Daewoo E&C up for sale; in talks with local PEF over $1.58 bn deal

Daewoo Engineering & Construction Co. is up for sale as its main creditor hopes to cash out of the South Korean builder on the back of its impro...

Naver, E-Mart in share swap talks ahead of Coupang's US IPO

South Korea’s largest online platform Naver Corp. has tentatively agreed to swap its shares with E-Mart Inc., Shinsegae's supermarket chain, a...

Korean Air raises $2.9 bn in largest-ever share issue by Korean firm

Korean Air Lines Co. has raised 3.32 trillion won ($2.9 billion) from a new share sale as planned in the the largest-ever rights offering by a domes...

SK Hynix to unveil industry’s smallest pixel image sensor, eyes $24.9 bn market

Leading global chipmaker SK Hynix Inc. plans to unveil the industry’s smallest 0.7-micrometer pixel image sensor this year to enhance its pr...

E-commerce platform TMON raises $276 mn in pre-IPO share sale

South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, has completed its pre-IPO share sale ...

SK E&S to sell 49% stake in city gas businesses; valued over $900 mn

South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...

SK E&S to sell 49% stake in city gas businesses; valued over $895 mn

South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...

GC Lab Cell, Artiva ink $1.9 bn deal with MSD

South Korea-based biotechnology company Green Cross Lab Cell Corp. (GC Lab Cell) and its US-based subsidiary have inked a $1.9 billion deal to expor...

Hyundai Steel receives $1.9 bn in orders for green bonds

South Korea-based Hyundai Steel Co. received around 2 trillion won ($1.9 billion) worth of orders in Monday's bookbuilding for its green bond issue,...

KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea

The Korean Teachers’ Credit Union (KTCU) and financial services firms in South Korea have committed $130 million to KKR & Co.’s inau...

E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea

E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sa...

Daewoo E&C wins $3.1 bn in orders from Iraq, Mozambique

Daewoo Engineering & Construction Co. has racked up two orders totaling $3.1 billion from Iraq and Mozambique to build a port and an LNG train, ...

Hyundai Motor unveils all-new electric vehicle platform E-GMP

Hyundai Motor Co. has unveiled a new platform, which will underpin its electric vehicles in coming years as South Korea’s largest automotive g...

Amazon, SK Telecom join hands in Korea e-commerce market

SK Telecom Co. and online retail giant Amazon.com have agreed to team up in South Korea’s e-commerce market, in a deal that could lead to cross-...

Hyundai seeks cut in $1.9 bn Daewoo Shipbuilding deal price

Hyundai Heavy Industries Holdings Co. is seeking to cut the 2.1 trillion won ($1.9 billion) acquisition price for a majority stake in South Korean riv...

Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains

South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...

SK Hynix’s $9 bn Intel NAND deal ‘not overvalued’: CEO

SK Hynix Inc.’s $9 billion deal to acquire Intel Corp.’s NAND memory chip business is not overvalued as the price tag reflects the US firm...

Samsung heirs’ $9 bn tax bill may lead to share sale, weak control

The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...

GS E&C challenges Hyundai Heavy in Doosan deal

GS Engineering & Construction Co. (GS E&C) has joined the bidding for a stake in Doosan Infracore Co. after the bid submission deadline, a mov...

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...

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...

Studio Dragon sets sights overseas, $3.4 bn market cap possible: analyst

South Korea’s leading drama producer Studio Dragon Corp. is expected to post handsome earnings in coming years, boosted by a steady stream of jo...

Kospi's 12-month P/E ratio hits a 13-year high

Kospi has posted a 13-year high with 12-month forward price-earnings ratio recording 12.84 times on August 6, according to financial data provide...

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 ...

Brookfield completes $1.9 bn debt refinancing on IFC Seoul

Brookfield Asset Management Inc. has borrowed an additional 475 billion won ($402 million) on International Finance Center in Seoul (IFC Seoul) in a 2...

KKR, NPS to invest $700 mn in $1.9 bn Seoul real estate project

Private equity firm KKR & Co and South Korea’s National Pension Service (NPS) will make an equity investment of 800 billion won ($704 million) in ...

Goldman taps retirement funds to resell $178 mn loan to Korea e-commerce firm

Goldman Sachs’ Special Situations Group (SSG), which invests in and lends to distressed companies, is in talks with South Korean retirement savings fu...

[Interview] CVC keen on e-commerce, healthcare, consumer brands in Korea

CVC Capital Partners is interested in electronic commerce, healthcare and services sectors in South Korea because of their growth potential, and willi...

Korean funds to invest $295 mn in Asian warehouse developer e-Shang: report

South Korean institutional investors will buy about 350 billion won ($295 million) worth of senior loans secured by distribution centers of Warburg Pi...

NPS, CIC joint fund invests in A$9.7 bn Australian port deal

South Korea’s National Pension Service (NPS) has invested A$500 million in a deal of securing a 50-year-lease on Australia’s biggest container and car...