HSBC Seoul office sale
Scope
Date
~
-
Healthcare
Korea's most-repurchased mask maker up for sale
Wellkeeps Co., a South Korean mask manufacturer, has issued an information memorandum to potential buyers including financial investors and strategic ...
Nov 06, 2020 (Gmt+09:00)
-
Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
-
Mergers & Acquisitions
Korea's largest job portal JobKorea up for sale
South Korea-based private equity firm H&Q has begun the sale process for JobKorea, the country's largest job portal estimated to be worth up to $7...
Nov 04, 2020 (Gmt+09:00)
-
Earnings
SK Hynix vows to triple NAND sales in 5 years after strong Q3
SK Hynix Inc. has vowed to triple its NAND flash memory sales within five years, buoyed by its recent acquisition of Intel Corp.’s NAND memory a...
Nov 04, 2020 (Gmt+09:00)
-
Batteries
Korea’s EV battery stocks surge on Europe sales, US vote
Shares of South Korea’s three leading electric vehicle battery makers surged Tuesday, on strong electric car sales in Europe and expectations th...
Nov 03, 2020 (Gmt+09:00)
-
Automobiles
Hyundai’s ex-design chief Donckerwolke named chief creative officer
Hyundai Motor Co. has appointed former design chief Luc Donckerwolke as the automaking group’s chief creative officer, a new post created as par...
Nov 02, 2020 (Gmt+09:00)
-
Earnings
LG Electronics posts record-high Q3 sales, operating profit
LG Electronics Inc.’s quarterly operating profit and sales surged thanks to solid growth in its television and home appliance segments and small...
Oct 30, 2020 (Gmt+09:00)
-
Earnings
Pandemic lifts Naver's Q3 sales to all-time high, net profit triples
South Korea’s largest internet portal Naver Corp.’s third-quarter net profit nearly tripled, while its sales rose to a record high, driven...
Oct 29, 2020 (Gmt+09:00)
-
Earnings
Samsung Elec posts record-high quarterly sales, warns of Q4 profit decline
Samsung Electronics Co.’s third-quarter operating profit rose to its highest level in two years on firm demand in smartphones and memory chips, ...
Oct 29, 2020 (Gmt+09:00)
-
IPOs
Lotte Rental shelves share sale plan as IPO market cools
Lotte Group has indefinitely postponed its plan to list Lotte Rental Co., in the latest sign of a cooldown in the local initial public offering market...
Oct 28, 2020 (Gmt+09:00)
-
Business expansion
Shinhan closing in on HSBC to be top foreign bank in Vietnam
Shinhan Bank Vietnam Ltd., the Vietnamese subsidiary of Shinhan Bank, is close to becoming the top foreign bank in Vietnam thanks to its solid perform...
Oct 27, 2020 (Gmt+09:00)
-
Post Lee Kun-hee
Samsung heirs’ $9 bn tax bill may lead to share sale, weak control
The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...
Oct 25, 2020 (Gmt+09:00)
-
LG Electronics
LG Electronics expects record Q3 results on brisk home appliance, TV sales
LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...
Oct 08, 2020 (Gmt+09:00)
-
Alternative investment
Korea Investment acquires California-based office building worth $86 mn
Korea Investment & Securities Co. has acquired a luxury office building in Orange County, California valued at around 100 billion won ($86 million...
Oct 05, 2020 (Gmt+09:00)
-
Automobiles
Robust SUV sales drive Korean carmakers’ US market share to 9-yr high
South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...
Oct 05, 2020 (Gmt+09:00)
-
IPOs
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...
Oct 05, 2020 (Gmt+09:00)
-
Heavy Industries
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 ...
Sep 28, 2020 (Gmt+09:00)
-
Tech
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...
Sep 25, 2020 (Gmt+09:00)
-
M&As
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 ...
Sep 25, 2020 (Gmt+09:00)
-
Restructuring
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...
Sep 21, 2020 (Gmt+09:00)
-
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...
Sep 18, 2020 (Gmt+09:00)
-
Real Estate
Hana Financial named preferred buyer of $700 mn Seattle office tower: report
A consortium of South Korea's Hana Alternative Asset Management Co. and other units of Hana Financial Group has signed a preliminary agreement to buy ...
Sep 18, 2020 (Gmt+09:00)
-
Markets
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...
Sep 07, 2020 (Gmt+09:00)
-
Restructuring
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...
Sep 04, 2020 (Gmt+09:00)
-
Doosan Group
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 ...
Sep 04, 2020 (Gmt+09:00)
-
Mergers & Acquisitions
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...
Sep 03, 2020 (Gmt+09:00)
-
Corporate governance
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 ...
Sep 02, 2020 (Gmt+09:00)
-
Markets
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...
Sep 01, 2020 (Gmt+09:00)
-
Markets
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...
Sep 01, 2020 (Gmt+09:00)
-
Korean Air
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 ...
Aug 25, 2020 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators