M&A
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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)
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M&As
Internet portal Naver in negotiations to buy Korea’s Jeju Bank
Naver Corp., South Korea’s top online portal, is interested in buying Jeju Bank, named for and based on the country's largest island, to secure...
Jan 19, 2021 (Gmt+09:00)
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M&As
Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo
Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillion...
Jan 18, 2021 (Gmt+09:00)
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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)
