split-off

Shareholder activism Must Asset calls on Young Poong to take steps to boost shareholder value

South Korea’s Young Poong Corp., embroiled in a fierce management control dispute with Korea Zinc Inc., is now the target of an activist fund ...

Executive reshuffles Shinsegae Group splits E-Mart, department store with executive reshuffles

South Korea’s retail giant Shinsegae Group on Wednesday carried out one of its most drastic executive reshuffles, officially splitting the gro...

Corporate restructuring SK Networks to split off SpeedMate, trade division

South Korea's SK Networks Co. plans to split off its auto management division SpeedMate and its trading unit.The board of directors approved the pla...

Batteries SK Nexilis launches copper foil production in Malaysia

KOTA KINABALU, Malaysia – South Korea’s SK Nexilis Co., the world’s largest copper foil maker, started commercial production at it...

Beauty & Cosmetics Beauty markets in three NE Asian nations split into cheap, small luxury

The beauty markets of South Korea, China and Japan are split into cost-effective products of under $10 and "small luxury" items like premium perfume...

Mergers & Acquisitions SK E&S eyes business split-up to raise up to $1. 5 bn

South Korea’s SK E&S Co. is seeking to split up its business to raise up to 2 trillion won ($1.5 billion), according to people with knowle...

Korean stock market HYBE employees accused of insider stock trading over BTS

Three HYBE employees on Wednesday were accused of insider stock trading, allegedly selling the South Korean entertainment giant's shares before K-po...

Shareholder activism Glass Lewis votes for Tcha Partners' proposal to change Namyang auditor

Global proxy advisory giant Glass, Lewis & Co. has voted for three out of the four proposals made by Seoul-based Tcha Partners Asset Management ...

Korean chipmakers S.Korea's DB HiTek to split off fabless, bulk up foundry business

DB HiTek Co., a leading chipmaker in South Korea, said on March 7 it is set to split off its fabless unit by May 2 to ramp up its foundry business.D...

Regulations Korea to allow investors to sell stocks at pre-split-off values

South Korea is set to allow individual shareholders to sell their stocks at prices before a split-off if they oppose a company’s separation pl...

Petrochemicals Hanwha, DL Chemical to split up two-decade-old YNCC joint venture

Yeochun NCC Co., a leading South Korean petrochemical producer, will split up after its two owners – Hanwha Group and DL Group – have ag...

Cloud computing NHN Cloud to raise $141 mn from stock issuance

South Korea’s cloud service provider NHN Cloud Corp. is eyeing 1.1 trillion won ($776 million) corporate value via a new stock issuance, marki...

Earnings Taekwang’s first loss in a decade dampens outlook

Taekwang Industrial Co., a South Korean petrochemical and textile company, reported its first quarterly loss in 10 years amid weakness in its key bu...

Mergers & Acquisitions Daewoo Shipbuilding may split up to find new owners

South Korea is considering splitting Daewoo Shipbuilding & Marine Engineering Co. into two units to facilitate the sale of the debt-ridden shipb...

Entertainment BTS' temporary split announcement weighs down HYBE's shares

K-pop sensation BTS on Tuesday made a surprise announcement that it will temporarily split up, saying its seven members need time for personal growt...

Corporate restructuring Hanwha Solutions to raise $491 mn with materials unit split-off

South Korea’s Hanwha Solutions Corp. is set to split off its advanced materials business and sell a stake in the unit to raise $491 million fo...

Entertainment CJ ENM drops split-off plan; to set up new film studio

CJ ENM Co., South Korea’s entertainment giant, has dropped a plan to carve out its content production business into a new unit in the face of ...

Corporate restructuring CJ ENM shelves content split-off plan; shares rise

South Korean entertainment powerhouse CJ ENM Co. has put its plan to split off its content business on the shelf in the face of growing opposition f...

Corporate restructuring NPS approves POSCO's split into holding firm, steelmaker unit

The National Pension Service (NPS) of Korea, the largest shareholder of POSCO Co., has given its nod to the steelmaking giant’s plan to spli...

Corporate restructuring Proxy advisors recommend NPS vote for POSCO split-off

South Korea's National Pension Service (NPS), the largest shareholder of POSCO Co., was recommended by all its four proxy advisors to vote for the s...

Shareholder value Tighter rules on business split-ups may benefit SK Inc.

As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...

Mergers & Acquisitions Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo Korea Co., London-headquartered multinational beverage alcohol company Diageo plc’s Korean affiliate and the biggest whisky importer in...

Corporate restructuring POSCO CEO says split-off units will never be listed

POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...

Batteries SK Innovation officially launches battery, E&P split-offs

South Korea’s SK Innovation Co. on Friday officially launched its battery and petroleum exploration and production businesses as separate enti...

Batteries SK Innovation shareholders approve battery split-off; 2022 IPO unlikely

Shareholders of South Korea’s SK Innovation Co. on Thursday approved the company's plan to separate its battery business into a new entity.Und...

EV Batteries NPS to veto SK Innovation’s battery unit split-off

South Korea’s pension fund is set to veto SK Innovation Co. 's plan to split off its battery unit as the move could undermine shareholder valu...

Batteries SK's battery unit split-off drives polarized responses

The share price of South Korea's SK Innovation Co. has extended losses following its confirmation on Tuesday of the battery business splif-off plan,...

EV Batteries SK Innovation to split battery unit in October, seeks IPO

South Korea’s top energy company SK Innovation Co. decided to split off its battery business in October with a plan to list the new affiliate ...

Batteries SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener

South Korea’s SK Innovation Co. said on Thursday it is considering a spin-off of its battery business and listing the separated entity on the ...

Corporate restructuring Korean firms split into new units for fair valuation amid uncertainty

The blurring of industry boundaries and increasing new opportunities in the pandemic era are driving major Korean companies to split businesses into...