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...

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...

Sale of Korean game firm cancelled in lack of strategic buyers

The planned sale of the parent company of South Korea’s biggest online gaming firm Nexon Co. Ltd., was abruptly cancelled after it failed to narrow th...

PGIM to secure $60 mn from Seoul office sale to Keppel

PGIM Inc., the asset management arm of US-based Prudential Financial Inc., is set to pocket about 70 billion won ($60 million) in capital gains from i...

KIC reaps $48 mn from London office building sale

Korea Investment Corporation (KIC) has secured 37 million pounds ($48 million) in proceeds from the recent 107 million-pound sale of a London office b...

Unison Capital puts bubble tea franchise Gong Cha up for sale

Private equity firm Unison Capital Inc. has put bubble tea franchise Gong Cha on the market, a deal estimated at up to $442 million, as the South Kore...

Korean REIT nets $31 mn from Tokyo property stake sale

JR AMC Co. Ltd., a real estate investment trust manager in South Korea, has recently disposed of its stake in a luxury office building in central Toky...

Meritz Sec nets $42 mn from uncompleted Zalando office sale

Meritz Securities Co. Ltd. has reaped 37 million euros ($42 million) in proceeds from a recent sale of a new headquarters of German online retailer Za...

Vietnam’s Vingroup raises $400 mn from new stock sale to Hanwha Asset

Vingroup JSC, Vietnam’s largest conglomerate, has issued convertible preferred shares to raise $400 million in a private placement to South Korea’s Ha...

Hanwha insurance arms net $75 mn from City of London property sale

Two insurance units of South Korea’s Hanwha Group have earned about £57.4 million ($75 million) in capital gains from its £159.2 million investment in...

Korean fund set to log double-digit return from sale of German tower

South Korean institutional investors, including the Teachers’ Pension and insurance companies, are set to reap a profit of more than €106 million ($12...

Carlyle to consolidate Seoul office, putting ADT Korea back up for sale

The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men gro...

Samsung’s property fund reaps $84 mn profit from sale of London office building

A real estate fund of South Korea’s Samsung SRA Asset Management Co. Ltd. has secured 100 billion won ($84 million) in capital gains from the sale of ...

ABCP issues backed by Chinese bank deposits seen to top corporate bond sales in Korea

South Korean pension and savings funds are piling into short-term notes backed by time deposits at Chinese banks, lured by higher deposit rates from C...

KIC posts worst annual return in 4 years, hit by strong dollar

- Sluggish equities and bond markets, firmer dollar dent 2015 returns - Traditional assets outperform benchmark offered by finance ministry and BOK...

KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale

The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., the co...

S.Korea to allocate 70% of annual R&D budget to 11 core tech areas

The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in 11 core industrial...

Samsung’s foundry business sales proportions

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US visa quotas hamstring Korean manufacturers’ US expansion

South Korean manufacturing companies have tripled investments in building plants in the US over the past three years, but labor shortages are slammi...