The korea economic daily

Global oil refiners, local PEs among 7 bidders for SK Lubricants stake

Global oil refiners, strategic investors and private equity funds in Korea and abroad have submitted non-binding bids for up to 49% of SK Lubricants ...

PEFs gaining clout in Korea’s broader M&A sectors

Private equity firms have been leading South Korea’s mergers and acquisitions markets in a broader range of sectors in recent years, representi...

Saudi crown prince to be top shareholder of Seoul-listed gaming firm

The Crown Prince of Saudi Arabia Mohammed bin Salman has agreed to buy 240 billion won ($217 million) worth of shares in the South Korea-listed game ...

S.Korea's airline restructuring hits turbulence with activist fund opposition

South Korea’s airline restructuring is experiencing some turbulence after an activist group has filed an injunction threatening the proposed me...

Hyundai Heavy endures to be likely buyer of Doosan Infracore

Hyundai Heavy Industries Holdings Co., the world's largest shipbuilder, is one step closer to acquiring a 36.07% controlling stake in Doosan Infracore...

Delivery Hero, Woowa $4 bn merger faces hiccup due to KFTC

The proposed merger between Germany-based Delivery Hero SE and South Korea's Woowa Brothers Corp. has hit a roadblock due to the Korea Fair Trade Com...

Korean Air to buy rival Asiana in $1.6 bn deal to emerge as world’s 7th airline

Korean Air Lines Co. will spend 1.8 trillion won ($1.6 billion) to own a majority stake in beleaguered local rival Asiana Airlines Inc., in a deal th...

Korean Air bid to acquire Asiana faces challenges, activist opposition

The owner of Korean Air Lines Co.’s reported bid to acquire local rival Asiana Airlines Inc. faces several hurdles, including painful job cuts, ...

Korean Air, Asiana may merge MRO businesses after spin-off

South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...

Parent of Korean Air seeks to buy rival Asiana Airlines

Hanjin Group, which owns South Korea’s flag-carrier Korean Air Lines Co., is seeking to buy local rival Asiana Airlines Inc., signaling a mega d...

Hyundai Motor hires Goldman as adviser for Boston Dynamics acquisition

Hyundai Motor Co. has hired Goldman Sachs Group Inc. as its adviser in its attempt to acquire Boston Dynamics Inc., signaling the seriousness of the S...

GS Retail, Home Shopping merge to become retail giant

South Korean conglomerate GS Holdings has decided to merge two of its retail units — the country's No. 1 convenience store chain operator and a ...

Hyundai Motor may buy Boston Dynamics to bolster robotics business

Hyundai Motor Co. may acquire Boston Dynamics Inc., a US-based robotics company, from Japan’s SoftBank Group Corp. in a deal worth as much as $1...

Hyundai seeks cut in $1.9 bn Daewoo Shipbuilding deal price

Hyundai Heavy Industries Holdings Co. is seeking to cut the 2.1 trillion won ($1.9 billion) acquisition price for a majority stake in South Korean riv...

Korea's most-repurchased mask maker up for sale

Wellkeeps Co., a South Korean mask manufacturer, has issued an information memorandum to potential buyers including financial investors and strategic ...

Korea's largest job portal JobKorea up for sale

South Korea-based private equity firm H&Q has begun the sale process for JobKorea, the country's largest job portal estimated to be worth up to $7...

Samyang joins bid to acquire US-based chemical maker Emerald Kalama

Samyang Holdings Corporation, a South Korean manufacturer of food and chemical products, has joined the bid to acquire US-based Emerald Kalama Chemica...

Korean VR startup acquired by Fortnite creator

Hyprsense, a facial motion capture software developer, has been acquired by Epic Games, the creator of international blockbuster game Fortnite, accord...

GS E&C challenges Hyundai Heavy in Doosan deal

GS Engineering & Construction Co. (GS E&C) has joined the bidding for a stake in Doosan Infracore Co. after the bid submission deadline, a mov...

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...