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Woori Financial Group announced on April 3 that it has signed a memorandum of understanding with family-owned Kukje Trust’s major stakeholders to acquire it. Woori Financial Group Chairman Sohn Tae...
Woori Financial Group, one of South Korea’s five financial holding companies, is poised to become the new owner of Tongyang Asset Management and ABL Asset Management, subsidiaries of two Anbang Insur...
Woori Financial Group and NongHyup Financial Group may end up vying to acquire Kukje Trust as both are looking to add a property asset trust arm. Woori Financial Group Chairman Sohn Tae-seung (left)...
For decades, lawyer Yoon Hee-woong has built his career providing legal advice for corporations. Since joining the South Korean law firm Yulchon in 2000, he has been paving the way for large busines...
LG Electronics CEO Jo Seong-jin recently conceded that as a newcomer in the mergers and acquisitions market in 2015, the firm had a tough time acquiring a stake in family-owned Austrian headlight ma...
South Korean hypermarket chain Homeplus announced on March 14 that it had withdrawn plans to list its real estate investment trust to raise up to 1.7 trillion won ($1.50 billion). An interior view o...
Two years after Iran’s South Kaveh Steel stopped short of acquiring Dongbu Steel , shareholders of the debt-ridden steelmaker are hoping for another chance to exit. On March 4, the bidding for Don...
Seoul-based IMM Private Equity has agreed to buy a 100 percent stake in Linde Korea for roughly 1.3 trillion won (US$1.15 billion), according to industry sources on March 8. A Linde Korea's producti...
Kyobo Life Insurance, South Korea's third-largest life insurance firm, denied rumors on March 7 that Chairman Shin Chang-jae is considering selling off stakes held by him and financial investors to a...
Mergers and acquisitions by Korean firms rose in 2018 from a year earlier as they sought to realign their business portfolios and find new growth engines, the antitrust watchdog said on March 5. ...
Potential buyers of controlling stake in Korean-Japanese gaming giant Nexon have been shortlisted through a preliminary bidding process, according to news reports on March 4. Related: Amazon, Comca...
Doosan Infracore, Korea’s top construction equipment maker, said on March 4 that it has clinched a series of deals from Saudi Arabia and Uzbekistan to provide excavators and wheel loaders. Recently,...
CJ CheilJedang on Feb, 28 denied rumors that it is considering buying US ingredient and flavor solutions provider Prinova Group, in a deal roughly estimated to cost 1 trillion won (US$889.44 million...
Amazon.com, Comcast and Electronic Arts have joined the race for Korean game company Nexon, local business newspaper Maeil Business reported on Feb. 28. “In addition to the companies already known t...
Hana Alternative Asset Management has reportedly acquired bonds worth a 60 billion won (US$53.60 million) to finance the EchelonSeaport construction project in the US to become the first Korean entit...
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July 16, 2020
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