Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...

Korea’s Hanjin Heavy up for sale, preliminary bidding by Oct. 26

Korea’s Hanjin Heavy up for sale, preliminary bidding by Oct. 26

Creditors of Hanjin Heavy Industries & Construction Co. will put the cash-strapped South Korean shipbuilder up for sale next month as the lenders ...

Samsung creeps up on Apple in US online smartphone sales

Samsung creeps up on Apple in US online smartphone sales

Samsung Electronics Co. has sharply narrowed its gap with Apple Inc. in the US online smartphone market during the second quarter of this year to arri...

Doosan Infracore to issue $85.4 mn in bonds; stake sale bidding now Sept. 28

Doosan Infracore to issue $85.4 mn in bonds; stake sale bidding now Sept. 28

Doosan Infracore Co., South Korea’s top construction equipment maker, plans to sell 100 billion won ($85.4 million) in corporate bonds to raise ...

Kumho Asiana Group eyes sale of affiliate golf course and resort

Kumho Asiana Group eyes sale of affiliate golf course and resort

Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...

AXA General sale off to shaky start with Kyobo Life as sole bidder

AXA General sale off to shaky start with Kyobo Life as sole bidder

The sale process of AXA General Insurance Co. got off to a shaky start with only Kyobo Life Insurance Co. making a preliminary bid on Sept. 18. S...

Korea’s major companies’ Q2 overseas sales drop 20% due to pandemic

Korea’s major companies’ Q2 overseas sales drop 20% due to pandemic

South Korea’s top 100 companies saw their overseas sales shrink by a fifth in the second quarter from the year-earlier period, weighed by the fa...

Doosan Heavy to wrap up first-round restructuring with $1.1 bn new share sale

Doosan Heavy to wrap up first-round restructuring with $1.1 bn new share sale

Doosan Heavy Industries & Construction Co. Ltd., the debt-ridden South Korean power plant builder, is set to wrap up the first round of its debt r...

Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn

Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn

Doosan Group has agreed to sell Doosan Solus Co. Ltd., a copper foil and OLED materials maker, to South Korean private equity firm SkyLake Investment ...

Sale of Doosan Infracore kicks off; preliminary bidding by Sept. 22

Sale of Doosan Infracore kicks off; preliminary bidding by Sept. 22

The sale process for Doosan Infracore Co. is under way, with the preliminary bidding deadline for a controlling stake in South Korea's top constructio...

Samsung Life shares rally as governance issue looms on likely stake sale

Samsung Life shares rally as governance issue looms on likely stake sale

Shares of South Korea’s largest life insurer, Samsung Life Insurance Co., have rallied in recent sessions on expectations that the company will ...

Longer-dated govt bond yields creep up as investors foresee more treasury sales

Longer-dated govt bond yields creep up as investors foresee more treasury sales

South Korea’s government bond yields are heading north despite the gloomy business outlook as institutional investors expect more government-iss...

Sale of Korea’s bank debentures hits all-time high as capital reserves shrink

Sale of Korea’s bank debentures hits all-time high as capital reserves shrink

Bond issuance by South Korean banks has risen to a record high as banks move to secure adequate capital to ride out any short-term liquidity disruptio...

Korean Air seals $835 mn in-flight business sale to private equity firm

Korean Air seals $835 mn in-flight business sale to private equity firm

Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...

SK Lubricants up for sale as parent firm bulks up EV battery business

SK Lubricants up for sale as parent firm bulks up EV battery business

SK Innovation Co. Ltd., the single shareholder of SK Lubricants Co. Ltd., has put the lube base oil supplier up for sale as the parent company seeks n...

Seoul apartments’ average selling price tops 1 billion won for first time

The average selling price of apartment units in Seoul has surpassed the psychologically important 1 billion won ($845,000) mark for the first time, al...

Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits

Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...

SK to invest $300 million in ChinData Group by joining in pre-IPO share sale

SK to invest $300 million in ChinData Group by joining in pre-IPO share sale

SK Corp. is investing $300 million (360 billion won) in Chinese data center operator ChinData Group as the South Korean company seeks to benefit from ...

TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale

TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale

The US private equity firm TPG Capital and South Korea’s top Internet portal Naver Corp. have participated in preliminary bidding for a pre-IPO ...

US insurer Cigna’s Korean unit says no decision yet on its possible sale

LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...

Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO

A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...

Debt-laden Doosan Group puts Doosan Infracore up for sale to secure cash

Debt-laden Doosan Group puts Doosan Infracore up for sale to secure cash

Doosan Group kicked off the sale process for Doosan Infracore, the group’s construction equipment builder, with the sale manager ...

US insurer Cigna to put Korean life insurance arm up for sale

US insurer Cigna to put Korean life insurance arm up for sale

The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...

Local activist fund KCGI opposes Korean Air's sale of in-flight businesses

Local activist fund KCGI opposes Korean Air's sale of in-flight businesses

Korea Corporate Governance Improvement (KCGI), a local activist private equity fund, is unhappy with Korean Air Lines Co. Ltd's decision to sell ...

Export-Import Bank of Korea ups Aussie bond sale size to $460 mn on demand

Export-Import Bank of Korea ups Aussie bond sale size to $460 mn on demand

The Export-Import Bank of Korea (KEXIM) has nearly doubled the size of its planned new bond sale in Australia to A$700 million ($460 million) on stron...

Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales

Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales

Korean Air Lines Co. Ltd. unveiled its largest rights offering plan on May 13 to raise 1 trillion won ($817 million) for debt repayment, after it open...

KIC's moving out of Seoul gains momentum after April election

KIC's moving out of Seoul gains momentum after April election

The South Korean government is expected to push ahead with the plan to move Korea Investment Corporation (KIC) and other public agencies to provincial...

Two Europe-focused REITs seek $600 mn IPOs in Seoul

Two Europe-focused REITs seek $600 mn IPOs in Seoul

Two real estate investment trusts (REITs) backed by office buildings in Belgium and France are planning to raise a combined $600 million through initi...

eBay puts South Korean unit up for sale in $4 bn deal

eBay puts South Korean unit up for sale in $4 bn deal

eBay Inc. has decided to sell 100% of its South Korean operations which it valued at about 5 trillion won ($4 billion), the latest in a series of reor...

KKR consortium buys Seoul office tower from NPS

KKR consortium buys Seoul office tower from NPS

A consortium of KKR & Co. and two South Korean companies have closed the acquisition of a Seoul office tower from the National Pension Service (NP...

JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel Museum Kolon's early bets on para-aramid recovery pays off amid AI boom Shinsegae chair likely to head Asian arm of pro-Trump Rockbridge S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required