The korea economic daily

Korean M&A industry may reconsider leveraged buyouts

South Korea’s M&A market may reconsider leveraged buyouts due to the Supreme Court’s remanding of the case involving Sun Jong-koo, the...

SK Hynix to buy Intel’s NAND business in $9 bn cash deal

SK Hynix Inc. has signed a 10.3 trillion won ($9 billion) all-cash deal to buy Intel Corp.’s NAND memory chip business that will propel the Sout...

Coffee Bean Korea seeks 100% stake sell-off

South Korea’s popular coffee house Coffee Bean Korea Co. is seeking to sell a 100% stake in the company held by Chief Executive Officer Park San...

KKR buys $386 mn stake in Korean sewage disposal firm

KKR & Co. has purchased a combined 440.8 billion won ($386 million) worth of shares in TSK Corp., a leading South Korean sewage and wastewater tre...

IMM PE seeks to exit Korean power cable maker

IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co. up for sale to exit its investment of close to $300 milli...

Korean mobile game developer buys out German rival

South Korean mobile game developer Com2uS Corp. has acquired a German gaming rival in its first cross-over buyout, in a move to bolster its sports gam...

CJ Logistics, NPS eye sell-off of Chinese logistics unit

South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...

Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal

Doosan Group has shortlisted six bidders, including Hyundai Heavy Industries Holdings Co., and four local private equity groups, to acquire a controll...

Hyundai Heavy, MBK among prelim bidders of Doosan Infracore

Hyundai Heavy Industries Holdings Co., the world’s biggest shipbuilder and South Korea-based MBK Partners have submitted non-binding bids for a ...

Lotte Group to invest $258 mn in Doosan Solus to boost footing in EV market

Lotte Group will commit 300 billion won ($257.5 million) to Doosan Solus Co., a battery copper foil and OLED materials maker acquired by SkyLake Inves...

Kumho Asiana Group eyes sale of affiliate golf course and resort

Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...

Korea’s car-sharing platform becomes 12th unicorn following $42.5 mn injection

South Korea’s leading car-sharing platform Socar Inc. has become the country's 12th unicorn valued at around 1.1 trillion won after receiving a ...

Bakery franchise Tous Les Jours draws Affirma Capital, chemical group as bidders

Bakery franchise Tous Les Jours, a division of CJ Foodville Corp., has drawn four preliminary bidders for its sale, including Singapore-based Affirma ...

IMM PE to sell Hollys Coffee to Korean chemical-to-steel group

Seoul-based IMM Private Equity is in the final stages of talks to sell South Korea’s Hollys Coffee to the country’s chemical- to steel-foc...

Doosan Heavy seeks new buyer for construction arm after deal falls through

Doosan Heavy Industries & Construction Co. has begun fresh talks with potential buyers for construction affiliate Doosan Engineering & Constru...

Korea state agency to sell up to 10% Woori Financial stake in block deal

The Korea Deposit Insurance Corp. (KDIC) has resumed the ongoing sale process of its 17.25% stake in Woori Financial Group in four years. It will offe...

Doosan Heavy to wrap up first-round restructuring with $1.1 bn new share sale

Doosan Heavy Industries & Construction Co. Ltd., the debt-ridden South Korean power plant builder, is set to wrap up the first round of its debt r...

Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn

Doosan Group has agreed to sell Doosan Solus Co. Ltd., a copper foil and OLED materials maker, to South Korean private equity firm SkyLake Investment ...

Affinity Equity, Baring PEA tipped to invest $1 bn in Shinhan Financial

Affinity Equity Partners and Baring Private Equity Asia will likely invest a combined 1.2 trillion won ($1 billion) in new shares of Shinhan Financial...

Online retailer TMON eyes $337 mn from Korean PEF ahead of 2021 IPO

South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, will likely receive 400 billion won ($3...

PEFs zoom in on Korean drama producer as strategic buyers pull back

A pre-IPO share sale by South Korean TV drama producer JTBC Studios Co. Ltd. has attracted Bain Capital Credit, TPG Capital and a few Korean private e...

KKR to expand Korea waste management portfolio to sewage treatment

KKR & Co. is set to acquire a non-controlling stake in a South Korean sewage management company in a deal worth up to 200 billion won ($170 millio...

Kookmin gains foothold in Indonesia after bumping up stake in local bank

Kookmin Bank has increased its stake in Bank Bukopin to become the largest shareholder in the medium-sized Indonesian lender, as it works to boost its...

South Korea seeks to exit Africa mining JV despite rising nickel demand

State-run Korea Resources Corp. has embarked on a plan to sell its stake in a loss-making nickel mining joint venture in Madagascar, Africa, after the...

Korean Air seals $835 mn in-flight business sale to private equity firm

Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...

South Korea moves in on overseas coal project financing ban

South Korea's parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deal...

Carlyle Group to exit from Korean OEM apparel exporter in seven years

The Carlyle Group has sold off its stake in South Korea's Yakjin Trading Corp., an original equipment manufacturer (OEM) for global brands such as Old...

KKR wraps up $739 mn purchase of Korean waste management firms

KKR & Co. of the US has finalized the 875 billion won ($739 million) purchase of two South Korean waste treatment companies after completing its f...

SK Eng beats Goldman, Keppel in $846 mn bid for Korean waste treatment firm

SK Engineering & Construction Co. Ltd. has beat Goldman Sachs Merchant Banking Division, Singapore’s Keppel Infrastructure Holdings and two ...

Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General

AXA, a French multinational insurance group, is keen to sell a 100% stake in its South Korean operation, AXA General Insurance Co., according to indus...