Deals
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Private equity
Affinity to buy Korea's No. 2 car leasing firm for $591 mn
Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591.4 million), marking the Asian buyout firm’s first major Korean asset acquisition in three year
Jun 20, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Innovation looks to merge with SK E&S for organic growth
SK Innovation Co., the parent of South Korea’s largest oil refiner SK Energy Co. and battery maker SK On Co., is looking to merge with energy a...
Jun 20, 2024 (Gmt+09:00)
3 Min read -
IPOs
Kosdaq cancels IPO approval for cloud developer InnoGrid
The Kosdaq market under the Korea Exchange said on Wednesday it has canceled its preliminary approval for InnoGrid Co.’s initial public offerin...
Jun 19, 2024 (Gmt+09:00)
1 Min read -
Airlines
Asiana's cargo unit to be sold for $362 mn to Air Incheon
South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon, a local airline dedicated to cargo business, as the preferred bidder to acquir...
Jun 14, 2024 (Gmt+09:00)
3 Min read -
Airlines
MBK drops out of Air Premia’s Asiana cargo unit takeover bid
Asian private equity firm MBK Partners has dropped out of a plan to back 300 billion won ($217.9 million) for South Korean budget airline Air Premia ...
Jun 12, 2024 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Rebellions-Sapeon Korea merger to challenge Nvidia’s AI chip dominance
Rebellions Inc., a South Korean artificial intelligence chip design startup, is merging with its crosstown rival Sapeon Korea Inc., an AI chip firm b...
Jun 12, 2024 (Gmt+09:00)
4 Min read -
Private equity
Q Capital named K-drama maker Chorokbaem's preferred bidder
Seoul-based private equity firm Q Capital Partners seeks to buy a 39.3% stake with management rights in South Korean drama series producer Chorokbaem...
Jun 11, 2024 (Gmt+09:00)
1 Min read -
Waste management
Carlyle, Keppel, Gaw Capital, IMM vying for Ecorbit
Carlyle Group, Temasek-backed Keppel Corp., Gaw Capital Partners, and a consortium of IMM Investment and IMM Private Equity have been selected as fin...
Jun 10, 2024 (Gmt+09:00)
2 Min read -
Private equity
France's Archimed seeks to delist aesthetic laser maker Jeisys
French private equity firm Archimed SAS, managing around €7 billion ($7.5 billion) in assets as of end-May, plans to secure a controlling stake ...
Jun 10, 2024 (Gmt+09:00)
1 Min read -
Bio & Pharma
SK Biopharm mulls acquiring firms, drug sales rights in US
SAN DIEGO, California -- South Korea’s SK Biopharmaceuticals Co. is considering acquiring firms in the US, or the sales rights to some of their...
Jun 07, 2024 (Gmt+09:00)
3 Min read -
Mergers & Acquisitions
Monalisa, Ssangyong C&B sold to Indonesia's APP
South Korea's hygiene products company Monalisa and Ssangyong C&B, known for its toilet paper brand Codi, will be sold to Indonesia's paper compa...
Jun 05, 2024 (Gmt+09:00)
1 Min read -
Energy
POSCO, Hancock to invest $432 mn in Senex's LNG production
POSCO International Corp., the general trading and resources exploration unit of South Korean steel giant POSCO Holdings Inc., said on Tuesday that i...
Jun 04, 2024 (Gmt+09:00)
1 Min read -
Retail
Shinsegae guarantees PE firms’ SSG.COM exit amid delayed IPO
Shinsegae Inc. and its supermarket chain operator E-Mart Inc. will bring in at least one investor by the end of this year to buy shares in SSG.COM fr...
Jun 04, 2024 (Gmt+09:00)
1 Min read -
Retail
MBK puts Homeplus’ supermarket chain unit up for sale
MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up ...
Jun 03, 2024 (Gmt+09:00)
2 Min read -
Leadership & Management
Korean catering firm Ourhome CEO to leave amid sibling feud
South Korea’s catering service provider Ourhome Ltd. Chief Executive and Vice Chairwoman Koo Ji-eun has failed in her attempt to serve another ...
May 31, 2024 (Gmt+09:00)
3 Min read -
Corporate bonds
Korea's bad loan managers seek liquidity via bond sales
South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid higher...
May 29, 2024 (Gmt+09:00)
2 Min read -
Batteries
SK On invests in Yuilrobotics for its US battery plants
SK On Co., the world’s fifth-largest electric vehicle battery producer, is slated to invest in South Korean robot automation system developer Y...
May 28, 2024 (Gmt+09:00)
2 Min read -
Real estate
Korea’s Shinsegae building unit to raise $478 mn to cut debts
South Korean retail giant Shinsegae Group’s building unit, suffering amid difficulties in the local real estate project financing sector, is se...
May 28, 2024 (Gmt+09:00)
2 Min read -
Automobiles
Hyundai Motor India to file for IPO in June: reports
Hyundai Motor Co. plans to file for an initial public offering of its wholly owned Indian subsidiary as early as June to raise up to $3 billion in wh...
May 28, 2024 (Gmt+09:00)
2 Min read -
Entertainment
HYBE offers to sell $62 mn SM Entertainment shares
HYBE Co., the company behind global sensations BTS and NewJeans, has offered to sell some of its shares in K-pop pioneer SM Entertainment Co. in a bl...
May 28, 2024 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Hanwha Galleria poised to buy drink maker Pure Plus
Hanwha Galleria Corp., a South Korean department store operator, signed a memorandum of understanding early this month to buy a domestic non-alcoholi...
May 27, 2024 (Gmt+09:00)
1 Min read -
Rights offerings
Kolon to invest additional $9 million in ride-hailing Papa Mobility
South Korea’s Kolon Group plans to invest an additional 12.4 billion won ($9.1 million) in Papa Mobility Co., bringing its total investment in ...
May 24, 2024 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Lunit buys breast cancer detection AI firm Volpara Health
Lunit Inc., a South Korean cancer diagnostics AI company, has completed the acquisition of Volpara Health Technologies Ltd., a New Zealand-based AI s...
May 22, 2024 (Gmt+09:00)
2 Min read -
Corporate bonds
Qcells’ residential solar financing unit raises $253 mn through ABS
Hanwha Q Cells Co., the solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group known as Qcells in overseas markets, s...
May 22, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korean landfill companies put on market after Affirma deal
South Korea’s landfill companies are increasingly being put up for sale, drawing interest from private equity firms and environmental companies...
May 17, 2024 (Gmt+09:00)
2 Min read -
Private equity
Affinity extends tender offer for food container maker Lock&Lock
Hong Kong-based Affinity Equity Partners is set to extend its tender offer for South Korean food container maker Lock&Lock Co. shares, as the pri...
May 16, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha buys S’pore Dyna-Mac’s stake for $73.8 mn from Keppel
South Korea’s chemicals-to-defense conglomerate Hanwha Group bought a stake in Dyna-Mac Holdings Ltd., a Singaporean floating facility designer...
May 13, 2024 (Gmt+09:00)
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Real estate
Korea's Taeyoung to sell local hotel to speed up debt workout
South Korea’s Taeyoung Group, which is undergoing a debt workout of its construction unit, is considering selling a four-star hotel and relevan...
May 12, 2024 (Gmt+09:00)
2 Min read -
Entertainment
Netmarble sells stake in BTS label HYBE for $161 mn
South Korean game developer Netmarble Corp. is selling a stake in HYBE Co., the label behind global K-pop sensation BTS, for 219.9 billion won ($161 ...
May 10, 2024 (Gmt+09:00)
1 Min read -
Bio & Pharma
Samsung Medison buys AI medical startup Sonio
South Korea’s Samsung Medison, a medical equipment subsidiary of the global memory chipmaker Samsung Electronics Co., is taking over France&rsq...
May 08, 2024 (Gmt+09:00)
1 Min read
Hidden Champions
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T-Robotics
Published: Mar 25, 2021
Last updated: Jan 30, 2023
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Buhmwoo Group
Published: Apr 21, 2021
Last updated: Jan 30, 2023
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Koh Young Technology Inc
Published: Sep 21, 2020
Last updated: Jan 20, 2023
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Jong Ie Nara
Published: May 26, 2021
Last updated: Apr 15, 2022
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3G Technologies
Published: Sep 25, 2020
Last updated: Jul 06, 2021
Future Unicorns
Latest News
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- 5 MSCI keeps Korea on emerging market list on short-selling ban