourists, mostly in large group...
LG Chem sells dermal filler business to VIG Partners for $144 mn
South Korea’s leading chemical company LG Chem Ltd. has agreed to sell its dermal filler business to the country’s major buyout fund VIG...
S.Korea to grant visa-free entry to Chinese tourist groups from September
South Korea will temporarily allow visa-free entry for tourist groups from China starting Sept. 29 through June 2026, the government said on Wednesd...
JP Morgan advises sale of Korea’s professional network Remember
JP Morgan has been appointed to lead the sale of Remember & Company, the South Korean firm behind the country’s popular business card and ...
Lotte’s casino earnings soar as Chinese punters return to Jeju; other casino operators follow suit
Lotte Tour Development Co. has posted its highest-ever quarterly operating profit, powered by a surge in Chinese tourists to South Korea’s top...
Keistone Partners acquires e-commerce logistics firm GoodsFlow from SK Energy
Keistone Partners has acquired GoodsFlow Co., an e-commerce logistics service provider, from oil refiner SK Energy Co. in a deal valued at around 50...
S.Korea's foreigner-only casinos on a roll as Chinese arrivals surge
The drop amount, or gaming chip purchases, at South Korea’s major foreigner-only casino venues spiked to a record high of 3.42 trillion won ($...
IMM joins $600 mn fund for K-beauty unicorn Goodai Global in M&A drive
IMM Private Equity and five other South Korean private equity firms are set to invest a total of 800 billion won ($600 million) in Goodai Global Inc...
LG launches ChatExaone AI beta service, available soon for enterprise use
South Korea’s fourth-largest conglomerate LG Group has made its artificial intelligence chatbot, ChatExaone, available to external users, sign...
LG links up with Chinese rivals for budget appliance supremacy
LG Electronics Inc. has turned its rivals into allies in an unlikely pact to win the budget appliance war and ward off Chinese competitors rapidly e...
Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet
South Korea’s Hyundai Glovis Co. is poised to become the world’s first shipping company to deploy artificial intelligence-based autonomo...
POSCO sells Chinese stainless steel JV to Chinese rival for $300 mn
POSCO, South Korea’s largest steelmaker, has sold Zhangjiagang Pohang Stainless Steel (PZSS), its loss-generating stainless steel joint ventur...
Hong Kong-based CLSA to invest $36.6 mn in K-Beauty pioneer Jungsaemmool Beauty
Hong Kong-based private equity firm CLSA Capital Partners Ltd. has been picked as a preferred bidder to invest 50 billion won ($36.6 million) in Jun...
Roborock’s privacy policy fuels data leak fears over Chinese goods
A new personal data processing policy from Chinese robot vacuum maker Roborock is raising fears that consumer data could be leaked to or misused by ...
JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel
JKL Partners Inc., a Seoul-based private equity firm, is set to acquire London Bagel Museum, a growing sensation in South Korea’s booming prem...
S.Korea’s leading ERP player Douzone Bizon up for sale; EQT, others in talks
Douzone Bizon Co., South Korea’s leading homegrown enterprise software firm and the country’s No. 2 player in the enterprise resource pl...
Growth equity portfolio largely shielded from policy headwinds: Summit
Growth equity investments have remained largely stable in the face of recent policy shifts, with key sectors like technology and healthcare avoiding...
Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push
Chinese tech giant Tencent Holdings Ltd. has emerged as a surprise contender in a race to acquire a roughly 40% stake in Kakao Mobility Corp., the o...
LG Energy cracks China's cylindrical battery market with Chery deal
LG Energy Solution Ltd. said on Monday it has signed a six-year contract with Chery Automobile Co. to supply 8 gigawatts per hour (GWh) of next-gene...
Nexon Games shares rally on Tencent’s possible Nexon acquisition
Shares of Nexon Games Co., the game-developing studio under Nexon Co., surged on Friday morning after Bloomberg reported on Chinese IT giant Tencent...
Partners Group sees infrastructure secondaries quadrupling to $60 bn
Infrastructure secondaries are gaining momentum as the infrastructure sector attracts investors seeking stable and predictable returns amid heighten...
Lotte Chemical, HD Hyundai seek to combine naphtha cracking facilities
Lotte Chemical Corp. and HD Hyundai Co. are in talks to consolidate their naphtha cracking operations in South Korea’s Daesan petrochemical co...
South Korea’s Lee, China’s Xi agree on closer ties, peace on peninsula
South Korea’s newly elected President Lee Jae-myung and Chinese President Xi Jinping have agreed to strengthen strategic ties and enhance coop...
Chinese e-commerce growth stalls in South Korea
Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...
