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The main creditors of South Korean steelmaker Dongbu Steel have agreed on 360 billion won ($305.4 million) investment from a KG Group-led consortium, preceded by a share capital reduction and debt-...
Hyundai Rental Service has decided to raise 10 billion won ($8.5 million) from subsidiaries of Hana Financial Group, the banking giant said on June 4. Hana Ventures, a corporate venture capital arm ...
Five companies including Kakao and Netmarble have joined the final bid for game giant Nexon, industry sources said on June 3. The bid to buy a majority stake in NXC, the holding company of Nexon Jap...
DGB Financial Group’s dividend per share is expected to rise following the sale of its indirect subsidiaries Hi Asset Management and Hi Investment & Futures, analysts said on June 3. Its potential n...
China International Capital Corp, China’s leading investment bank, is set to invest 5 billion won ($4.2 million) in South Korea’s largest secondhand goods platform Joonggo Nara, the Hankuk Business D...
Igis Asset Management, South Korea’s largest property investment firm by assets under management, gained regulatory approval for an ownership transfer on May 29. The news cleared the hurdles ahead o...
Aekyung Group, which offers consumer goods to low-cost carriers, appears to be joining the race to buy Asiana Airlines, according to market watchers on May 29. “We’ve been mulling the idea (of acqui...
Samsung SDS has pledged to buy 25 percent stake in CMC, Vietnam’s leading information technology service provider, the Korean firm said on May 27. After gaining approval from CMC shareholders, the i...
Retail giant Lotte Group’s South Korean holding company Lotte Corp. has agreed to sell a majority stake in its credit card arm Lotte Card to a consortium comprising MBK Partners and Woori Bank. Ac...
South Korea’s biggest corrugated fiberboard makers Tailim Packaging and Tailim Paper are up for sale, according to industry sources on May 23. Seoul-based private equity firm IMM PE, the largest sha...
South Korean retail firm E-Land World said on May 3 it has signed a stock purchase agreement with Xtep International Holdings to sell its subsidiary K-Swiss for 300 billion won ($260 million). The d...
Two Seoul-based private equity firms have been selected as the most preferred bidders for the respective acquisition of South Korean-Japanese conglomerate Lotte Group’s nonbanking financial arms Lot...
South Korea’s catering and food service firm CJ Foodville said on April 30 that it has decided to sell 45 percent stake in coffeehouse franchise A Twosome Place for 202.5 billion won ($173.3 million)...
Woori Financial Group said on April 30 it will join the race to take over Lotte Card by teaming up with MBK Partners, South Korea’s largest private equity firm by assets under management. In the ne...
Seoul-based brokerage house Hanwha Investment & Securities said on April 29 that it has bought a 90.05 percent stake in Hanoi-based online stock brokerage company HFT Securities for some 5 billion ...
Non face-to-face food ordering services popular amid social distancing trend
SendBird boosts in-app API with voice, video functions
Hosts angry at Airbnb for COVID-19 policies
NPS contemplates stance on fate of Hanjin KAL chairman
Kakao’s co-CEOs to serve another 2-year term
Remote work culture finally takes off in Korea, but will it stick?
SmartStudy revenue soars fueled by overseas performance
Brokerages on risky structured bets to take quick breather
March 29, 2020
