Corporate restructuring
Corporate restructuring
Lotte Chemical nears offloading Pakistani unit as part of restructuring
Feb 17, 2025 (Gmt+09:00)
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Corporate restructuring
SK Ecoplant seeks to sell waste treatment business for $1.4 billion
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, is seeking to dispose of its waste treatment bu...
Feb 12, 2025 (Gmt+09:00)
3 Min read -
Corporate restructuring
Samsung Life, Samsung Fire sell $193 mn in Samsung Electronics shares
Samsung Life Insurance Co., South Korea’s largest life insurer, and Samsung Fire & Marine Insurance Co., the country’s No. 1 non-life...
Feb 12, 2025 (Gmt+09:00)
2 Min read -
Corporate restructuring
Samsung Life mulls putting Samsung Fire under its wing as subsidiary
Samsung Life Insurance Co., South Korea’s largest life insurer, is considering bringing Samsung Fire & Marine Insurance Co., the country&rs...
Feb 04, 2025 (Gmt+09:00)
3 Min read -
Corporate restructuring
POSCO seeks $1 bn restructuring amid weak steel, battery materials sectors
South Korea’s POSCO Holdings Inc. said on Monday it plans to sell 61 unprofitable and non-core assets to raise 1.5 trillion won ($1 billion) as...
Feb 04, 2025 (Gmt+09:00)
2 Min read -
Corporate restructuring
SK On to complete merger with SK Enterm on Feb. 1
Electric vehicle battery maker SK On Co. said on Friday it is set to complete a merger with crude oil storage tank operator SK Enterm Co. on Feb. 1 t...
Jan 31, 2025 (Gmt+09:00)
1 Min read -
Tech, Media & Telecom
KT to sell financial security unit for $59 mn for restructuring
South Korea’s KT Corp. is set to sell Initech Co., its Kosdaq-listed financial security unit, for 85 billion won ($59.1 million) as the leading...
Jan 23, 2025 (Gmt+09:00)
1 Min read -
Corporate bonds
Korean petrochemical sector to sell corporate bonds amid downturn
South Korea’s petrochemical producers are set to issue corporate bonds to take advantage of ample liquidity at the beginning of the year amid a...
Jan 14, 2025 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Yanolja launches NOL Universe after merging OTA platforms
SoftBank-backed Yanolja Co., South Korea’s top travel and accommodation booking platform operator, on Friday introduced a new platform called N...
Dec 27, 2024 (Gmt+09:00)
3 Min read -
Corporate restructuring
Doosan Robotics’ merger with Bobcat fails on share price plunge
Doosan Group on Tuesday canceled Doosan Bobcat Co.'s merger with Doosan Robotics Inc. again after President Yoo Suk Yeol’s failed martial law a...
Dec 10, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
NPS steps back from Doosan Robotics' Bobcat merger
The National Pension Service (NPS) appears to be stalling on a vote for Doosan Robotics Inc.'s merger with Doosan Bobcat Inc., with major proxy advis...
Dec 09, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
Lotte puts department store in Centum City, Busan on market
Lotte Shopping Co. has put one of its core department stores, Lotte Department Store Centum City in Busan, on the market in line with its parent grou...
Nov 22, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
Lotte Group denies liquidity crisis rumors to calm bond holders
Lotte Group on Thursday denied liquidity crisis rumors sparked by Lotte Chemical Corp.'s struggle to meet a bond redemption request after the South K...
Nov 22, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
S.Korea to restructure ailing petrochemical industry
South Korea plans to restructure the struggling domestic petrochemical industry amid intensifying competition with Chinese rivals and oversupply by e...
Nov 21, 2024 (Gmt+09:00)
3 Min read -
Corporate restructuring
Gaon Cable takes over LS Cable & System's US arm
Gaon Cable Co. said on Tuesday it has taken over the US arm of parent company LS Cable & System Ltd. to beef up its business of mid-to-low voltag...
Nov 19, 2024 (Gmt+09:00)
1 Min read -
Corporate restructuring
Shinsegae affiliate SSG.COM secures Olympus as new financial investor
Korean retail giant Shinsegae Group’s online shopping mall operator SSG.COM has secured Olympus, a special purpose company created by Korean ba...
Nov 14, 2024 (Gmt+09:00)
1 Min read -
Corporate restructuring
Korean steel giant POSCO to sell Chinese JV PZSS amid US-China trade war
South Korean steel giant POSCO Holdings Inc. is seeking to sell its entire stake in a Chinese stainless steel joint venture as it faces growing compe...
Nov 08, 2024 (Gmt+09:00)
4 Min read -
Corporate restructuring
Fila sportswear brand downsizes loss-making US business
South Korean-owned sportswear brand Fila said on Tuesday it scaled back its loss-making US business to improve earnings through a restructuring in No...
Nov 06, 2024 (Gmt+09:00)
1 Min read -
Corporate restructuring
SK Innovation-SK E&S merger creates Asia’s No. 1 energy supplier
SK Group on Friday launched the merged entity between SK Innovation Co. and liquefied natural gas supplier SK E&S Co., a key step in the energy-t...
Nov 01, 2024 (Gmt+09:00)
1 Min read -
Corporate restructuring
Lotte to liquidate rubber JV in Malaysia, sell overseas assets for $1 bn
South Korea’s No. 2 petrochemical manufacturer Lotte Chemical Corp. plans to liquidate its rubber joint venture in Malaysia to scale back its b...
Oct 25, 2024 (Gmt+09:00)
2 Min read -
Petrochemicals
HD Hyundai Oilbank to fully own HD Hyundai Cosmo for $104 mn
Saudi Aramco-backed HD Hyundai Oilbank Co. will acquire a 50% stake in money-losing HD Hyundai Cosmo Petrochemical Co. from Japanese chemical giant C...
Oct 25, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
NCSoft to spin off AI, game divisions into four units
NCSoft Corp., a leading South Korean game developer and publisher, said on Monday it will spin off its artificial intelligence R&D and game devel...
Oct 21, 2024 (Gmt+09:00)
1 Min read -
Corporate restructuring
Doosan to resume Bobcat, Robotics merger with new ratio
South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new mer...
Oct 21, 2024 (Gmt+09:00)
3 Min read -
Corporate restructuring
Samsung to cut chip executive jobs, restructure in battle versus SK Hynix
Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete ...
Oct 10, 2024 (Gmt+09:00)
4 Min read -
Corporate restructuring
Korea’s E-Mart to delist troubled building unit for restructuring
South Korea’s largest supermarket chain E-Mart Inc. said on Monday it is set to delist its troubled construction subsidiary from the main local...
Sep 30, 2024 (Gmt+09:00)
1 Min read -
Bio & Pharma
Lotte to restructure bio business to focus on CDMO
South Korea’s retail-to-chemical conglomerate Lotte Group will restructure its bio business to focus on the profit-making medicine bio developm...
Sep 09, 2024 (Gmt+09:00)
2 Min read -
Batteries
SK Ecoplant sells off stake in Ascend Elements for $98 million
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, has unloaded all its holdings in US-based lithi...
Sep 09, 2024 (Gmt+09:00)
4 Min read -
Real estate
KT&G to sell Korean office tower to Pebblestone for $90 mn
KT&G Corp., the world’s fifth-largest tobacco maker, is set to sell an office tower in South Korea to a local asset manager for an estimate...
Aug 30, 2024 (Gmt+09:00)
1 Min read -
Mergers & Acquisitions
SK Innovation-SK E&S merger gains shareholders’ nod
SK Innovation Co., South Korea’s largest energy company, has won majority support from its shareholders for a merger with its liquefied natural...
Aug 27, 2024 (Gmt+09:00)
4 Min read -
Mergers & Acquisitions
IMM consortium picked as preferred bidder for Ecorbit
A consortium of IMM Private Equity and IMM Investment has moved a step closer to owning South Korea’s No. 1 landfill company Ecorbit Co. after ...
Aug 26, 2024 (Gmt+09:00)
2 Min read
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