Deals

Mergers & Acquisitions
MBK, Unison agree on tender offer for Korea’s Osstem Implant
MBK Partners, a leading Asian private equity firm, and Unison Capital Korea agreed on a tender offer to acquire management rights of Osstem Implant Co., the world’s fourth-largest dental implant maker, for up to 2.1 trillion won ($1.7 billion
Jan 25, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Woori Financial to acquire VC firm Daol Investment
South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...
Jan 18, 2023 (Gmt+09:00)
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Petrochemicals
Kolon, Hyosung to give up control over nylon material maker Capro
South Korea’s Hyosung Group and its longtime rival Kolon Group in the fiber, textile and petrochemical businesses are poised to give up their ...
Jan 17, 2023 (Gmt+09:00)
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IPOs
Korean grocery delivery platform Oasis set for February IPO
South Korean grocery delivery platform Oasis Corp. aims to raise up to $166 million through a listing next month, becoming the country’s first...
Jan 13, 2023 (Gmt+09:00)
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Banking & Finance
Kookmin Card acquires Cambodian leasing firm at $5.2 mn
KB Kookmin Card, a credit card unit of KB Financial Group, and its Cambodian local subsidiary KB Daehan Specialized Bank, acquired the Southeast Asi...
Jan 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Orchestra PE acquires KFC Korea for about $50 mn
Asia-focused Orchestra Private Equity agreed on Wednesday to buy a 100% stake in the South Korean operations of fast food chain KFC for around 60 bi...
Jan 12, 2023 (Gmt+09:00)
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Pre-IPOs
PIF, GIC to invest $964 mn in Korea's Kakao Entertainment
Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...
Jan 12, 2023 (Gmt+09:00)
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Food & Beverage
PAG joins race to buy Korean burger chain Mom's Touch
Pacific Alliance Group (PAG), a Hong Kong-based alternative investment firm, joined the bidding on Jan. 10 to acquire a 100% stake in South Korean h...
Jan 11, 2023 (Gmt+09:00)
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Debt financing
SK Hynix issues $1 bn sustainability-linked bonds
South Korea’s SK Hynix Inc. has raised $1 billion in sustainability-linked bonds (SLBs) to become the world's first memory chipmaker to issue ...
Jan 11, 2023 (Gmt+09:00)
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Airlines
PE firm VIG Partners takes over Korean low-cost carrier Eastar
South Korean private equity firm VIG Partners has acquired a 100% stake in low-cost carrier (LCC) Eastar Jet Co., the asset manager said on Jan. 6. ...
Jan 06, 2023 (Gmt+09:00)
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Corporate bonds
POSCO to issue up to $553 million in unsecured bonds
South Korea's top steelmaker POSCO Holdings Inc. is expected to issue won-denominated unsecured bonds worth up to 700 billion won ($553.9 million) t...
Jan 06, 2023 (Gmt+09:00)
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Corporate restructuring
Korea’s Daol to sell another unit to secure liquidity
South Korea’s Daol Financial Group agreed to sell another unit as part of its efforts to raise money in preparations for a possible liquidity ...
Jan 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Privatization of Korea’s top container line HMM to gain traction
South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...
Jan 05, 2023 (Gmt+09:00)
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IPOs
S.Korea’s IPO market sours as Kurly postpones listing
South Korea’s initial public offering market has soured as gourmet food delivery platform Kurly Inc. delayed its listing amid deteriorating in...
Jan 04, 2023 (Gmt+09:00)
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Corporate investment
S.Korea Inc. ramps up cash reserves amid economic woes
South Korean companies are rushing to raise cash from the beginning of the new year amid growing concerns over a global economic downturn and market...
Jan 03, 2023 (Gmt+09:00)
1 Min read -
Electric vehicles
SK Networks completes acquisition of local EV charging platform operator
SK Networks Co., a South Korean general trading firm, said on Jan. 3 it has completed the acquisition of SS Charger Co., a leading electric car char...
Jan 03, 2023 (Gmt+09:00)
1 Min read -
Korean chipmakers
Applied Materials injects $40 mn in glass substrate maker Absolics
Applied Materials Inc., a global leading equipment and software supplier to semiconductor makers, has invested 51 billion won ($40.2 million) in Abs...
Jan 03, 2023 (Gmt+09:00)
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Corporate bonds
KT, E-mart warm up S.Korea's corporate bond market
South Korea's KT Corp. and E-mart Inc. are the frontrunners in the new year's corporate bond demand forecasts, attracting attention on if they can b...
Jan 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK signs $2 bn deal to acquire 3D dental scanner firm Medit
Asia-focused private equity firm MBK Partners is acquiring Medit Corp., the world’s third-largest 3D dental scanner maker, for 2.45 trillion w...
Dec 29, 2022 (Gmt+09:00)
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Chemical Industry
Solvay named preferred bidder to buy Solus Biotech
Belgian chemicals maker Solvay S.A. has been selected as the preferred bidder to acquire South Korean biomaterials maker Solus Biotech, according to...
Dec 29, 2022 (Gmt+09:00)
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Bio & Pharma
Korean biotechs target US labs to speed up regulatory approval for tests
South Korean molecular diagnostics companies are increasingly buying high-quality laboratories in the US that meet federal regulatory standards in a...
Dec 28, 2022 (Gmt+09:00)
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Private equity
Young Poong Precision to increase control over Korea Zinc
Young Poong Precision Corp., an industrial pump and chemical plant valve maker under South Korea's Young Poong Group, is aggressively increasing con...
Dec 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hansol Chemical to enter bio industry with BiOCS acquisition
Hansol Chemical Co., a unit of South Korea’s paper-focused conglomerate Hansol Group, is expanding its business scope to biomaterials by acqui...
Dec 27, 2022 (Gmt+09:00)
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Private equity
BASF, ADM join race to buy Korean ceramide maker Solus Biotech
BASF SE, the world’s largest chemical producer, US food processing giant ADM Co. and two other global companies have joined the race to acquir...
Dec 27, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai Home Shopping to divest rental unit for $107 mn
Hyundai Home Shopping Network Corp., a TV shopping channel operator owned by South Korea's Hyundai Department Store Group, said on Dec. 26 it will s...
Dec 26, 2022 (Gmt+09:00)
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Corporate restructuring
SK may sell assets in Vietnam, Malaysia to raise billions of dollars
South Korean conglomerate SK Group is considering selling some of its assets in Vietnam and Malaysia owned by its investment vehicle SK South East A...
Dec 25, 2022 (Gmt+09:00)
2 Min read -
Batteries
SFA to acquire 28% stake in CIS to lead renewable battery equipment sector
South Korea’s general equipment manufacturer SFA Engineering Corp. is poised to acquire CIS Corp., a renewable battery production equipment ma...
Dec 23, 2022 (Gmt+09:00)
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Regulations
S.Korea to introduce mandatory offer for takeover deals
South Korea is set to require a takeover bidder for a listed company to buy stakes held by small shareholders at the same price to be paid to a majo...
Dec 22, 2022 (Gmt+09:00)
3 Min read -
Mergers & Acquisitions
KKR to buy 100% stake in SK E&S' Busan City Gas for $561 mn
Private equity giant KKR & Co. is slated to buy a 100% stake in Busan City Gas Co., wholly owned by South Korean energy company SK E&S Co., ...
Dec 20, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Glenwood to sue Baring PEA over buyout deal cancellation
South Korea’s Glenwood Private Equity is set to take legal action against Hong Kong-based Baring Private Equity Partner over the cancellation ...
Dec 16, 2022 (Gmt+09:00)
3 Min read
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