Ford, SK On to unwind BlueOval JV amid prolonged EV slump

Ford Motor Co. and South Korea’s battery maker SK On Co. are dismantling one of the most ambitious battery alliances formed during the US EV b...

Heungkuk Life Insurance files complaint with police over IGIS sale process

Heungkuk Life Insurance Co. has filed a complaint against senior figures involved in the planned sale of IGIS Asset Management Co., the country&rsqu...

South Korea plans domestic asset-backed wealth fund modeled on Temasek

South Korea plans to create a sovereign wealth fund that would invest in state-owned assets, valued at around 1,300 trillion won ($900 billion), mod...

Sale of chicken chain Norang Tongdak restarts on renewed foreign interest

Interest from several foreign investors, including firms in Taiwan and Hong Kong, has revived the stalled sale of Korean chicken chain Norang Tongda...

NPS to pull all IGIS Asset-committed funds, throwing sale process into disarray

South Korea’s state-run pension fund, the National Pension Service (NPS), has moved to withdraw all of its money committed to IGIS Asset Manag...

GM Korea’s vehicle sales collapse to record low as Chinese EV maker BYD pulls ahead

The South Korean affiliate of US auto giant General Motors Co. saw its vehicle sales in November fall below 1,000 units – the lowest figure si...

Fried chicken chain Popeyes’ Korean operations put up for sale

Restaurant Brands International (RBI), the parent of Popeyes, is approaching private equity firms and mid-sized enterprises to sell the South Korean...

K-Beauty sweeps Amazon best-sellers list during US Black Friday

South Korea's beauty brands have outperformed global cosmetics giants to dominate sales rankings on Amazon.com during the US Black Friday shopping b...

Musinsa, Shinsegae V shine in K-fashion platform war; Ably, Zigzag struggle

Musinsa, South Korea’s fashion unicorn backed by KKR Co., and Shinsegae V, the online luxury item marketplace of retail giant Shinsegae Intern...

Samsung E&A, Veolia, Quantum Capital vie for Malaysia’s top waste management firm Cenviro valued at $1 bn

South Korea’s Samsung E&A Co., formerly Samsung Engineering Co., is seeking to acquire a controlling stake in Malaysia’s largest was...

Sino-Japanese tensions: Boon for Korean retailers; Musinsa, Daiso, CU welcome Chinese tourists

When 28-year-old Mao Xin arrived in Seoul late last month, Japan – once her preferred holiday destination – was no longer on the itinera...

Hyundai-Kia’s US market share climbs to record 10.9% in October

Hyundai Motor Co. and Kia Corp., under South Korea’s auto behemoth Hyundai Motor Group, are rapidly rewriting their place in the US auto marke...

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...

Taekwang, TPG team up to bid for K Shipbuilding in high-stakes sale

Taekwang Group has joined forces with TPG to acquire K Shipbuilding Co., marking the South Korean conglomerate’s boldest return to major dea...

EQT puts Acuon Capital, Acuon Savings Bank up for sale; likely largest M&A deal in years

Sweden’s EQT Partners, one of Europe’s largest private equity firms, has launched the sale of Acuon Capital Corp. and Acuon Savings Bank...

Four-way race set for IGIS Asset sale; Hanwha, Heungkuk, Hillhouse, CapitaLand shortlisted

The sale of South Korea’s top real estate asset management firm, IGIS Asset Management Co., has entered its final stage, with a shortlist of f...

Macquarie unloads 7% stake in LG CNS via $310 mn block sale at 9% discount

Private equity firm Macquarie Asset Management has sold about 7% of its stake in LG CNS Co., the IT services unit of South Korea’s LG Grou...

Samsung heirs sell $1.3 bn stake in Samsung Electronics for inheritance taxes

The heirs of late Samsung Group Chairman Lee Kun-hee offloaded about 1.8 trillion won ($1.3 billion) worth of Samsung Electronics Co. shares through...

Samsung heirs sell $1.3 bn stake in Samsung Electronics for inheritance taxes

The heirs of late Samsung Group Chairman Lee Kun-hee offloaded about 1.8 trillion won ($1.3 billion) worth of Samsung Electronics Co. shares through...

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 ...

Classys, majority owned by Bain Capital, acquires Brazil's biggest beauty device retailer

South Korean medical aesthetics company Classys Inc. has acquired JL Health Participacoes S.A., a medical beauty device retailer in Brazil, one of i...

BTS' V sparks Hirono craze, outshines LaBubu in global sell-out frenzy

A new character craze is sweeping the fashion and retail world — and this time, it’s Hirono, Pop Mart’s rising star often dubbed &...

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...

MBK-owned Homeplus turns to open auction after stalking-horse deal falters

Homeplus Co., a South Korean hypermarket chain operator undergoing court-led rehabilitation, has been placed on open auction after failing to attrac...

Hyundai, Kia set record US sales in Q3 as green cars defy tariff threat

Hyundai Motor Co. and Kia Corp. posted record quarterly sales in the US in the third quarter, thanks to strong demand for hybrids, electric vehicles...

Seoul bustles with Chinese group tourists on first day of visa-free entry

The chatter of Mandarin-speaking voices filled the air in central Seoul on Monday as retailers welcomed the first wave of Chinese group tourists all...

Foreign investors offload $7.4 bn in Korean bonds on rate freeze bets, forex uncertainty

Foreign investors offloaded about 10.4 trillion won ($7.4 billion) worth of Korean government bond futures in just three sessions last week, amid ex...

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 ...

Put BTS Jin’s face on it, Otoki sales jump tenfold

What happens when you put a K-pop superstar’s face on a ramen pack? For Otoki, the answer was a tenfold surge in sales.The food maker said T...