The korea economic daily

HDC-Mirae Asset consortium takes majority in Asiana Airlines for $2.2 bn

A consortium of Hyundai Development Company (HDC) and Mirae Asset Daewoo Co. Ltd. has agreed to take a 76.5% stake in Asiana Airlines Inc. for 2.5 tri...

Goldman, GIC, Sequoia to exit from Korean food delivery app in $4 bn deal

Goldman Sachs, Singapore’s GIC and Sequoia Capital are among the financial investors set to secure handsome returns from a combined 506 billion ...

Macquarie buys $800 mn stake in LG Group’s IT firm

Macquarie’s South Korean unit signed a definitive agreement on Dec. 6 to buy a non-controlling stake in LG CNS Co. Ltd., an IT services arm of L...

Prudential seeks to sell Korean insurance arm in estimated $2 bn deal

Prudential Financial Inc. has put its South Korean life insurance arm on the market, as the US insurance giant is seeking to shed part of overseas ass...

SK Group, Hillhouse Capital to form $850 mn fund to invest in Chinese start-ups

SK Group will set up a 1 trillion won ($850 million) fund with China’s private equity firm Hillhouse Capital Group to invest in Chinese start-up...

Mirae Asset consortium likely to clinch $2.1 bn Asiana Airlines deal

A consortium of Mirae Asset Daewoo Co. Ltd. and Hyundai Development Company (HDC) is set to be announced as a preferred buyer of a controlling stake ...

Macquarie tipped to buy Korea’s top industrial gas producer for $2.2 bn

Macquarie Group has approached MBK Partners to acquire Daesung Industrial Gases Co. Ltd. and offered around 2.5 trillion won ($2.2 billion) for full o...