divestment

Mergers & Acquisitions JPMorgan, Jefferies picked to manage TaylorMade Golf sale

Centroid Investment Partners, a Seoul-based private equity firm, has selected JPMorgan and Jefferies as lead managers for the sale of TaylorMade Gol...

Real estate IGIS puts office tower, 2 nearby hotels on market in bundled sale

Prime office complex AP Tower and two adjacent hospitality properties in Seoul’s Gangnam Business District have been put up for sale in a bu...

Leadership & Management SK Square to ramp up chip investment with new CEO

South Korea’s No. 2 conglomerate SK Group said on Thursday that its investment arm SK Square Co., led by new CEO Han Myung-jin, will ramp ...

Tech, Media & Telecom NPS sells shares in KT, making Hyundai the top shareholder

Hyundai Motor Group has become the top shareholder of South Korea’s leading mobile carrier KT Corp., after the country’s National Pensio...

Insurance Lotte Insurance's value rises with long-term care expansion

When South Korean private equity firm JKL Partners acquired a 77% stake in Lotte Insurance Co. for about 730 billion won ($546.3 million) in 2019, m...

Real estate IGIS Asset Management's controlling stake put on sale

South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, has put the company’s 25% stake plus control prem...

Mergers & Acquisitions H&Q, Aeneas PE put online retailer 11Street on the market

H&Q Korea Partners and Hong Kong-based Aeneas Private Equity have put South Korea’s e-commerce platform 11Street Co. up for sale to recoup...

Mergers & Acquisitions Celltrion to sell portfolio of Takeda drugs to CBC Group

South Korea’s Celltrion Inc. will divest of a portfolio of Takeda Pharmaceutical's prescription medicines sold in Asia to CBC Group, a Singapo...

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...

Real estate Mirae Asset Securities puts its Yeouido building on the market

Mirae Asset Securities Co. is seeking to sell off its Seoul-based office building, the value of which is estimated at around 300 billion won ($223.7...

Private equity CJ CheilJedang to sell off its Brazilian soybean crusher

South Korean food giant CJ CheilJedang Corp. said Tuesday it will sell its full ownership in Brazilian soybean crusher CJ Selecta S.A., or a 66% sta...

Korean chipmakers SK Enpulse to sell off chip processing units in China

SK Enpulse Co., a South Korean semiconductor part and equipment maker, said on Wednesday it will sell off its chip pre-manufacturing processing unit...

Leadership & Management Cosmetics giant Amorepacific hints at succession plan change

South Korean cosmetics powerhouse Amorepacific Group Inc. is giving signs of changing its succession plans as Suh Min-jung, Chairman Suh Kyung-bae&r...

Food & Beverage CJ CheilJedang divests Chinese subsidiary Jixiangju for $235 mn

South Korean food giant CJ CheilJedang Corp. announced on Monday that it has completely sold its ownership stake in its Chinese food subsidiary, Jix...

Pension funds NPS buys more Hyosung Heavy Industries, LS Electric shares in Q2

National Pension Service (NPS) of South Korea increased investments in local machinery, shipbuilding and semiconductor stocks in the second quarter ...

Mergers & Acquisitions HYBE accepts Kakao’s tender offer to exit SM Entertainment

HYBE Co., the largest shareholder of SM Entertainment Co., said on Friday it has accepted Kakao Corp.’s tender offer to sell its shares in the...

Corporate investment S.Korea Inc. ramps up cash reserves amid economic woes

South Korean companies are rushing to raise cash from the beginning of the new year amid growing concerns over a global economic downturn and market...

Mergers & Acquisitions Hyundai Home Shopping to divest rental unit for $107 mn

Hyundai Home Shopping Network Corp., a TV shopping channel operator owned by South Korea's Hyundai Department Store Group, said on Dec. 26 it will s...

Shareholder activism Singapore PE firm proposes KT&G spin off ginseng biz

A Singaporean private equity firm has proposed a number of measures to KT&G Corp., the world’s fifth-largest tobacco maker, including a sp...

Private equity SK Square makes its first exit seeking new target firms

South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...

Mergers & Acquisitions MBK seeks to exit Korea’s Lotte Card for over $2.5 bn

MBK Partners is in the early stages of talks with telecom operator KT Corp. and other potential bidders to sell its majority stake in South Korea's ...

Private equity Morgan Stanley to sell Jeonju Paper for around $803 mn

New York-based Morgan Stanley Private Equity is slated to sell its entire stake in Jeonju Paper Corp., South Korea's top newsprint producer, and its...

Pension funds KTCU posts highest investment return since 2009

Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, earned an 11.3% return from investment last y...

E-commerce Coupang's No. 2 shareholder unloads over $1 bn shares

Coupang Inc.'s second-largest shareholder Geenox Capital sold about 1.6 trillion won ($1.4 billion) worth of shares in the South Korean e-commerce p...

Pension funds NPS posts near 10% IRR as of end-Aug, riding exit market boom

The National Pension Service (NPS) has achieved an average 9.65% return on investments as of the end of August, driven by overseas equity divestment...

Private equity Now is the time for PEFs to show their art of exit

Leading private equity firms, including Bain Capital, KKR & Co. and MBK Partners, appeared to have turned to an exit mode in South Korea this ye...

Equity divestment Affinity exits Hyundai Card, sells stake to Hyundai Commercial, Fubon

Affinity Equity Partners, a global private equity firm, and its financial partners have exited from their investment in Hyundai Card Co. by selling ...

PEF divestments PEFs knocking on door of Korean IPO market for profitable divestment

South Korean and overseas private equity firms are knocking on the door of the initial public offering market for profitable divestments, riding the...

SK Group's financial story: Measure, divest and focus

Last month, South Korea's third-largest conglomerate SK Group agreed to sell its 21-year-old baseball club SK Wyverns to the country’s leading...

Energy SK Innovation divests of stakes in US shale oil fields

SK Innovation Co. has sold its entire ownership in its US shale oil fields and their relevant facilities, in line with its parent group's efforts to...