Deals
Investment returns
Korean funds, firms eye jackpot from Grab’s Nasdaq listing
Apr 14, 2020 (Gmt+09:00)
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IPOs
Hyundai Engineering seeks Q3 IPO; seen as precursor to group revamp
Hyundai Motor Group Chairman Chung Euisun Hyundai Engineering Co., an unlisted construction affiliate of the Hyundai Motor Group, is seeking an i...
Apr 13, 2020 (Gmt+09:00)
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Doosan restructuring
Doosan taps PEFs to sell copper clad board division
Copper-clad laminates (Courtesy of Doosan Co.) Doosan Co., the holding company of South Korea's Doosan Group, is in contact with several private ...
Apr 13, 2020 (Gmt+09:00)
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Foreign currency bonds
Kia raises $700 mn in foreign green bonds
Kia's first dedicated electric vehicle, EV6 (Courtesy of Kia) Kia Corp. has issued its first foreign currency ESG bonds worth $700 million ...
Apr 13, 2020 (Gmt+09:00)
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M&As
Outback Steakhouse Korea put up for sale by PEF
Outback Steakhouse's delivery menu South Korea-based private equity firm Skylake Equity Partners is seeking to sell a 100% stake in Outback Steak...
Apr 12, 2020 (Gmt+09:00)
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[Exclusive] Foreign currency bonds
Hanwha Solutions eyes $300 mn green dim sum bond issue
Hanwha Solutions Corp., a South Korean petrochemical and renewable energy company, plans to raise 2 billion yuan ($300 million) in a green bond ...
Apr 12, 2020 (Gmt+09:00)
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IPOs
Samsung-backed semiconductor parts maker eyes IPO
MiCo Ceramics electro-static chucks (Courtesy of MiCo Ceramics) MiCo Ceramics Ltd., a semiconductor equipment parts subsidiary of the industrial ...
Apr 09, 2020 (Gmt+09:00)
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IPOs
PUBG publisher applies for South Korean 2021 IPO
South Korea-based game developer Krafton Inc., touted as one of this year's hottest initial public offerings, has filed a preliminary listing ap...
Apr 09, 2020 (Gmt+09:00)
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Platform valuations
Kakao Entertainment’s enterprise value seen above $8.9 billion
Itaewon Class, a webtoon-turned-drama global success story by Kakao Page. Kakao Entertainment Corp. is working to make a trading debut on the dom...
Apr 09, 2020 (Gmt+09:00)
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Block deal
Korea state agency sells $134 mn Woori Fin shares
The Korea Deposit Insurance Corp. (KDIC) has reduced its stake in Woori Financial Group to 15.25% by selling 149.2 billion won ($134 million) wo...
Apr 09, 2020 (Gmt+09:00)
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PE investments
Korean PE Centroid among shortlisted bidders for TaylorMade Golf
South Korea’s lesser-known private equity firm Centroid Investment Partners is among the shortlisted candidates for US sports equipment ma...
Apr 08, 2020 (Gmt+09:00)
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[Exclusive] E-commerce
Kakao to buy fashion app, pushing aside eBay Korea
Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform t...
Apr 08, 2020 (Gmt+09:00)
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[Exclusive] Stake sales
Hankook Tire to sell stake in Hanon Systems, eyes $900 mn gains
South Korea’s Hankook Tire & Technology Co. plans to divest of its 19.5% stake in Hanon Systems Corp., an auto parts maker, in a move ...
Apr 08, 2020 (Gmt+09:00)
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PEF exits
IMM PE's art of the exit: Cable maker, online mall
(Courtesy of Taihan Electric Wire Co.) Seoul-based IMM Private Equity has come into the spotlight with a series of lucrative exits in South Korea...
Apr 08, 2020 (Gmt+09:00)
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IPOs
S.Korea's color cosmetics leader C&C to list in May
Stylenanda's best-seller 3CE Velvet Lip Tint is manufactured by C&C International (Courtesy of Stylenanda) South Korea’s leading color ...
Apr 08, 2020 (Gmt+09:00)
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Overseas investments
Naver invests $150 million in Indonesia’s No.1 media group Emtek
South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest te...
Apr 07, 2020 (Gmt+09:00)
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Delivery apps
Sale of Korea’s No.2 delivery app Yogiyo kicks off with May 4 prelim bid
The sale of South Korea’s second-largest food delivery app Yogiyo has kicked off with the sell-side issuing an information memorandum to p...
Apr 07, 2020 (Gmt+09:00)
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Global M&As
Deep inside the deal: HYBE-Ithaca merger
BTS at the 2021 Grammy Awards' red carpet, participating online in March (Courtesy of HYBE) The recent merger deal between two global entertainme...
Apr 07, 2020 (Gmt+09:00)
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Kakao Japan seeks $446 million from Anchor Equity
Kakao Corp.’s Japanese unit, which operates Japan’s largest webtoon platform Piccoma, is in talks to attract as much as 500 billion ...
Apr 06, 2020 (Gmt+09:00)
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Retailer purchases
SK Group acquires 16.3% of Vietnam’s top retailer for $410 million
SK officials pose for a photo after signing a deal to buy a stake in VinCommerce. South Korea’s SK Group has acquired 16.3% of Vincommerce,...
Apr 06, 2020 (Gmt+09:00)
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Music and entertainment
BTS, Bieber, Lovato celebrate HYBE-Ithaca alliance
(Courtesy of HYBE Labels) HYBE Co. and Ithaca Holdings, the two entertainment powerhouses that recently joined hands to create the mega music lab...
Apr 06, 2020 (Gmt+09:00)
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[Exclusive] EV batteries
SK Group eyes jackpot from investment in battery maker SES
SK Group Chairman Chey Tae-won South Korea’s SK Group is expected to pocket at least a tenfold return from its investment in electric...
Apr 05, 2020 (Gmt+09:00)
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[Exclusive] Digital contents
Kakao in talks to buy US fiction app in heated IP rivalry
Radish, a US-based mobile fiction platform, was co-founded by CEO Seung Yoon Lee in 2016. South Korea's mobile giant Kakao Corp. is in negotiatio...
Apr 04, 2020 (Gmt+09:00)
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IPOs
Korean casino game developer revives Nasdaq IPO plan
DoubleDown Interactive LLC, a South Korean social casino game publisher, has resumed its Nasdaq listing process, tapping the red-hot US IPO mark...
Apr 04, 2020 (Gmt+09:00)
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Music and entertainment
HYBE-Ithaca merger puts BTS, Justin Bieber under one roof
BTS released its latest single, Film Out, in Japan on Apr. 2 (courtesy of HYBE Labels) BTS, Justin Bieber and Ariana Grande will be under the sam...
Apr 02, 2020 (Gmt+09:00)
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Stake sale
SK Hynix ponders fate of Kioxia stake after bids by Micron, WDC
SK Hynix's latest 176-layer 512 GB Triple-Level Cell (TLC) 4D NAND flash memory. The reported bids to buy Japanese chipmaker Kioxia Holdings Corp...
Apr 02, 2020 (Gmt+09:00)
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IPO valuations
SK IE Technology’s IPO plan to get boost from ITC ruling
SK IE Technology's EV battery separator SK IE Technology Co. (SKIET), set to make a trading debut on Korea’s main bourse in May, is expecte...
Apr 02, 2020 (Gmt+09:00)
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M&As
Shinsegae buys Korean online fashion mall from IMM PE
Shinsegae Group has acquired South Korea's leading online fashion platform from IMM Private Equity, in a transaction estimated at between 250 bi...
Apr 01, 2020 (Gmt+09:00)
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League table
Morgan Stanley tops Korea's Q1 M&A league table
Match Group, the world's top dating app operator, has acquired South Korea's video chat startup Hyperconnect. Morgan Stanley reclaimed its top po...
Mar 31, 2020 (Gmt+09:00)
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Gene CMO
SK acquires 70% stake in Yposkesi to jump into cell, gene CMO business
SK Inc., the holding and investment company of SK Group, South Korea’s third-largest conglomerate, has acquired a 70% stake in Yposkesi, a...
Mar 31, 2020 (Gmt+09:00)
Hidden Champions
Next Unicorns
Latest News
- 1 Korean shipbuilders await improved earnings as LNG carrier price hit all-time high
- 2 Hyundai Heavy IPO creates largest shipbuilder on Kospi
- 3 Samsung C&T, S-Oil to produce hydrogen in Saudi Arabia
- 4 SoftBank sells part of Coupang shares for $1.7 bn
- 5 Celltrion makes first step in streamlining governance structure
