M&A
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IPOs
Lotte Rental resumes IPO process; seeks $1.8 bn valuation
South Korea’s leading rental car company Lotte Rental Co. has resumed its initial public offering process, despite having earlier postponed it...
Jan 15, 2021 (Gmt+09:00)
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Venture capital
S.Korea’s VC fundraising hits all-time high in 2020
Venture capital funds in South Korea have raised their largest-ever amount of 6.6 trillion won ($6 billion) last year, supported by government policy...
Jan 14, 2021 (Gmt+09:00)
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M&As
Yogiyo sale gains steam as Baemin investors set for Q1 exit
Financial investors in South Korea's No. 1 food delivery app Baedal Minjok (Baemin) are set to exit in the first quarter of this year, closing the ...
Jan 14, 2021 (Gmt+09:00)
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M&As
Top court rules in favor of Doosan Infracore; sale to Hyundai Heavy to proceed
The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top Sou...
Jan 14, 2021 (Gmt+09:00)
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Small satellites
Hanwha to buy controlling stake in Korean satellite maker
Hanwha Aerospace Co., an aircraft engine components maker, will acquire a 30% stake in a South Korean Earth observation satellite maker for 109 billi...
Jan 14, 2021 (Gmt+09:00)
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M&As
Korean Air begins due diligence on Asiana Airlines
The proposed union between South Korea’s two leading airlines is nearing the finish line as Korean Air Lines Co. begins due diligence on Asian...
Jan 12, 2021 (Gmt+09:00)
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Future mobility
IMM PE, Affirma Capital shortlisted for T Map Mobility's $275 mn fundraising
Competition is heating up among domestic and foreign private equity firms hoping to invest in T Map Mobility Co., a mobility spin-off of South Korea&...
Jan 08, 2021 (Gmt+09:00)
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SPAC mergers
Korean PE firm acquires Achronix Semiconductor via SPAC merger
South Korea-based private equity firm Ace Equity Partners has acquired Achronix Semiconductor Corp., a US-based fabless company, through a special pu...
Jan 08, 2021 (Gmt+09:00)
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M&As
SKC in talks to sell stake in PET film-making China unit
SKC Ltd. of South Korea’s SK Group is in negotiations to sell a stake in its polyester (PET) film unit in China, which it values at 150 billion...
Jan 07, 2021 (Gmt+09:00)
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AI firm acquisition
LG takes over controlling stake in US TV data analysis firm Alphonso
South Korea’s LG Electronics Inc. has acquired a controlling stake in US-based TV data analysis startup Alphonso Inc. to strengthen its softwar...
Jan 07, 2021 (Gmt+09:00)
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Hydrogen economy
SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power
South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch ...
Jan 07, 2021 (Gmt+09:00)
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M&As
Korean Air wins shareholders' approval for Asiana deal
Korean Air Lines Co. will proceed with its planned $1.6 billion acquisition of Asiana Airlines Inc. after winning approval from a majority of its sha...
Jan 06, 2021 (Gmt+09:00)
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Rubber business disposal
Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business
Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor m...
Jan 06, 2021 (Gmt+09:00)
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Energy
Korea Resources seeks sale of Australia coal mine to slash debt
Korea Resources Corp. is planning to sell its 82.25% stake in a coal mine in Australia, as part of efforts to cut its debt totaling 6.7 trillion won ...
Jan 06, 2021 (Gmt+09:00)
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M&As
NPS to veto Korean Air's acquisition of Asiana Airlines
The National Pension Service, the No. 2 shareholder of Korean Air Lines Co., will vote against the flag carrier’s plan to acquire Asiana Airlin...
Jan 05, 2021 (Gmt+09:00)
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M&As
E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea
E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sale ...
Jan 05, 2021 (Gmt+09:00)
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Venture capital
S.Korea to back $18 bn domestic VC fund plan by 2025
The South Korean government will inject 1 trillion won ($924 million) into homegrown venture capital funds this year, with a plan to launch three VC ...
Jan 04, 2021 (Gmt+09:00)
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M&As
Korean companies sit on record dry powder, may open M&A floodgates
South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A) ...
Jan 04, 2021 (Gmt+09:00)
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M&As
Samsung Elec draws attention with $92 bn in idle cash
Samsung Electronics Co., sitting on a cash pile of 100 trillion won ($92 billion), has been absent in global M&A markets over the past few years ...
Dec 31, 2020 (Gmt+09:00)
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League table
Credit Suisse retains top spot in Korea’s M&A advisory league
Credit Suisse has maintained its top position on South Korea’s M&A advisory league table in 2020, working on most of the high-profile deals...
Dec 30, 2020 (Gmt+09:00)
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Pre-IPOs
CJ wraps up $366 mn pre-IPO for top beauty chain
CJ Group has completed its pre-IPO placement for CJ Olive Young, the group’s health and beauty brand, with Glenwood Private Equity securing a...
Dec 29, 2020 (Gmt+09:00)
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M&As
Delivery Hero welcomes Baemin, seeks new home for Yogiyo
Germany-based online food delivery service Delivery Hero SE will sell off its prized South Korean business, Yogiyo, the country's second-largest fo...
Dec 28, 2020 (Gmt+09:00)
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M&As
Hyundai-Daewoo shipbuilding merger wins China approval, awaiting EU
China has granted unconditional approval of the world’s largest shipbuilder Hyundai Heavy Industries Group’s acquisition of hometown riva...
Dec 28, 2020 (Gmt+09:00)
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Hydrogen storage tanks
Hanwha Solutions acquires US hydrogen tank maker Cimarron, to invest $100 mn
Hanwha Solutions Corp. has acquired a 100% stake in Cimarron Composites LLC, a US hydrogen storage tank manufacturer, as the South Korean energy solu...
Dec 28, 2020 (Gmt+09:00)
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M&As
Glenwood PE to acquire minority stake in Korea's largest beauty chain
CJ Group has selected Glenwood Private Equity as the buyer of a minority stake in South Korea’s No. 1 health and beauty store CJ Olive Young, ...
Dec 23, 2020 (Gmt+09:00)
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Hydrogen tanks
Hanwha looks to buy US hydrogen storage tank maker
Hanwha Solutions Corp. is seeking to acquire 100% of a US hydrogen storage tank manufacturer worth tens of millions of dollars, a local newspaper rep...
Dec 23, 2020 (Gmt+09:00)
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M&As
Hana Fin buys Korean waste treatment firm with Asian PEFs
Hana Financial Investment Co. has acquired a small South Korean industrial waste treatment company in a consortium with two private equity firms, inc...
Dec 22, 2020 (Gmt+09:00)
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Korean Air
Hahn & Co finances $700 mn Korean Air deal with about $400 mn debt
Hahn & Co., a South Korean private equity firm, has completed the payment for the 790 billion won ($722 million) purchase of Korean Air Lines' in...
Dec 17, 2020 (Gmt+09:00)
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M&As
CJ in renewed push to sell animal feed maker for over $1.8 bn
CJ Cheiljedang Corp., South Korea’s top food company, has again put up for sale its animal feed assets, after talks to sell the fully owned uni...
Dec 17, 2020 (Gmt+09:00)
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M&As
Orchestra PE seeks to sell Majesty Golf for around $275 mn
South Korea-based Orchestra Private Equity has placed Majesty Golf Co., a premium golf equipment maker and distributor, on the market. Industry watc...
Dec 17, 2020 (Gmt+09:00)
Most Read
- 1 Coupang gets the green light for Nasdaq listing
- 2 E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea
- 3 KIC replaces alternative investment strategy, PE heads
- 4 Ontario Teachers invests in Korean fried chicken brand valued at $1.7 bn
- 5 IGIS Asset, Hana buy $390 mn US Amazon logistics portfolio
