M&A
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Cryptocurrencies
SK Square to invest $75 mn in Korea crypto exchange
South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its por...
18 HOURS AGO
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[Exclusive] E-commerce
KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal
KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is e...
Nov 26, 2021 (Gmt+09:00)
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Shareholder activism
US activist fund to face off with IMM PE over Hanssem
Teton Capital Partners, a US-based activist fund, has taken legal action to block IMM Private Equity from exercising its management rights over Hanss...
Nov 24, 2021 (Gmt+09:00)
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Entertainment
Behind the scenes of CJ's $775 mn Endeavor Content purchase
CJ ENM Co., the producer of the Oscar-winning "Parasite", was the only South Korean company among a few entertainment powerhouses and investment firm...
Nov 24, 2021 (Gmt+09:00)
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M&As
Korea’s Toss operator invests $5 mn in US startup fintech platform Republic
Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a U...
Nov 24, 2021 (Gmt+09:00)
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Cryptocurrency exchange
Dunamu evolves from outlier to qualified investor in Woori
"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an oper...
Nov 23, 2021 (Gmt+09:00)
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Private equity
MBK's deals rank among top 2021 PE exits in N.Asia
North Asia-focused MBK Partners has made lucrative exits from three investments in South Korea, China and Japan this year. They rank among the nine l...
Nov 23, 2021 (Gmt+09:00)
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M&As
Lotte Chemical seeks to acquire Japanese specialty chemical firms
Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand its...
Nov 22, 2021 (Gmt+09:00)
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M&As
S.Korea leaves Asian crisis behind with Woori privatization
Two decades after the onset of the 1997-98 Asian financial crisis, the state-run Korea Deposit Insurance Corporation (KDIC) is finally set to privati...
Nov 22, 2021 (Gmt+09:00)
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M&As
Doosan sells E&C, closer to exiting self-rescue program
South Korea's Doosan Group on Friday inked an agreement to sell a majority stake in Doosan Engineering & Construction Co. (Doosan E&C) to a c...
Nov 19, 2021 (Gmt+09:00)
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Entertainment
CJ ENM buys Hollywood studio Endeavor Content for $775 mn
CJ ENM Co., South Korea's entertainment powerhouse, has agreed to buy an 80% stake in the content unit of Endeavor Group Holdings for $775.3 million,...
Nov 19, 2021 (Gmt+09:00)
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M&As
Carlyle buys coffee franchise A Twosome Place for over $800 mn
The Carlyle Group has bought South Korea's No. 2 coffeehouse chain A Twosome Place from Anchor Equity Partners, saying it would "capture the signific...
Nov 19, 2021 (Gmt+09:00)
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Renewable energy
Hanwha acquires 16.67% of REC Silicon for $160 mn for US solar projects
South Korea’s Hanwha Solutions Corp. has agreed to buy a 16.67% stake in Norway-based polysilicon manufacturer REC Silicon ASA for $160.5 milli...
Nov 19, 2021 (Gmt+09:00)
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M&A
Glenwood to join GS' acquisition of S&I E&C
South Korea’s construction conglomerate GS Engineering & Construction Co. said on November 17 that it has selected Korean private equity f...
Nov 18, 2021 (Gmt+09:00)
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Renewable energy
SK Ecoplant to start offshore wind power business
SK Ecoplant Co., the construction unit of South Korea’s SK Group, is slated to enter the offshore wind power business by acquiring a local wind...
Nov 17, 2021 (Gmt+09:00)
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E-commerce
STIC invests $20 mn in e-commerce giant Tiki
South Korean private equity firm STIC Investments Inc. has invested $20 million in Vietnam’s e-commerce giant Tiki Corporation’s series ...
Nov 17, 2021 (Gmt+09:00)
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COVID-19 treatment
SK seeks to make Pfizer, Merck COVID-19 pills in CMO deals
SK Inc., the investment and holding company of South Korea’s SK Group, is seeking to make COVID-19 treatment pills developed by Pfizer Inc. and...
Nov 17, 2021 (Gmt+09:00)
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M&As
MBK sells Japan golf club to SoftBank's Fortress for $3.5 bn
MBK Partners has sold Japan's largest golf course operator Accordia Next Golf to SoftBank's Fortress Investment Group for 400 billion yen ($3.5 billi...
Nov 16, 2021 (Gmt+09:00)
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[Exclusive] Waste treatment
Hyundai Motor Group seeks to buy Korea waste treatment firm
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gro...
Nov 16, 2021 (Gmt+09:00)
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M&As
Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana
Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquire ...
Nov 16, 2021 (Gmt+09:00)
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M&As
Korean game makers shun IBs for M&A deals
“We know which companies to buy after playing the games a few times.”More and more South Korean game developers are pursuing mergers and ...
Nov 16, 2021 (Gmt+09:00)
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M&As
Doosan near completing self-rescue plan with E&C sale
South Korea's Doosan Group is near finalizing a deal to sell Doosan Engineering & Construction Co. (Doosan E&C) to a consortium led by Seoul-...
Nov 12, 2021 (Gmt+09:00)
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Retail
SK to invest $340 mn in Vietnam’s major retail platform The CrownX
South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp....
Nov 11, 2021 (Gmt+09:00)
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Battery materials
POSCO Chem's rise from brickworks to EV materials leader
POHANG, South Korea - When POSCO Chemical Co., better known as a refractory brick manufacturer until the early 1990s, announced its entry into the an...
Nov 11, 2021 (Gmt+09:00)
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Private equity
Orchestra PE buys Korean pizza brand Banolim
Orchestra Private Equity set up Orchestra Private Equity IV (OPE IV) to invest $32 million in Korea’s pizza chain operator Banolim Food Co. and...
Nov 10, 2021 (Gmt+09:00)
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[Exclusive] E-commerce
MBK seeks to buy two S.Korean e-commerce platforms
MBK Partners is in talks to buy management rights of two e-commerce platforms listed on South Korea's Kosdaq market in a package deal, according to i...
Nov 09, 2021 (Gmt+09:00)
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M&As
CJ Cheiljedang to acquire Dutch bio firm Batavia for 195 million euros
CJ Cheiljedang Corp., a key subsidiary of South Korea’s food and entertainment conglomerate CJ Group, said on Monday it is acquiring Batavia Bi...
Nov 08, 2021 (Gmt+09:00)
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Venture capital
Travel startups draw new funds amid digital transformation
As South Korea loosened social distancing measures for a gradual return to normal life this week, investors are rekindling their interest in travel s...
Nov 05, 2021 (Gmt+09:00)
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M&As
KKR invests $2 bn in SK E&S' new preferred shares
KKR & Co. has signed an agreement to buy 2.4 trillion won ($2 billion) worth of newly-issued preferred shares in SK E&S Co., the US private e...
Nov 05, 2021 (Gmt+09:00)
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Startups
Specialty coffee brand Terarosa raises $60 mn from Unison Capital
The operator of Terarosa, known as the Blue Bottle Coffee of South Korea, has received around 70 billion won ($60 million) in funding from Unison Cap...
Nov 02, 2021 (Gmt+09:00)
Most Read
- 1 Samsung, Korea Post create $336 mn overseas alternative investment fund
- 2 KIC sees 11 alternative investment managers resign by November
- 3 IGIS beats Blackstone, Brookfield in Asian real estate AUM
- 4 NPS rewards investment managers with hefty bonuses
- 5 Korea Post to select GPs for €200 mn real estate fund
