Barings LLC

Airlines Sono Hospitality becomes new owner of Korean budget carrier T’way Air

South Korea’s top resort operator Sono Hospitality Group has emerged as the new owner of budget carrier T’way Air Co. by acquiring ...

Airlines Sono Hospitality heralds proxy fight to control T’way Air

Sono Hospitality Group, South Korea’s top resort operator, has vowed to more actively horn in on the business of T'way Air Co., portending a p...

Corporate restructuring Lotte to liquidate rubber JV in Malaysia, sell overseas assets for $1 bn

South Korea’s No. 2 petrochemical manufacturer Lotte Chemical Corp. plans to liquidate its rubber joint venture in Malaysia to scale back its ...

Asset management Barings taps John Park as S.Korean asset management head

Barings LLC has appointed Chong Hak (John) Park as head and sole representative director of its South Korean asset management arm, effective Jan. 1,...

Batteries LG Energy barely fends off CATL in global EV battery market

LG Energy Solution Ltd. retained the top position in the global electric vehicle battery market excluding China in the first eight months of this ye...

Mergers & Acquisitions Glenwood files $40 mn arbitration claim against Baring PEA

Glenwood Private Equity has filed an arbitration claim of about 50 billion won ($40 million) against Baring Private Equity Asia (Baring PEA), after ...

Mergers & Acquisitions HYBE barely ups SM stake in tender offer amid tensions with Kakao

HYBE Co. has raised its stake in the K-pop pioneer SM Entertainment Co. by merely 0.98% in a tender offer, after just one institution and minority i...

Airlines Jeju Air teams up with startup Plana to explore urban air mobility

Jeju Air Co., South Korea’s largest budget airline, said on Monday that it signed a memorandum of understanding with Plana, a domestic startup...

Aerospace & Defense Kia participates in IDEX 2023, largest defense exhibition in MENA

On Monday, Kia Corp. announced its participation in IDEX 2023, a defense industry trade show being held at the National Exhibition Center in Abu Dha...

Airlines Jeju Air resumes daily flights to Hanoi, Ho Chi Minh City, Vientiane

South Korea's low-cost carrier Jeju Air Co. said on Monday that it would run daily flights from Korea to Hanoi and Ho Chi Minh City in Vietnam and V...

Mergers & Acquisitions Glenwood to sue Baring PEA over buyout deal cancellation

South Korea’s Glenwood Private Equity is set to take legal action against Hong Kong-based Baring Private Equity Partner over the cancellation ...

Mergers & Acquisitions Baring PEA breaks $1 bn PI Advanced Materials buyout deal

Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film manufacturer PI Adv...

Korean startups Translink: Startup fundraising barely affected by economic downturn

Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...

Corporate bonds It's time to bet on high-yield bond funds: Barings

High-yield bonds generally create greater yields than other funds, but low-quality bonds are vulnerable to economic downturns and the firms’ c...

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...

Mergers & Acquisitions Baring PEA to refinance two Korean lenders to recoup investment

Hong Kong-based Baring Private Equity Asia is planning to raise a total of 674 billion won ($532 million) in loans for South Korea's Acuon Capital a...

Supply chain Urea crisis lays bare South Korea’s heavy dependence on China

The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...

Private equity Baring PEA exits from Korean delivery firm in eight years

Baring Private Equity Asia has finally cashed out of South Korea's No. 5 parcel delivery company with a double-digit return, in eight years since it...

Private equity PEF-owned Korean firms jumping off IPO bandwagon

South Korea's initial public offering market is gaining fresh momentum from high-profile listings such as mobile banking app KakaoBank and game deve...

Private equity Baring PEA revives IPO plan for delivery firm Logen

Baring Private Equity Asia is joining a group of private equity firms that have just resumed the stalled process for initial public offerings of the...

Rights offering Affinity Equity, Baring PEA tipped to invest $1 bn in Shinhan Financial

Affinity Equity Partners and Baring Private Equity Asia will likely invest a combined 1.2 trillion won ($1 billion) in new shares of Shinhan Financial...

Private equity Baring PE Asia poised to sell Korean parcel delivery firm for $250 mn

Baring Private Equity Asia is in the final stages of talks with a South Korean private equity firm to sell the country’s No. 4 parcel delivery c...

NPS likely to name ex-head of Barings’ Korean unit as CIO this week

Thae Khwarg, a former head of Barings’ South Korean asset management arm, is highly likely to be named as chief investment officer of the National P...

Baring PEA in talks with CVC, Affinity to sell Korean parcel delivery firm

Baring Private Equity Asia (PEA) has resumed the sale process of South Korea’s No. 4 package delivery company, and authorized two private equity firms...

The planned sale of a South Korean parcel delivery firm by Baring Private Equity Asia to a strategic buyer has fallen through, after the last shortlis...