stake selloff
Scope
Date
~
-
Samsung Group
Samsung Group to speed up corporate governance reform
Samsung Group, South Korea’s largest conglomerate, is expected to accelerate the restructuring of its corporate governance to help Vice Chairm...
Aug 15, 2022 (Gmt+09:00)
-
Electronics
Samsung’s new foldables: High-stakes game changers in smartphones
Samsung Electronics Co. on Wednesday unveiled its fourth-generation foldable phones – new additions to its high-end line of Galaxy Z Fold and ...
Aug 10, 2022 (Gmt+09:00)
-
Energy
KOGAS to cut exposure to Indonesia LNG project in 2027
The state-run Korea Gas Corp. (KOGAS) has decided to reduce its exposure to a $2.8 billion joint liquefied natural gas (LNG) project in Indonesia in...
Aug 07, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
LX Pantos mulls Air Premia acquisition to facilitate global logistics service
LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co.,...
Aug 01, 2022 (Gmt+09:00)
-
IPOs
Aramco-backed Hyundai Oilbank drops IPO on market downturn
Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, withdrew its plan for an initial public offering as local stock markets tumbled,...
Jul 21, 2022 (Gmt+09:00)
-
Retail
Naver's Kream buys stake in Malaysian resale platform
Kream, the resale platform of South Korea’s online portal Naver Corp., has agreed to buy a stake in Malaysia’s biggest sneaker resale co...
Jul 19, 2022 (Gmt+09:00)
-
Electric vehicles
Hyundai’s IONIQ 6 travels faster, farther than Tesla Model Y, Mercedes EQS
BUSAN – Hyundai Motor Co. has launched the IONIQ 6, its first fully electric sedan, which it claims runs faster and boasts a longer range than...
Jul 14, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
Bain Capital, Lotte Chem. among shortlisted bidders for Iljin
A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...
Jul 13, 2022 (Gmt+09:00)
-
Logistics
Korean exporters fret over looming labor strife at Long Beach, Hamburg
South Korea’s major companies are anxious about looming labor strife at the Port of Long Beach, California and strikes at German ports –...
Jul 12, 2022 (Gmt+09:00)
-
IPOs
Aramco-backed Hyundai Oilbank wins prelim nod for H2 IPO
South Korea's Hyundai Oilbank Co. on Wednesday won preliminary approval for an initial public offering on the Korea Exchange, which may provide its ...
Jun 30, 2022 (Gmt+09:00)
-
Metaverse
Shinsegae to build metaverse presence with Hancom
South Korea’s retail powerhouse Shinsegae Inc. will kickstart its efforts to build a metaverse presence, while seeking to buy a stake in its d...
Jun 23, 2022 (Gmt+09:00)
-
Travel & Leisure
Lotte Tour sees turnaround on higher property value
South Korea's Lotte Tour Development Co. has decided to book 568 billion won ($440 million) in valuation gains from its stake ownership of the land ...
Jun 20, 2022 (Gmt+09:00)
-
Corporate restructuring
SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn
SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...
Jun 16, 2022 (Gmt+09:00)
language -
Mergers & Acquisitions
Korea webtoon startup Kenaz acquired by hedge fund
South Korea’s leading webtoon production startup Kenaz was taken over by a domestic hedge fund as it aims to reduce dependence on major platfo...
Jun 15, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
Baring PEA set to buy $1 bn stake in PI Advanced Materials
Hong Kong-based Baring Private Equity Asia is set to buy a majority stake in the world’s largest polyimide film manufacturer PI Advanced Mater...
Jun 07, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C
Dubai’s sovereign wealth fund is discussing the sale of Ssangyong Engineering & Construction Co. to a South Korean textile business group....
Jun 02, 2022 (Gmt+09:00)
language -
Corporate restructuring
SK set to buy stake in Bill Gates' TerraPower
SK Innovation Co., South Korea's leading petrochemical company, is planning to buy a stake in TerraPower, a US nuclear power venture founded by Bill...
Jun 02, 2022 (Gmt+09:00)
-
Batteries
LG Chem to launch JV with China's Huayou Cobalt for battery materials
LG Chem Ltd. announced Tuesday it will set up a joint venture with Chinese mining company Zhejiang Huayou Cobalt Co. to secure a steady supply of ra...
Jun 01, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
Iljin Materials aims to complete stake sale in August
Iljin Materials Co., a South Korean electric vehicle battery materials maker, accelerated the process of the sale of a majority stake in a deal esti...
May 30, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
PI Advanced, NexFlex draw bids from foreign rivals, PE firms
Two leading South Korean materials companies PI Advanced Materials Co. and NexFlex Co. have drawn final bids mainly from foreign rivals and private ...
May 27, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
Why Iljin Materials' CEO has put a majority stake up for sale
Iljin Materials Co., a South Korean supplier of electric vehicle battery materials, has put a majority stake up for sale, which is estimated at arou...
May 24, 2022 (Gmt+09:00)
-
IPOs
Hyundai Card shelves IPO after Fubon buys 20% stake
South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its ...
May 20, 2022 (Gmt+09:00)
-
Waste management
SK Ecoplant to invest $80 mn in Malaysia for SE Asia biz
South Korea’s top waste management company SK Ecoplant Co. is set to expand its business in Southeast Asia with an $80 million investment in M...
May 20, 2022 (Gmt+09:00)
language -
Pension funds
NPS, KTCU to invest $390 mn in US major power generator
Some major South Korean institutional investors, including National Pension Service (NPS) and Korean Teachers’ Credit Union (KTCU), are set ...
May 19, 2022 (Gmt+09:00)
-
Petrochemicals
Lotte Chemical raises stake in Fine Chemical amid merger talk
South Korea’s Lotte Chemical Corp. has raised its stake in affiliate Lotte Fine Chemical Co. amid speculation that the two companies may merge...
May 15, 2022 (Gmt+09:00)
-
Metaverse
CJ ENM buys stake in US metaverse firm Hyperreal
South Korean entertainment powerhouse CJ ENM Co. has acquired a minority stake in US metaverse entertainment and media firm Hyperreal Digital Inc., ...
May 03, 2022 (Gmt+09:00)
language -
Banking & Finance
Shinhan to boost Vietnam digital services with Tiki
South Korea's Shinhan Financial Group has picked Vietnam’s e-commerce startup Tiki as its first strategic partner in the Southeast Asian count...
May 02, 2022 (Gmt+09:00)
-
Steel
Dongkuk buys 15% stake in Vietnamese steel fabricator
Dongkuk Steel Mill Co., South Korea’s leading color-coated steel manufacturer, said on Wednesday it has acquired a 15% stake in VSSC Steel Cen...
Apr 27, 2022 (Gmt+09:00)
-
Mergers & Acquisitions
Hana Fin. boosts Vietnam presence with BIDV Securities stake
South Korea's Hana Financial Investment Co. has become the second-largest shareholder in Vietnam's BIDV Securities after buying a 35% stake in the V...
Apr 25, 2022 (Gmt+09:00)
-
Pension funds
NPS’ shareholder meeting vetoes cast pall on its profitability
National Pension Service (NPS) of South Korea, the world's third-largest pension fund with 948.7 trillion won ($768.9 billion) in assets under man...
Apr 20, 2022 (Gmt+09:00)
Latest News
- 1 Maybe Happy Ending: How a Seoul-made robot love story rewrote the Broadway playbook
- 2 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 3 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 4 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 5 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs