Samsung Life buys 25% stake in Savills IM for $90 mn

Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...

POSCO chairman: Future at stake without co's hydrogen push

Choi Jeong-woo, chairman of POSCO, South Korea’s largest steelmaker, said it’s no exaggeration to say that the company’s future is...

Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn

Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...

Concurrent deal closings by Kakao, Naver: Mere coincidence?

Early this month, when Anchor Equity Partners was in intense negotiations with Kakao Corp. over the terms of its 600 billion won ($530 million) inve...

Halla to join bid for Hanon Systems stake; seen biggest deal in Korea

South Korea’s Halla Group is joining the race for the purchase of auto parts supplier Hanon Systems Corp. -- a deal, if reached at the top end...

Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn

Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....

Biggest deal in Korea: Hanon Systems stake sale draws KKR, Carlyle, TPG

The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investor...

JR AMC buys $140 mn stake in NY office building

South Korea's JR AMC Co. has signed a $140 million agreement to buy a 49.9% stake in a New York office building from JPMorgan Asset Management. Once...

Naver vs Kakao: Intense rivalry to extend beyond Asia

South Korea's two online giants Naver Corp. and Kakao Corp. have completed their respective acquisitions of storytelling platforms in the US and Can...

Jay Y. Lee tightens grip on Samsung with increased stake in key affiliate

Jay Y. Lee, the heir of Samsung Group, has bolstered his grip on South Korea’s largest conglomerate by inheriting half his late father’s...

Kakao Pay values itself at above-consensus $14 bn

Kakao Pay Corp., aiming to list on South Korea's main stock exchange this year, has valued itself at as much as 16 trillion won ($14.4 billion), or ...

Team Fresh secures $6 mn via stake sale to DSC Investment

South Korea-based venture capital firm DSC Investment announced on Apr. 27 that it has acquired a 6.5% stake, valued at around 6.5 billion won ($5.8...

Hyundai Motor pilots EV mobility service for pets

Hyundai Motor Group will pilot an urban mobility service for pets in Seoul, using a specially designed Ray EV model by Kia Corp. The group said on A...

Fintech platform Kakao Pay applies for Kospi IPO

Kakao Pay Corp., a unit of South Korea's largest mobile messaging app Kakao Corp., submitted an application for its initial public offering with the...

Evercore joins as advisor for S.Korea’s Hanon Systems stake sale

Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...

IMM Private Equity to acquire 40% stake in SK Lubricants for $900 million

Seoul-based IMM Private Equity will acquire a 40% stake in South Korea’s SK Lubricants Co., wholly owned by SK Innovation Co., for about one t...

Hyundai denies talks to sell stake in Rotem to Siemens

Hyundai Motor Co. said on Wednesday that it is not seeking to sell a stake in Hyundai Rotem Co., in response to reports that the South Korean carmak...

SKT strengthens foothold outside mobile biz

South Korea’s telecom and mobile network market leader SK Telecom Co., which announced last week its strategic long-term shift towards non-tel...

Kakao Bank applies for preliminary review of 2021 IPO

Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market...

Naver, Kakao vie for Korean web novel platform

Naver Corp. and Kakao Corp., South Korea's two online giants, are competing to acquire Munpia Inc., their smaller domestic rival in the web novel ma...

SK Telecom to split into mobile and non-mobile units

South Korea’s largest mobile carrier SK Telecom Co. will split into two separate entities. SK Telecom said on Apr. 14 that it will create a ne...

Kakao Entertainment’s enterprise value seen above $8.9 billion

Kakao Entertainment Corp. is working to make a trading debut on the domestic bourse in the latter part of this year or in 2022 at the latest. And th...

Kakao to buy fashion app, pushing aside eBay Korea

Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform targe...

Hankook Tire to sell stake in Hanon Systems, eyes $900 mn gains

South Korea’s Hankook Tire & Technology Co. plans to divest of its 19.5% stake in Hanon Systems Corp., an auto parts maker, in a move that...

Kakao Japan seeks $446 million from Anchor Equity

Kakao Corp.’s Japanese unit, which operates Japan’s largest webtoon platform Piccoma, is in talks to attract as much as 500 billion won ...

LG Elec to fold mobile phone business in 26 yrs

LG Electronics Inc. announced on Monday its exit from the loss-making mobile phone business, which has accumulated operating losses of 5 trillion wo...

Kakao in talks to buy US fiction app in heated IP rivalry

South Korea's mobile giant Kakao Corp. is in negotiations to buy the management rights of US-based mobile fiction startup Radish Fiction for around ...

SK Hynix ponders fate of Kioxia stake after bids by Micron, WDC

The reported bids to buy Japanese chipmaker Kioxia Holdings Corp. by Micron Technology Inc. and Western Digital Corp. is raising market chatter over...

Google to buy $50 mn new shares in Kakao Mobility

Google Inc. will acquire 56.5 billion won ($50 million) worth of new Kakao Mobility Corp. shares, in a strategic investment in the South Korean mobi...

Hyundai Mobis expands mobility business, reveals concept cars

South Korea’s largest auto parts maker Hyundai Mobis will undergo significant reforms in its business model to become a future mobility platfo...