M&A
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[Exclusive] Deals
Biggest deal in Korea: Hanon Systems stake sale draws KKR, Carlyle, TPG
The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investors...
May 16, 2021 (Gmt+09:00)
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M&As
Korean PEF clinches $1.7 bn TaylorMade Golf acquisition
South Korea's lesser-known private equity firm Centroid Investment Partners has acquired US sports equipment manufacturing firm TaylorMade Golf Co. f...
May 11, 2021 (Gmt+09:00)
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M&As
Naver vs Kakao: Intense rivalry to extend beyond Asia
South Korea's two online giants Naver Corp. and Kakao Corp. have completed their respective acquisitions of storytelling platforms in the US and Cana...
May 11, 2021 (Gmt+09:00)
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M&As
Delivery app Yogiyo bidders narrowed to Shinsegae, PEFs
Germany's Delivery Hero SE has narrowed down the list of bidders for South Korea’s second-largest food delivery platform Yogiyo to Shinsegae In...
May 11, 2021 (Gmt+09:00)
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Battery materials
Korea’s major firms look for M&A targets in battery materials business
South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is growi...
May 06, 2021 (Gmt+09:00)
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Startups
IB-turned-podcaster in quest of hidden startup gems
A seasoned investment banker of Korean origin, David Kim, has turned his eyes to rising startups that have yet to receive attention and began to intr...
May 06, 2021 (Gmt+09:00)
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Delivery platforms
Delivery app Yogiyo draws bids from retailers, PEFs
South Korea’s second-largest food delivery app Yogiyo has drawn about 10 preliminary bidders, including retailer Shinsegae and private equity f...
May 05, 2021 (Gmt+09:00)
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Divestment and investment
SK Innovation set to flex muscle with $4 bn in new cash
SK Innovation Co., South Korea's leading electric vehicle battery maker, is on course to raise more than 5 trillion won ($4.5 billion) this year from...
May 02, 2021 (Gmt+09:00)
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F&B industry
BTS-loved kombucha brand Teazen up for sale
The majority shareholder of South Korea’s fine tea brand Teazen Co. is seeking to sell ownership of the company, attracting multiple potential ...
Apr 29, 2021 (Gmt+09:00)
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Stake sales
Evercore joins as advisor for S.Korea’s Hanon Systems stake sale
Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority s...
Apr 23, 2021 (Gmt+09:00)
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Stake sale
IMM Private Equity to acquire 40% stake in SK Lubricants for $900 million
Seoul-based IMM Private Equity will acquire a 40% stake in South Korea’s SK Lubricants Co., wholly owned by SK Innovation Co., for about one tr...
Apr 22, 2021 (Gmt+09:00)
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Post-pandemic
Korean PEFs raise bets on pandemic-hit aircraft sector
The aviation industry, one of the hardest-hit sectors by the global pandemic, is now whetting the appetite of South Korean private equity firms which...
Apr 22, 2021 (Gmt+09:00)
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[Exclusive] EV batteries
Copper foil maker raises $700 mn funding to build Europe plant
South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billion...
Apr 21, 2021 (Gmt+09:00)
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PEFs
EastBridge beats KKR, TPG to buy Korean waste disposal firm
South Korea-based EastBridge Partners has agreed to acquire a majority stake in the country's waste treatment firm YIDO for around 260 billion won ($...
Apr 21, 2021 (Gmt+09:00)
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M&As
Hyundai denies talks to sell stake in Rotem to Siemens
Hyundai Motor Co. said on Wednesday that it is not seeking to sell a stake in Hyundai Rotem Co., in response to reports that the South Korean carmake...
Apr 20, 2021 (Gmt+09:00)
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M&As
Citibank Korea's retail arm sale may fuel M&A market
Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fin...
Apr 16, 2021 (Gmt+09:00)
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Web platforms
Naver, Kakao vie for Korean web novel platform
Naver Corp. and Kakao Corp., South Korea's two online giants, are competing to acquire Munpia Inc., their smaller domestic rival in the web novel mar...
Apr 15, 2021 (Gmt+09:00)
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Doosan restructuring
Doosan taps PEFs to sell copper clad board division
Doosan Co., the holding company of South Korea's Doosan Group, is in contact with several private equity firms to sell its in-house electronic materi...
Apr 13, 2021 (Gmt+09:00)
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M&As
Outback Steakhouse Korea put up for sale by PEF
South Korea-based private equity firm Skylake Equity Partners is seeking to sell a 100% stake in Outback Steakhouse Korea, as the PE firm and sale ma...
Apr 12, 2021 (Gmt+09:00)
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Block deal
Korea state agency sells $134 mn Woori Fin shares
The Korea Deposit Insurance Corp. (KDIC) has reduced its stake in Woori Financial Group to 15.25% by selling 149.2 billion won ($134 million) worth o...
Apr 09, 2021 (Gmt+09:00)
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[Exclusive] E-commerce
Kakao to buy fashion app, pushing aside eBay Korea
Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform target...
Apr 08, 2021 (Gmt+09:00)
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[Exclusive] Stake sales
Hankook Tire to sell stake in Hanon Systems, eyes $900 mn gains
South Korea’s Hankook Tire & Technology Co. plans to divest of its 19.5% stake in Hanon Systems Corp., an auto parts maker, in a move that ...
Apr 08, 2021 (Gmt+09:00)
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PEF exits
IMM PE's art of the exit: Cable maker, online mall
Seoul-based IMM Private Equity has come into the spotlight with a series of lucrative exits in South Korea, including the 265 billion won ($237 milli...
Apr 08, 2021 (Gmt+09:00)
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Overseas investments
Naver invests $150 million in Indonesia’s No.1 media group Emtek
South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest technol...
Apr 07, 2021 (Gmt+09:00)
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Delivery apps
Sale of Korea’s No.2 delivery app Yogiyo kicks off with May 4 prelim bid
The sale of South Korea’s second-largest food delivery app Yogiyo has kicked off with the sell-side issuing an information memorandum to potent...
Apr 07, 2021 (Gmt+09:00)
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Global M&As
Deep inside the deal: HYBE-Ithaca merger
The recent merger deal between two global entertainment powerhouses, HYBE Co. of South Korea and Ithaca Holdings of the US, will create a mega music ...
Apr 07, 2021 (Gmt+09:00)
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Retailer purchases
SK Group acquires 16.3% of Vietnam’s top retailer for $410 million
South Korea’s SK Group has acquired 16.3% of Vincommerce, Vietnam’s top retail business operator, for $410 million as part of a move to e...
Apr 06, 2021 (Gmt+09:00)
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Music and entertainment
BTS, Bieber, Lovato celebrate HYBE-Ithaca alliance
HYBE Co. and Ithaca Holdings, the two entertainment powerhouses that recently joined hands to create the mega music label that will house BTS, Ariana...
Apr 06, 2021 (Gmt+09:00)
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[Exclusive] EV batteries
SK Group eyes jackpot from investment in battery maker SES
South Korea’s SK Group is expected to pocket at least a tenfold return from its investment in electric vehicle battery startup SES as the batte...
Apr 05, 2021 (Gmt+09:00)
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[Exclusive] Digital contents
Kakao in talks to buy US fiction app in heated IP rivalry
South Korea's mobile giant Kakao Corp. is in negotiations to buy the management rights of US-based mobile fiction startup Radish Fiction for around 4...
Apr 04, 2021 (Gmt+09:00)
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