Deals
Mergers & Acquisitions
LIG Nex1 to buy quadruped robot maker Ghost Robotics for $240 mn
LIG Nex1 Co., a South Korean weapons system developer, has agreed to buy a 60% stake in Ghost Robotics Corp (GRC), a Philadelphia-based robot developer, for $240 million to advance into the US defense industry, the company said on Friday.LIG Nex1 wi
Dec 10, 2023 (Gmt+09:00)
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IPOs
EcoPro Materials, Doosan Robotics heat up Korean IPO market
South Korea’s initial public offering market is recovering as EcoPro Materials Co., Doosan Robotics Inc. and other newly listed jackpot shares ...
Dec 06, 2023 (Gmt+09:00)
3 Min read -
Chemical Industry
IMM among shortlisted bidders for special chemicals maker Songwon
Competition to acquire Songwon Industrial Co., one of the world’s top specialty chemicals makers, is heating up as the South Korean company and...
Dec 04, 2023 (Gmt+09:00)
1 Min read -
Korean games
S.Korea to put $3.6 bn shares in gaming giant NXC on sale
The South Korean government said on Monday it will launch a tender offer to sell off a 29.3% stake, valued at around 4.7 trillion won ($3.6 billion),...
Dec 04, 2023 (Gmt+09:00)
1 Min read -
E-commerce
SK gives up e-commerce platform management
SK Group, South Korea's No. 2 conglomerate, gave up its online retail platform 11Street Co. as financial investors are now able to sell off their sta...
Nov 29, 2023 (Gmt+09:00)
2 Min read -
Entertainment
CJ ENM, SK Square to merge OTTs to take on Netflix
CJ ENM Co., South Korea’s entertainment powerhouse, and SK Square Co., an investment unit of the country’s No. 2 conglomerate SK Group, a...
Nov 29, 2023 (Gmt+09:00)
6 Min read -
Mergers & Acquisitions
Eastspring Asset in Korea up for grabs at about $77 mn
Eastspring Asset Management Korea Co., the Korean operation of Prudential plc’s asset management unit, is up for sale for about 100 billion won...
Nov 28, 2023 (Gmt+09:00)
2 Min read -
Shipping & Shipbuilding
Korean shipbuilders seek overseas yards for surging orders
South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they have...
Nov 26, 2023 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Korea's KDB likely to tap top bidder for HMM in November
Competition to acquire HMM Co., the top container line in South Korea, is intensifying as the bidders are offering almost the same prices for the dea...
Nov 24, 2023 (Gmt+09:00)
3 Min read -
Entertainment
SM Entertainment invests in tech startup, music label
K-pop powerhouse SM Entertainment Co. invested 1 billion won ($774,353) in a local app development startup valued at 20 billion won in June 2022 via ...
Nov 21, 2023 (Gmt+09:00)
1 Min read -
E-commerce
SK Square pauses talks with Qoo10 over 11Street deal
SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-commer...
Nov 17, 2023 (Gmt+09:00)
2 Min read -
Tech, Media & Telecom
Kakao Mobility seeks to buy European taxi platform FreeNow
Kakao Mobility Corp., a ride-hailing service unit of South Korean tech giant Kakao Corp., is planning to acquire FreeNow, a European taxi platform op...
Nov 16, 2023 (Gmt+09:00)
2 Min read -
E-commerce
Alibaba continues eyeing S.Korean e-commerce M&A
Chinese tech giant Alibaba Group is seeking to purchase a major online retail platform in South Korea, one of the world’s largest e-commerce ma...
Nov 15, 2023 (Gmt+09:00)
1 Min read -
Korean chipmakers
Samsung bags $1 bn via ASML share sale for chip production
Samsung Electronics Co., the world’s largest memory chipmaker, has divested a 0.3% stake in Dutch chip equipment manufacturer ASML Holdings N.V...
Nov 14, 2023 (Gmt+09:00)
1 Min read -
Electric vehicles
Hyundai Mobis raises $940 mn via loan for EV parts plants in US
Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electrif...
Nov 08, 2023 (Gmt+09:00)
1 Min read -
Batteries
LX International to buy Indonesia's PT AKP for nickel mining
LX International Corp., the trading unit of South Korea’s LX Group, said on Tuesday it is slated to acquire a 60% stake in Indonesian miner PT ...
Nov 07, 2023 (Gmt+09:00)
1 Min read -
Korean stock market
Netmarble sells 6% stake in BTS label HYBE in block deal
South Korea’s leading game developer Netmarble Corp. said on Tuesday it sold a 6% stake in HYBE Co., the music label behind K-pop sensation BT...
Nov 07, 2023 (Gmt+09:00)
1 Min read -
Korean games
S.Korea seeks to sell 29% in game giant Nexon's holding firm
The South Korean government is planning to sell off a 29.3% stake in Tokyo-listed game giant Nexon Co.’s holding firm NXC Corp. via a public bi...
Nov 06, 2023 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Asiana Airlines to sell cargo business for merger with Korean Air
Asiana Airlines Inc. on Thursday decided to carve out its lucrative cargo business, clearing a major hurdle to its merger with bigger rival Korean Ai...
Nov 02, 2023 (Gmt+09:00)
3 Min read -
Private debt
Korea Investment raises $400 mn to expand US assets
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US a...
Oct 31, 2023 (Gmt+09:00)
1 Min read -
Bio & Pharma
Samsung Biologics eyes new drugmaker acquisitions
BARCELONA -- Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, is looking for acquisitions of new drugmak...
Oct 27, 2023 (Gmt+09:00)
2 Min read -
IPOs
LS Materials seeks November listing in $60 mn IPO
LS Materials Co., a South Korean energy storage devices maker, on Monday submitted a securities report to the Korea Exchange for an initial public of...
Oct 23, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's HMM creditors convert $739 mn bonds into shares
Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) and...
Oct 20, 2023 (Gmt+09:00)
2 Min read -
Airlines
Air Premia mulls $110 mn rights offer for more long-haul flights
South Korean low-cost carrier (LCC) Air Premia Inc. will make a decision on a rights offering worth up to 150 billion won ($110.4 million) at a board...
Oct 19, 2023 (Gmt+09:00)
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Construction
Taeyoung to sell cash cow to shore up ailing construction arm
South Korea’s medium-sized business group Taeyoung Group said on Wednesday it is near to selling its cash cow logistics unit to shore up its fl...
Oct 18, 2023 (Gmt+09:00)
2 Min read -
IPOs
Tesla supplier L&F's precursor unit begins IPO process
L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., has embarked on a process to list its subsidiary in the local ...
Oct 18, 2023 (Gmt+09:00)
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Bio & Pharma
Zuellig mulls acquiring S.Korea’s top drug distributor Geo-Young
Asia’s leading drug distributor Zuellig Pharma is considering the acquisition of Geo-Young Corp., the largest medicine wholesaler in South Kore...
Oct 18, 2023 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Korea's Harim to divest of Hanjin KAL shares to fund HMM acquisition
South Korea’s poultry processing company Harim Group is set to sell off all its Hanjin KAL Co. shares its affiliate owns to secure capital for ...
Oct 17, 2023 (Gmt+09:00)
1 Min read -
Carbon neutrality
SK to invest in S.Korean company for bio jet fuel materials
SK Group, South Korea’s energy-to-semiconductor conglomerate, is set to invest in a local renewable energy ingredient provider for stable procu...
Oct 17, 2023 (Gmt+09:00)
2 Min read -
Real estate
Mirae Asset puts HI Investment headquarters on the market
South Korea’s Mirae Asset Global Investments Co. is seeking to sell off HI Investment & Securities Co. headquarters, the value of which is ...
Oct 12, 2023 (Gmt+09:00)
2 Min read
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