IMM PE seeks to exit Korean power cable maker

IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co. up for sale to exit its investment of close to $300 mill...

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...

Korean brokerage firms sitting on $7 bn in overseas properties yet to sell down

South Korean brokerage firms, having scooped up $20 billion worth of overseas real estate deals over the past three years, are now saddled with $7 bil...

Shinhan Bank sells $285 mn in Australian-dollar social bonds

Shinhan Bank has raised A$400 million ($285 million) in five-year bonds denominated in the Australian dollar to fund lending to pandemic-hit companies...

Korean Air seeks to sell 73-story skyscraper amid financial woes

Korean Air Lines. Co. is reaching out to overseas investors to gauge their interest in acquiring Wilshire Grand Center, a landmark building in Los Ang...

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...

Hyundai Capital sells $2.5 bn dollar bond; Tongyang Life issues $300 mn perpetual bond

Hyundai Capital America, the US capital arm of Hyundai Motor Group, has issued $2.5 billion worth of global bonds, the largest amount for a local comp...

Korean pensions sell off net $2.6 bn in domestic equities since August

South Korea’s pension funds including the National Pension Service sold off a net 3.12 trillion won ($2.6 billion) worth of domestic equities fr...

Export-Import Bank of Korea sells $500 mn euro bonds with negative yield

The Export-Import Bank of Korea (KEXIM) has issued euro-currency bonds worth $500 million at a negative interest rate, the bank said on Sept. 15, less...

South Korea sells $827 mn worth of euro-currency bonds with negative yield

The South Korean government has issued euro-denominated bonds worth 700 million euros ($827 million) at a negative interest rate, becoming the first n...

IMM PE to sell Hollys Coffee to Korean chemical-to-steel group

Seoul-based IMM Private Equity is in the final stages of talks to sell South Korea’s Hollys Coffee to the country’s chemical- to steel-foc...

Korea state agency to sell up to 10% Woori Financial stake in block deal

The Korea Deposit Insurance Corp. (KDIC) has resumed the ongoing sale process of its 17.25% stake in Woori Financial Group in four years. It will offe...

PAG inks $127 mn deal to sell Tobots-maker Young Toys to MiraeN, 2 local PEFs

Hong Kong-based investment firm PAG has agreed to sell South Korean toymaker Young Toys Inc. to a consortium led by local education service provi...

Korean govt extends ban on short selling to appease retail investors

The South Korean government has decided to extend the ban on short selling for another six months -- from September 16 to March 15, 2021 -- promp...

South Korean govt likely to extend short-selling ban on resurging coronavirus concerns

The South Korean government is leaning toward extending the six-month ban on short selling amid a climate of economic uncertainty, said Finance Minist...

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...

Korea’s ruling party seeks to extend short-selling ban, revise relevant rules

South Korea’s ruling party is pursuing an extension of the temporary short-selling ban set to expire mid-September. It is simultaneously prepari...

Rights offerings, IPOs could suffer if government lifts short-selling ban

While the market awaits the government's final decision on whether to extend its temporary ban on short selling, the investment banking industry is ex...

Market keeps close watch on Korea's short-selling ban decision

Korea’s six-month ban on short selling is set to expire on September 15, fueling market chatter whether or not the country’s financial wat...

Seoul apartments’ average selling price tops 1 billion won for first time

The average selling price of apartment units in Seoul has surpassed the psychologically important 1 billion won ($845,000) mark for the first time, al...

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...

Baring PE Asia poised to sell Korean parcel delivery firm for $250 mn

Baring Private Equity Asia is in the final stages of talks with a South Korean private equity firm to sell the country’s No. 4 parcel delivery c...

US hedge fund calls on Korean Air to sell baggage handling unit

A US hedge fund with a stake in Korea Airport Service Co. Ltd. (KAS), a majority owned by Korean Air Lines Co. Ltd., is calling on the carrier to sell...

Korean Air may sell core assets estimated at $2.4 bn to ease cash crunch

Hanjin Group, parent of Korean Air Lines Co. Ltd., is considering selling three core businesses of the carrier -- in-flight meal service, mileage prog...

Prudential to sell Korean unit to KB Financial for $1.9 bn

Prudential Financial Inc. has decided to sell its South Korean insurance arm to KB Financial Group for about 2.3 trillion won ($1.9 billion) and will ...

Mirae Asset to sell up to $600 mn global debt for investment

Mirae Asset Daewoo Co. Ltd. plans to issue a global bond worth $500 million to $600 million as early as April for the third year of offshore debt sale...

Elliott sells off over $1 bn shares in Hyundai Motor, two affiliates in two yrs

Elliott Management Corp. has disposed of all its shares in three key units of the Hyundai Motor Group, currently worth $1.5 billion, after its nearly ...

Prudential seeks to sell Korean insurance arm in estimated $2 bn deal

Prudential Financial Inc. has put its South Korean life insurance arm on the market, as the US insurance giant is seeking to shed part of overseas ass...