STIC Investment to acquire laundry franchise giant Cleantopia for about $480 mn
STIC Investment, a South Korea–based private equity firm, is set to acquire Cleantopia, the country’s largest laundry franchise operator...
Homeplus sale back to square one after two initial bidders pull out
The court-supervised sale of Homeplus Co., a troubled South Korean hypermarket chain operator, has been thrown into disarray after all potential buy...
Korean securities firms' IMA rollout to unlock additional $14 bn in risk capital by 2028
South Korea’s push to expand retail access to investment banking products, particularly through investment management accounts (IMAs) and shor...
From founders to successors, S. Korea’s PE firms turn to younger bench for next phase
South Korea’s private equity industry, now in its 20th year, is entering a pivotal leadership transition as second-generation dealmakers step ...
EQT Partners acquires Korea’s leading ERP player Douzone Bizon for $905 million
Sweden’s EQT Partners, one of Europe’s largest private equity firms, has agreed to acquire a controlling stake in Douzone Bizon Co., Sou...
Blackstone, Partners Group, Ares, Neuberger Berman named S.Korean LPs' top private equity, private debt managers
Blackstone and Partners Group have been named the most preferred global private equity managers by South Korea's leading asset owners, while Ares an...
NPS sees $630 mn loss tied to MBK-owned Homeplus, vows GP selection reform
The National Pension Service (NPS) has estimated potential losses of about 900 billion won ($630 million) from its investment in MBK Partners-owned ...
Korea Investment & Securities partners with J.P. Morgan to expand global reach
Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., on Thursday discussed strategic cooperation with J...
SK Earthon puts stake in oil blocks in Vietnam up for sale
SK Earthon Co., the oil exploration arm of SK Innovation Co., has put its stake in three oil blocks in Vietnam, estimated to be worth 200 billion wo...
Korean Air pledges generous mileage conversion for Asiana customers ahead of merger
Korean Air Lines Co., South Korea’s top full-service carrier, will preserve the value of Asiana Airlines Inc.'s mileage points for up to a dec...
UCK Partners commences sale of Costco-supplier Umji Food
Seoul-based buyout firm UCK Partners has launched the sale of Umji Food Co., a Korean frozen foods maker valued at up to 300 billion won ($214.4 mil...
US golf brand PXG up for sale, draws interest from Korean PEFs
US premium golf brand Parsons Xtreme Golf (PXG) has put itself up for sale, drawing interest from several South Korean private equity firms seeking ...
Chinese milk tea brand Chagee to enter South Korea through JV
Chagee, one of the largest milk tea brands in China, is set to make inroads into South Korea through a joint venture (JV) with a local partner to ta...
S.Korea’s Lee signals end to ‘security with US, economy with China’ policy; to hike defense costs
WASHINGTON, D.C. – South Korean President Lee Jae Myung said on Monday that Seoul can no longer maintain its decades-old strategy of relying o...
STIC Investments set to acquire laundry chain Cleantopia
STIC Investments Inc., a Seoul-based private equity firm, is set to acquire Cleantopia, South Korea’s largest laundry service franchise operat...
UCK Partners sues ex-employee in Korea’s 1st PE non-compete case
UCK Partners has sued a former senior employee who joined local rival Premier Partners in June, alleging he violated a non-compete clause, in what i...
Korea Investment Partners invests $10 million in Elon Musk’s SpaceX
Korea Investment Partners Co. (KIP), one of South Korea’s largest venture capital and private equity firms, has invested $10 million in Elon M...
EQT acquires controlling stake in Remember, Korea’s answer to LinkedIn
Sweden’s EQT Partners, one of Europe’s largest private equity firms, has signed a deal to acquire Remember & Company, the operator o...
LG Chem sells dermal filler business to VIG Partners for $144 mn
South Korea’s leading chemical company LG Chem Ltd. has agreed to sell its dermal filler business to the country’s major buyout fund VIG...
JP Morgan advises sale of Korea’s professional network Remember
JP Morgan has been appointed to lead the sale of Remember & Company, the South Korean firm behind the country’s popular business card and ...
Keistone Partners acquires e-commerce logistics firm GoodsFlow from SK Energy
Keistone Partners has acquired GoodsFlow Co., an e-commerce logistics service provider, from oil refiner SK Energy Co. in a deal valued at around 50...
Musk confirms $16.5 bn alliance with Samsung: 'Spoke with Lee via video call'
Elon Musk isn’t leaving any room for doubt when it comes to Tesla’s multibillion-dollar chip deal with Samsung Electronics Co.The Tesla ...
IMM joins $600 mn fund for K-beauty unicorn Goodai Global in M&A drive
IMM Private Equity and five other South Korean private equity firms are set to invest a total of 800 billion won ($600 million) in Goodai Global Inc...
LG launches ChatExaone AI beta service, available soon for enterprise use
South Korea’s fourth-largest conglomerate LG Group has made its artificial intelligence chatbot, ChatExaone, available to external users, sign...
Hanwha Philly Shipyard wins 1st export-bound US LNG carrier order in 50 yrs
Hanwha Philly Shipyard has secured a 348 billion won ($250 million) order to build a liquified natural gas (LNG) carrier for Hanwha Shipping LLC, ma...
LG links up with Chinese rivals for budget appliance supremacy
LG Electronics Inc. has turned its rivals into allies in an unlikely pact to win the budget appliance war and ward off Chinese competitors rapidly e...
Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet
South Korea’s Hyundai Glovis Co. is poised to become the world’s first shipping company to deploy artificial intelligence-based autonomo...
JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel
JKL Partners Inc., a Seoul-based private equity firm, is set to acquire London Bagel Museum, a growing sensation in South Korea’s booming prem...
S.Korea’s leading ERP player Douzone Bizon up for sale; EQT, others in talks
Douzone Bizon Co., South Korea’s leading homegrown enterprise software firm and the country’s No. 2 player in the enterprise resource pl...
Growth equity portfolio largely shielded from policy headwinds: Summit
Growth equity investments have remained largely stable in the face of recent policy shifts, with key sectors like technology and healthcare avoiding...
