Biosimilar giant Celltrion to transform into drug developer

Biosimilar giant Celltrion to transform into drug developer

South Korean biosimilar giant Celltrion Group aims to transform into a drug developer by generating 40% of sales from new medicines by 2030 as it is...

Celltrion founder returns to management with M&A pledge

Celltrion founder returns to management with M&A pledge

South Korean biosimilar giant Celltrion Group’s founder Seo Jung-jin has returned to management two years after his departure, pledging to mer...

US affiliate of Korea's cell therapy company NK Max eyes NYSE listing in 3Q

US affiliate of Korea's cell therapy company NK Max eyes NYSE listing in 3Q

NKGen Biotech, the US affiliate of South Korea's natural killer (NK) cell therapy developer NK Max, on Friday said it signed a letter of intent (LOI) ...

Hanwha gets nod on DSME deal from most countries, but not Korea

Hanwha gets nod on DSME deal from most countries, but not Korea

South Korea’s leading defense maker Hanwha Group has obtained approval for its acquisition of Daewoo Shipbuilding & Marine Engineering Co....

S.Korea's Oasis posts surplus for second straight year

S.Korea's Oasis posts surplus for second straight year

South Korea's Oasis Corp., a grocery delivery platform specializing in early morning shipments, on Tuesday said it posted last year operating profit...

Celltrion eyes Baxter's arm as it gears up for M&As

Celltrion eyes Baxter's arm as it gears up for M&As

Celltrion Inc., South Korea’s largest biosimilar maker, said on Tuesday it has studied a possible acquisition of the biopharma solutions unit ...

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Co. buys autonomous driving tech startup 3Secondz

Hankook & Company Co., a South Korean holding company that owns tire and mobility businesses, said on Tuesday that it has acquired the autonomou...

Iljin Materials to change its name to Lotte Energy Materials

Iljin Materials to change its name to Lotte Energy Materials

Lotte Chemical Corp., a South Korean petrochemical giant, will rename Iljin Materials Co., the country’s second-largest copper foil maker, as ...

KT&G potential target of aggressive activist shareholder

KT&G potential target of aggressive activist shareholder

KT&G Corp., the world’s fifth-largest tobacco maker, is likely to face a tougher battle against activist shareholders as an aggressive hed...

Turkey approves Hanwha Group's acquisition of DSME

Turkey approves Hanwha Group's acquisition of DSME

The Turkish competition authority has approved Hanwha Group’s acquisition of Daewoo Shipbuilding & Marine Engineering Co. (DSME), the firs...

S.Korean grocery delivery platform Oasis drops IPO on weak demand

S.Korean grocery delivery platform Oasis drops IPO on weak demand

Oasis Corp., a South Korean grocery delivery platform, decided to withdraw its local initial public offering plan on Feb. 13 amid tepid interest fro...

Oasis IPO draws tepid interest from institutional investors

Oasis IPO draws tepid interest from institutional investors

South Korean grocery delivery platform Oasis Corp. saw lukewarm interest from domestic institutional investors during the Feb. 7-8 bookbuilding for ...

LG Chem completes acquisition of US biotech firm AVEO

LG Chem completes acquisition of US biotech firm AVEO

LG Chem Ltd. is set to complete its $571 million purchase of the US biotech firm AVEO Pharmaceuticals Inc. on Friday, which would strengthen its ant...

Korean grocery delivery platform Oasis set for February IPO

Korean grocery delivery platform Oasis set for February IPO

South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the country’s first...

PIF, GIC to invest $964 mn in Korea's Kakao Entertainment

PIF, GIC to invest $964 mn in Korea's Kakao Entertainment

Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...

Korean activist fund KCGI buys Meritz Asset Management

Korean activist fund KCGI buys Meritz Asset Management

A consortium led by Korea Corporate Governance Improvement Fund (KCGI), a local activist fund, said on Jan. 9 it signed a share purchase agreement l...

S.Korea’s IPO market sours as Kurly postpones listing

S.Korea’s IPO market sours as Kurly postpones listing

South Korea’s initial public offering market has soured as gourmet food delivery platform Kurly Inc. delayed its listing amid deteriorating in...

SK Networks completes acquisition of local EV charging platform operator

SK Networks completes acquisition of local EV charging platform operator

SK Networks Co., a South Korean general trading firm, said on Jan. 3 it has completed the acquisition of SS Charger Co., a leading electric car char...

Morning food delivery firm Oasis passes Kosdaq listing eligibility review

Morning food delivery firm Oasis passes Kosdaq listing eligibility review

Oasis Corp., which operates the early morning food delivery platform "Oasis Market," said it passed the eligibility review for listing at Kosdaq mar...

Hansol Chemical to enter bio industry with BiOCS acquisition

Hansol Chemical to enter bio industry with BiOCS acquisition

Hansol Chemical Co., a unit of South Korea’s paper-focused conglomerate Hansol Group, is expanding its business scope to biomaterials by acqui...

Korean PE firm Hahn & Co to sell used-car platform K Car

Korean PE firm Hahn & Co to sell used-car platform K Car

South Korean private equity firm Hahn & Co. is set to sell a majority stake in local used-car trading platform K Car Co. as its initial public o...

Baring PEA breaks $1 bn PI Advanced Materials buyout deal

Baring PEA breaks $1 bn PI Advanced Materials buyout deal

Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film manufacturer PI Adv...

MBK joins acquisition of $1.3 bn debts in Marelli from KKR

MBK joins acquisition of $1.3 bn debts in Marelli from KKR

MBK Partners Ltd., alongside Deutsche Bank AG and other four investment firms, has acquired $1.3 billion worth of distressed debts in auto-parts sup...

Hanwha Aerospace to launch 4 more Nuri rockets under $220 mn project

Hanwha Aerospace to launch 4 more Nuri rockets under $220 mn project

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is planning on four additional launches of the country’s first h...

Samsung Electronics acquires two global cloud security certifications

Samsung Electronics acquires two global cloud security certifications

Samsung Electronics Co. acquired two international certificates regarding cloud security, ISO 27001 and ISO 27017.South Korea's electronics giant an...

Eugene Group, Stonebridge Capital mull logistics firm Mesh acquisition

Eugene Group, Stonebridge Capital mull logistics firm Mesh acquisition

South Korean conglomerate Eugene Group, one of the largest construction materials suppliers in the country, is planning to acquire local logistics c...

Korea's Lotte Chem likely to raise $745 mn via rights offering

Korea's Lotte Chem likely to raise $745 mn via rights offering

South Korea’s Lotte Chemical Corp. is poised to decide to raise more than 1 trillion won ($745.4 million) of capital at its board meeting this...

Sale of Korean dental scanner maker Medit fails

Sale of Korean dental scanner maker Medit fails

The sale of South Korea's dental scanner manufacturer Medit will undergo a reset as the preferred bidder, a consortium led by GS Holdings and the US...

Firm dollar deters Korea Inc.’s overseas acquisition deals

Firm dollar deters Korea Inc.’s overseas acquisition deals

The firm dollar is causing South Korean companies to postpone or cancel their plans to buy overseas firms for future growth as the US currency&rsquo...

Korea Investment & Securities and Stifel Financial form joint venture 

Korea Investment & Securities and Stifel Financial form joint venture 

Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...

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 GEPS taps former KB Asset chief risk officer as new CIO Affinity Equity nets $220 mn from block sale of Shinhan Financial