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Hong Kong-based private equity firm PAG will acquire Grand Hyatt Seoul, according to sources Nov. 20. The five-star hotel, which opened in 1978, is located in Yongsan District and has 615 rooms, wit...
Seoul-based Korea Investment Holdings plans to transfer its stake in South Korea’s leading neobank, Kakao Bank, to its subsidiary Korea Investment Value Asset Management and internet giant Kakao ...
South Korea’s cinema chain CJ CGV said Nov. 18 its Hong Kong-based subsidiary has agreed to raise $286 million from a consortium of private equity firm MBK Partners and investment bank Mirae Asset ...
South Korea’s food-to-entertainment conglomerate CJ Corp . said Nov. 15 that it has no plans to sell its health and beauty subsidiary, CJ Olive Young, which runs a chain of drugstores. “We are not...
Kanglim , a Korean manufacturer of cranes and other material handling equipment, said Nov. 13 it would buy a controlling stake in women’s underwear maker Namyeung Vivien ’s for 53.8 billion won ($...
KEB Hana Bank said Nov. 11 that it has become the second-largest shareholder of Bank for Investment and Development of Vietnam, the Southeast Asian country’s largest bank by assets. South Korea’s th...
A consortium led by Hyundai Development Co. , has been selected as the preferred bidder for purchasing majority stake in Asiana Airlines , its largest shareholder Kumho Industrial said Nov. 12....
Kendall Square Asset Management has acquired Amazon’s logistics center in Prague, a local business daily reported Nov. 11. “The company paid 180 billion won ($155 million) for the logistics center l...
South Korea’s antitrust watchdog Fair Trade Commission on Nov. 8. gave the greenlight for LG Uplus ’ takeover of cable TV operator CJ Hello , enabling the mobile carrier to capitalize on its pay-...
The Fair Trade Commission said Nov. 8 that it has conditionally approved two separate merger and acquisition deals, one led by SK Telecom and the other by LG Uplus , reshaping the local pay TV in...
Macquarie PE, a global private equity fund operator, has been chosen as the preferred bidder in the race to acquire LG CNS, an IT system unit of LG Group. In the bid that other global heavyweights s...
Based on the earnings of SK Networks’ gas station business last year, it may appear to be an unattractive deal to buy it for as much as 1.5 trillion won ($1.29 billion). The business unit only made ...
South Korea’s private equity firms have joined a final bidding round for SKC Kolon PI ’s controlling stake Nov. 4 amid market concerns about overpricing. Those joining the round include Hahn & Co....
Australian private equity fund Macquarie is poised to acquire South Korea’s Daesung Industrial Gases from MBK Partners, local business newspaper Hankuk Business Daily reported on Nov. 3. Macquarie i...
Ulsan-based lifeboat maker HLB said Nov. 1 it will inject $161 million into its wholly-owned US subsidiary HLB USA by Nov. 5. This is part of HLB USA’s planned merger with Salt Lake City-based bio...
BlackRock sells some of Coway stake
Dunamu’s Q1 profit likely to exceed market expectations on surging coin trades
Shinhan Asset to shy away from domestic equities with low ESG scores
Concerns rise as more young Koreans dip their toes into crypto market
[Feature] Korea’s aging society faces burden of rising debts, heavy taxes
Korea’s coal power plants to lose profitability before lifetimes end: study
17 Korean startup founders named Forbes‘ young innovators
Kospi hits fresh high on foreign, institutional buying