M&A
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M&As
Affinity Equity set to acquire Korea’s top recruitment portal JobKorea
Affinity Equity Partners, a global private equity firm, is set to acquire the entire stake of South Korea’s top recruitment portal JobKorea &nd...
Mar 04, 2021 (Gmt+09:00)
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Logistics
Hyundai Glovis, Changjiu team up to boost China-Europe rail transport
South Korea-based Hyundai Glovis Co. has teamed up with China’s largest automotive logistics firm, Changjiu Group, to foster rail transport ope...
Mar 03, 2021 (Gmt+09:00)
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Logistics centers
China logistics firms yield decent returns for Korean investors
MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese lo...
Mar 03, 2021 (Gmt+09:00)
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PEFs
Bain Capital to invest $360 mn in Korea’s top ERP developer
Bain Capital has agreed to invest around 400 billion won ($360 million) in South Korea’s leading enterprise resource planning (ERP) software de...
Mar 02, 2021 (Gmt+09:00)
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M&As
Naver invests €115 mn in Spain’s virtual marketplace Wallapop
Naver Corp., South Korea’s top online portal, has invested €115 million in Wallapop, a Spanish virtual marketplace, as part of its efforts...
Feb 25, 2021 (Gmt+09:00)
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M&As
SK teams with Plug Power to tackle Asia's hydrogen ecosystem
South Korea-based SK Group is ready to take on the growing Asian fuel cell market, having finalized a $1.6 billion deal to acquire around a 10% stake...
Feb 25, 2021 (Gmt+09:00)
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Pre-IPO share sale
KKR signs $580 mn share purchase of Hyundai Heavy’s A/S arm
KKR & Co. signed a definitive agreement on Tuesday to buy a stake in Hyundai Global Service Co. from Hyundai Heavy Industries Holdings Co. for 64...
Feb 23, 2021 (Gmt+09:00)
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M&As
CVC, TPG, MBK, Affinity Equity in final bidding for JobKorea
Local and foreign private equity firms are among the final bidders for the entire stake of South Korea’s top recruitment portal JobKorea &ndash...
Feb 22, 2021 (Gmt+09:00)
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Game industry
Netmarble buys majority stake in US game maker Kung Fu Factory
Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undisc...
Feb 22, 2021 (Gmt+09:00)
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Restructuring
Doosan to spin off No. 1 forklift business to Bobcat
South Korea-based power plant builder Doosan Group is planning to spin off its profitable forklift business into construction equipment affiliate Doo...
Feb 22, 2021 (Gmt+09:00)
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Pre-IPO investment
Carlyle seals $200 mn investment in Kakao Mobility
The Carlyle Group has agreed to buy $200 million worth of new shares in Kakao Mobility Corp. as a pre-IPO investment in the transportation arm of Sou...
Feb 18, 2021 (Gmt+09:00)
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Future mobility
Uber, T Map Mobility JV wins antitrust approval; set to launch in April
South Korea's antitrust regulator has approved the proposed joint venture between the US-based ride-hailing company Uber Technologies Inc. and T Map...
Feb 10, 2021 (Gmt+09:00)
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Startup M&As
Match Group buys Korean video chat startup for $1.73 bn
Match Group, the operator of the world’s largest dating app Tinder, has agreed to buy 100% of South Korea’s leading video chat startup H...
Feb 10, 2021 (Gmt+09:00)
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M&As
IMM PE to shortlist buyers for Taihan Electric Wire
South Korea-based IMM Private Equity is set to announce shortlisted candidates for the sale of Taihan Electric Wire Co. next week. The deal has draw...
Feb 07, 2021 (Gmt+09:00)
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M&As
Hyundai Heavy seals $757 mn stake purchase in Doosan Infracore
South Korea’s Hyundai Heavy Industries Holdings Co. signed a definitive agreement on Friday to buy a controlling stake in Doosan Infracore Co.,...
Feb 05, 2021 (Gmt+09:00)
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M&As
Australia’s SEEK looking for financial partner to bid for JobKorea
SEEK, Australia’s largest job site, has been in discussions with private equity firms to put in a binding bid in a consortium for South Korea&r...
Feb 05, 2021 (Gmt+09:00)
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M&As
Mando acquires JV to boost footing in autonomous vehicle industry
South Korea-based Mando Corp. is set to acquire electronic auto parts maker Mando-Hella Electronics Corp. in a deal valued at 165 billion won ($148 m...
Feb 03, 2021 (Gmt+09:00)
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M&As
SK E&S to sell 49% stake in city gas businesses; valued over $900 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesses...
Feb 03, 2021 (Gmt+09:00)
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M&As
Behind the scenes of Naver’s $600 mn Wattpad purchase
Last August, online portal Naver Corp. entered into exclusive talks with Toronto-based Wattpad Corp. to buy a stake in the world’s largest web ...
Feb 01, 2021 (Gmt+09:00)
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Business expansion
Samsung on lookout for M&As; auto chipmakers among prime targets
Samsung Electronics Co., sitting on a cash pile of more than 100 trillion won ($90 billion), is actively pursuing mergers and acquisitions, with some...
Jan 31, 2021 (Gmt+09:00)
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M&As
US auto startup set to buy 51% of Ssangyong Motor for $250 mn
HAAH Automotive Holdings Inc., a US automobile distributor, is planning to inject $250 million into South Korea's Ssangyong Motor Co. to take a 51% s...
Jan 29, 2021 (Gmt+09:00)
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M&As
KDB mulls sale of HMM to POSCO
South Korea's state-run bank is considering selling HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry exper...
Jan 27, 2021 (Gmt+09:00)
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Investment funds
SK, China’s Geely eye investment fund for hydrogen, eco-friendly business
South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other ec...
Jan 27, 2021 (Gmt+09:00)
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M&As
Ssangyong heads for court protection as Mahindra backs off
India’s Mahindra and Mahindra Ltd. has pulled out of talks to sell Ssangyong Motor Co. to HAAH Automotive Holdings Inc., a US automobile distri...
Jan 25, 2021 (Gmt+09:00)
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M&As
Affiliates merge to become Kakao Entertainment; aim global
South Korea’s leading mobile app operator Kakao Corp.’s affiliates are set to merge to become a new entity, Kakao Entertainment, heraldin...
Jan 25, 2021 (Gmt+09:00)
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Antitrust regulations
Seoul to lower bar for M&As; easing rules over PEF deals
South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to ent...
Jan 24, 2021 (Gmt+09:00)
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M&As
LG hires Kim & Chang as advisor for mobile division sale
LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accordi...
Jan 22, 2021 (Gmt+09:00)
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M&As
Vingroup eyes LG’s smartphone business: Reports
Vietnam’s largest conglomerate Vingroup is interested in acquiring part of LG Electronics Inc.’s smartphone operation to bolster its high...
Jan 22, 2021 (Gmt+09:00)
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M&As
Naver to acquire web novel platform Wattpad for $593 mn
South Korea’s portal giant Naver Corp. will acquire Wattpad, the world's largest web novel platform based in Toronto, for 653.2 billion won (...
Jan 20, 2021 (Gmt+09:00)
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M&As
Lotte Chem ready to bid for JSR’s synthetic rubber business
South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese ...
Jan 20, 2021 (Gmt+09:00)
