Samsung’s Jay Y. Lee meets Vietnam's PM Phuc to discuss business ties
Samsung Electronics Co. Vice Chairman Jay Y. Lee met with Vietnam’s Prime Minister Nguyen Xuan Phuc on Oct. 20 to discuss ways to strengthen bus...
SK Hynix to buy Intel’s NAND business in $9 bn cash deal
SK Hynix Inc. has signed a 10.3 trillion won ($9 billion) all-cash deal to buy Intel Corp.’s NAND memory chip business that will propel the Sout...
CJ Logistics, NPS eye sell-off of Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
CJ Logistics, NPS eyeing to sell Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
CJ Logistics, NPS eye sell-off of Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
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...
Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off
Global investment banks are scrambling to win IPO mandates for LG Chem Ltd.’s battery business, which the South Korean company plans to hiv...
BTS' Big Hit focuses on sustainable fandom-based business model
Big Hit Entertainment Co., behind the K-pop idols BTS, is switching its focus to online concerts, merchandise and character businesses from offline pe...
SK sells 4.6% in Asian logistics property developer ESR for $408 million
South Korea’s SK Corp. has sold part of its stake in ESR Cayman Ltd., an Asian logistics real estate developer, for 480 billion won ($408 millio...
LG Chem to spin off battery business as wholly owned subsidiary
LG Chem Ltd. will spin off its secondary battery business into a wholly owned subsidiary in a move to foster its automotive battery business, accordin...
Korean chipmakers rewrite China business strategy amid US trade ban
South Korean chipmakers and display manufacturers will lose a major client in China when US trade sanctions targeting the technology giant Huawei Tech...
Teachers' savings fund to invest $85 mn in Amazon logistics center in US
The Korean Teachers’ Credit Union (KTCU) will invest 100 billion won ($85 million) in a pre-completed logistics center leased to Amazon.com in D...
Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US
Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...
Samsung to make Nvidia’s latest gaming chips in stepped-up foundry business
Samsung Electronics Co. will manufacture Nvidia Corp.’s latest gaming chips as the South Korean tech giant aims to expand its presence in the fo...
Korean ESS companies ramp up overseas business eyeing 40% revenue hikes
South Korean tech heavyweights Samsung SDI Co. and LG Chem Ltd. are expected to expand their market share as they secure hefty energy storage system (...
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 ...
CJ Logistics seeks to sell construction business; Credit Suisse named as advisor
CJ Logistics Corp. is seeking to sell its profit-making construction business as part of its parent group’s restructuring scheme.The logistics s...
KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report
KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...
Samsung ramps up foundry business as manufacturer of IBM's 7nm CPU
Global electronics giant Samsung Electronics' foundry plant is set to manufacture IBM's POWER10 Processor -- the company's first 7-nanometer...
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...
Tiger Alternative near closing $247 mn Home Depot logistics center deal: report
Tiger Alternative Investors Co. Ltd. is in the final stages of negotiations to acquire a new distribution center in Texas for $247 million, now leased...
Hanwha taps into ESS business by acquiring 100% stake in US-based Geli
Hanwha Q CELLS has acquired a 100% stake in the energy software company Growing Energy Labs, Inc (Geli) in a move to step up its energy business in th...
Korean game platform seeks $323 mn IPO in non-contact business boom
Kakao Games Corp., a unit of South Korea’s top mobile messaging app operator, is seeking to raise up to 384 billion won ($323 million) from an i...
Korean logistics centers see high demand from untact businesses amid global pandemic
Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...
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 ...
Korean Air to sell in-flight business to Hahn & Company for about $840 mn
Korean Air Lines Co. Ltd. has tentatively agreed to sell its in-flight duty free and meal service units to the country's second-largest private equity...
Midas Asset acquires German logistics portfolio for $217 mn
Seoul-based Midas Asset Management has acquired three logistics assets in Germany, including an Amazon-leased facility, for 200 million euros ($217 mi...
Canada and Dutch pension funds to launch $1 bn Korean logistics JV with ESR
Canada Pension Plan Investment Board (CPP Investments), the Netherlands’ APG and China’s logistics property developer ESR have agreed to s...
POBA to commit $111 mn to AXA’s $1.6 bn Europe logistics fund
The Public Officials Benefit Association (POBA) will commit around 130 billion won ($111 million) to AXA Investment’s 1.4 billion euro ($1.6 bil...
POBA, PFA, Patrizia co-invest in Europe’s $1.3 bn logistics portfolio
The Public Officials Benefit Association (POBA), Danish pension fund PFA and real estate investment firm Patrizia AG have co-invested 800 billion won ...
