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[THE INVESTOR] VIG Partners said on Nov. 30 it has signed a deal to become the largest shareholder of Bonchon International, the Seoul-based hansik franchise best known for its Korean-style friend c...
[THE INVESTOR] Ascendas Hospitality Trust, also known as A-HTRUST, announced on Nov. 29 that it is acquiring Ibis Ambassador Seoul Insadong for 77.5 billion won (US$69.18 million). This is the Sing...
[THE INVESTOR] Mirae Asset Management plans to sell its Taiwanese unit to Amundi Asset Management, according to industry sources on Nov. 26. The firm reportedly signed a sale and purchase agreement...
[THE INVESTOR] LF Group said on Nov. 22 it is acquiring a majority stake in the country’s third-largest realty trust KORAMCO REITs & Trust. The Korean fashion group will pay 189.8 billion won (US...
[THE INVESTOR] A POSCO Engineering & Construction-led consortium has been selected as the preferred bidder for a 600 billion-won (US$533 million) project to build a gas-fired combined cycle power pl...
[THE INVESTOR] Naver-owned mobile messenger app Line on Oct. 29 said its subsidiary Line Financial Asia has acquired a 20 percent stake in the Indonesian unit of KEB Hana Bank, in a bid to expand it...
[THE INVESTOR] Korean private equity firm STIC Investments has recently signed a share purchase deal worth 104 billion won (US$90.90 million) with Big Hit Entertainment, the agency behind K-pop sens...
[THE INVESTOR] Dasan Zhone Solutions, the US subsidiary of Korea’s Dasan Networks, on Oct. 10 said it is acquiring Keymile, a German manufacturer of broadband access solutions, for 10.25 million eur...
[THE INVESTOR] Hyundai Department Store Group, a major Korean retailer, said on Oct. 5 it has agreed to take over a local construction material maker for 368 billion won (US$325.30 million) in a bid...
[THE INVESTOR] Kakao Pay, mobile messenger giant Kakao’s payment subsidiary, on Oct.1 said it has acquired local midsized brokerage firm Baro Investment & Securities in a move to expand its financia...
[THE INVESTOR] LS Cable & System said on Oct. 1 it has signed a deal to supply high voltage cables to Denmark‘s state-run power firm Orsted by 2021. Some 350 kilometers of onshore high voltage c...
[THE INVESTOR] Korean auto parts maker Hanon Systems on Sept. 21 said it is acquiring Canada-based Magna International’s fluid pressure and controls business for US$1.23 billion. Magna’s business, ...
[THE INVESTOR] SK Networks, the nation’s second largest car rental provider, said on Sept. 19 it is considering the acquisition of its smaller rival AJ Rent-a-car, but adding nothing has been decide...
[THE INVESTOR] A consortium led by KCC, one of Korea’s leading makers of building materials, will sign a deal on Sept. 13 to acquire US silicone maker Momentive Performance Materials, a company sour...
[THE INVESTOR] Shinhan Financial Group announced on Sept. 5 that it will acquire majority stake in Orange Life Insurance, formerly known as ING Life Insurance Korea, for 2.29 trillion won (US$2.04 b...
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‘Blockchain, there’s no turning back’
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S. Korea-Japan trade feud disrupts Samsung’s Galaxy Note production
Wengie’s agent says K-pop formula can boost global music industry
July 17, 2019
