Corporate restructuring
Waste management
SK Geo reconsiders extent of $1.3 bn plastic recycling plant project
May 02, 2024 (Gmt+09:00)
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Corporate restructuring
Taeyoung E&C kickstarts debt workout with loan sale to IGIS
Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South K...
May 01, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
Taeyoung E&C lets chairmen go as part of restructuring
Belt-tightening Taeyoung Engineering & Construction Co. (Taeyoung E&C), the 16th-largest construction company in South Korea and undergoing d...
Apr 19, 2024 (Gmt+09:00)
2 Min read -
Corporate strategy
SK Innovation to adjust business portfolios for long-term growth
SK Innovation Co., South Korea’s top energy company, is slated to adjust its business portfolios for long-term growth while not planning to slo...
Apr 17, 2024 (Gmt+09:00)
2 Min read -
Food & Beverage
CJ CheilJedang to sell feed, livestock unit for $1.4 bn
South Korean food giant CJ CheilJedang Corp. is seeking again to sell its loss-making feed and livestock subsidiary, Asia’s largest in the indu...
Apr 14, 2024 (Gmt+09:00)
3 Min read -
Corporate restructuring
Kakao Entertainment seeks restructuring, closer ties with Piccoma
South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., is seeking renewed growth through corporate restructuring and c...
Apr 05, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
Hanwha's holding firm to hive off non-core businesses
Hanwha Corp., the holding company of South Korea’s chemicals-to-defense conglomerate, will hive off its wind power and offshore plant building ...
Apr 04, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
Hanwha Aerospace to spin off non-core units to focus on defense business
Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is spinning off its non-core units to focus on defense and aerospace bu...
Apr 03, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
LG Chem reshuffles R&D unit to turn into EV materials maker
LG Chem Ltd., South Korea’s largest petrochemical company, is strengthening its research & development capabilities as it aims to transform...
Mar 18, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
SK D&D relaunches renewable energy business spin-off as SK Eternix
SK D&D Co., a real estate unit of South Korea’s SK Group, said on Monday it has completed the planned spin-off of its renewable energy busi...
Mar 04, 2024 (Gmt+09:00)
1 Min read -
Food & Beverage
Cooling demand sparks layoffs at Korean spirits importers
Dwindling demand for foreign beers and whiskeys in South Korea has led some local liquor importers to let go of some staff, spurring concerns about w...
Feb 19, 2024 (Gmt+09:00)
3 Min read -
Corporate restructuring
UBS, Citigroup to handle sale of KKR’s JV with Korean builder
UBS Group AG and Citigroup Global Markets Inc. are set to manage the sale of a joint venture between global private equity giant KKR Co. Inc. and ail...
Jan 30, 2024 (Gmt+09:00)
1 Min read -
Corporate restructuring
Lotte Group Chairman says to sell ailing units for new biz: report
Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, t...
Jan 30, 2024 (Gmt+09:00)
3 Min read -
Corporate restructuring
Naver, Com2uS slash workforce to downsize new businesses
South Korea’s leading online platforms and gaming publishers such as Naver Corp., Com2uS Corp. and Kakao Corp. have joined global Big Tech comp...
Jan 18, 2024 (Gmt+09:00)
3 Min read -
Corporate restructuring
Taeyoung becomes 1st Korean builder in debt workout in decade
The vast majority of creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) have agreed to start debt restructuring for the trou...
Jan 12, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
Taeyoung’s fresh measures raise hope for debt workout
Taeyoung Group, South Korea’s midsize conglomerate controlling logistics, media and construction businesses, on Tuesday vowed to offer up its s...
Jan 09, 2024 (Gmt+09:00)
4 Min read -
Corporate restructuring
Korean builders scramble to ease liquidity crunch woes
South Korean builders in financial distress are struggling to alleviate concerns over a potential liquidity crisis, which could put the already ailin...
Jan 05, 2024 (Gmt+09:00)
4 Min read -
Energy
KEPCO sells 15% stake in KEPCO E&C for $269 million
Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of a...
Jan 02, 2024 (Gmt+09:00)
2 Min read -
Corporate restructuring
Taeyoung files for debt workout; offers to sell stake in KKR JV
South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progra...
Dec 28, 2023 (Gmt+09:00)
3 Min read -
Corporate restructuring
Kolon Industries to downsize industrial film business amid weak demand
Kolon Industries Inc., a South Korean chemical and textile manufacturer, is downsizing its industrial film business amid weak demand and growing comp...
Dec 15, 2023 (Gmt+09:00)
1 Min read -
Corporate restructuring
Kakao to tighten grip over units, rethink horizontal culture
Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., said on Monday it will abandon its autonomous manageme...
Dec 11, 2023 (Gmt+09:00)
3 Min read -
Batteries
Korean battery makers’ broad restructuring hits US
SK On Co., South Korea’s No. 3 battery maker, has decided to furlough employees at one of its US battery factories in the state of Georgia to c...
Nov 14, 2023 (Gmt+09:00)
2 Min read -
Corporate restructuring
SK Energy to spin off tank terminal business as new logistics firm
SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., is spinning off its crude oil storage and shipment business to...
Nov 13, 2023 (Gmt+09:00)
1 Min read -
Corporate restructuring
Kakao in emergency mode under regulatory, antitrust probes
Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., convened an emergency meeting with some 20 chief execu...
Nov 06, 2023 (Gmt+09:00)
3 Min read -
Electric vehicles
Hyundai Motor to manufacture BAIC’s Arcfox EVs in China
BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South Ko...
Oct 11, 2023 (Gmt+09:00)
3 Min read -
Mergers & Acquisitions
Fosun to cash out of K-beauty firm Nature&Nature for $38 mn
Fosun Group, a debt-laden Chinese conglomerate, is seeking to cash out of its entire stake in Nature&Nature Co. for up to 50 billion won ($37.8 m...
Aug 30, 2023 (Gmt+09:00)
2 Min read -
Corporate restructuring
LG Chem to sell film factories amid shift to new growth drivers
LG Chem Ltd., South Korea’s chemical major, is seeking to sell its film factories at home amid accelerating business reorganization centered ar...
Aug 23, 2023 (Gmt+09:00)
3 Min read -
Corporate restructuring
LG Chem seeks to sell 2nd NCC facility in Korea in face of China’s ascent
LG Chem Ltd. has embarked on a process to sell its core naphtha cracking center (NCC) in South Korea, estimated at about 3 trillion won ($2.3 billion...
Jul 02, 2023 (Gmt+09:00)
5 Min read -
Corporate restructuring
LG to slim down petrochem as Chinese rivals creep up
South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gro...
Jun 19, 2023 (Gmt+09:00)
2 Min read -
Corporate restructuring
Hyundai Doosan Infracore rebrands as HD Hyundai Infracore
Hyundai Doosan Infracore Co., a construction and machinery subsidiary of HD Hyundai Group, decided to rebrand itself as HD Hyundai Infracore, droppi...
Mar 27, 2023 (Gmt+09:00)
1 Min read
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