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South Korean hypermarket chain Homeplus announced on March 14 that it had withdrawn plans to list its real estate investment trust to raise up to 1.7 trillion won ($1.50 billion).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...
Daewoo Shipbuilding & Marine Engineering said on Feb. 25 it has received a US$380 million order to build two liquefied natural gas-carrying ships. Under the deal with Maran Gas Maritime, the gas shi...
Kakao, Netmarble Games and a couple of leading private equity funds participated in a preliminary bid for Korea’s largest game developer, Nexon, industry sources said Feb. 22. Initially, the deal --...
Three Korean investment banks were found to have joined a consortium that is set to own a 33.3 percent stake in Cross London Trains. Led by Dalmore Capital and Equitix Investment Management, the con...
Korea’s largest private equity fund MBK Partners has been selected as the preferred bidder to acquire global chocolatier Godiva’s operations in the Asia-Pacific region, from Turkish firm Yildiz Holdi...
Samsung Heavy Industries said on Feb. 21 that it has clinched a deal worth a combined 870 billion won (US$774 million) to build four liquefied natural gas carriers. The contract was made with an Ame...
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
