SK Hynix to buy Intel’s NAND business in $9 bn cash deal

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...

BTS ushers in new paradigm for online concerts

BTS ushers in new paradigm for online concerts

South Korea’s seven-member boy band BTS has had many firsts over the years. They were the first Korean band to perform at the legendary Wembley ...

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

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...

Samsung creeps up on Apple in US online smartphone sales

Samsung creeps up on Apple in US online smartphone sales

Samsung Electronics Co. has sharply narrowed its gap with Apple Inc. in the US online smartphone market during the second quarter of this year to arri...

Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off

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

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...

LG Chem to spin off battery business as wholly owned subsidiary

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

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...

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...

Online retailer TMON eyes $337 mn from Korean PEF ahead of 2021 IPO

Online retailer TMON eyes $337 mn from Korean PEF ahead of 2021 IPO

South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, will likely receive 400 billion won ($3...

Online portal Naver steps up Europe startup investment against US, China

Online portal Naver steps up Europe startup investment against US, China

South Korea’s largest internet portal Naver Corp. has committed 110.4 billion won ($93 million) to two Europe-focused startup funds since late l...

Korean ESS companies ramp up overseas business eyeing 40% revenue hikes

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 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 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...

Samsung ramps up foundry business as manufacturer of IBM's 7nm CPU

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 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...

Hanwha taps into ESS business by acquiring 100% stake in US-based Geli

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...

TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale

TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale

The US private equity firm TPG Capital and South Korea’s top Internet portal Naver Corp. have participated in preliminary bidding for a pre-IPO ...

Korean game platform seeks $323 mn IPO in non-contact business boom

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

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

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 ...

Why Korean online giants Kakao and Naver soar amid global pandemic

Why Korean online giants Kakao and Naver soar amid global pandemic

Shares of South Korean online giants Kakao Corp. and Naver Corp. recorded all-time highs last week, ahead of their quarterly earnings results and on e...

Korean Air to sell in-flight business to Hahn & Company for about $840 mn

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...

Bain Capital to invest $123 mn in South Korean online education startup

Bain Capital to invest $123 mn in South Korean online education startup

ST Unitas, known for English test and civil service exam preparation classes in South Korea, will receive around 150 billion won ($123 million) in inv...

KKR hires Macquarie Korea’s exec for infrastructure business

KKR hires Macquarie Korea’s exec for infrastructure business

KKR & Co. has hired a key investment manager of Macquarie Korea in a new hire of senior staff to expand Asia infrastructure business. Keith Kim, ...

Blackstone, Temasek’s Mapletree in $700 mn auction for Samsung Town office

Blackstone, Temasek’s Mapletree in $700 mn auction for Samsung Town office

The Blackstone Group and Temasek-backed Mapletree Investments are competing with South Korean asset managers and brokerage firms in the auction for Sa...

Korean firms to buy stake in UK gas business for $356 mn in secondary investment

Hanwha Life Insurance Co Ltd., Hyundai Marine & Fire Insurance Co. Ltd. and other South Korean institutional investors will jointly acquire a 4.7%...

Hanwha Life, scientist fund to put $230 mn into UK gas business bid

Hanwha Life, scientist fund to put $230 mn into UK gas business bid

South Korea’s Hanwha Life Insurance Co. Ltd. and a scientists’ savings fund will commit a total of 185 million pounds ($230 million) to a project fund...

Glenwood PE puts Korean dishwasher maker up for auction

Glenwood PE puts Korean dishwasher maker up for auction

A consortium of South Korea-based Glenwood Private Equity and NH PE have sent teaser letters to potential buyers of Tong Yang Magic, in a shift from i...

[Interview] Korea savings fund for small business owners mulls offshore blind fund investment in 2016

[Interview] Korea savings fund for small business owners mulls offshore blind fund investment in 2016

South Korea’s Yellow Umbrella Mutual Aid is flexing its muscle to expand overseas alternative assets, including blind funds, in line with a rapid ...

Vietnam’s top leader to make first South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue S.Korea’s Bebesup earns China nod for baby skincare, eyes global expansion