Deals

Kakao Games
Updated: Kakao Games to shore up M&A with IPO proceeds – CEO
Kakao Games Corp. will use proceeds from the initial public offering to carry out active M&A among game sectors, said Namkoong-whon, the company's chief executive officer during an online press conference on August 26.“In addition to M&
Aug 25, 2020 (Gmt+09:00)
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dollar bond
KT issues $400 mn dollar-denominated bond with record-low 1% interest rate
South Korea’s telecom giant KT Corp. has set a record-low interest rate among privately-held Korean companies with the issue of a dollar-denomin...
Aug 25, 2020 (Gmt+09:00)
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Energy
South Korea moves in on overseas coal project financing ban
South Korea's parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deal...
Aug 24, 2020 (Gmt+09:00)
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Private equity
Carlyle Group to exit from Korean OEM apparel exporter in seven years
The Carlyle Group has sold off its stake in South Korea's Yakjin Trading Corp., an original equipment manufacturer (OEM) for global brands such a...
Aug 21, 2020 (Gmt+09:00)
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Waste management
KKR wraps up $739 mn purchase of Korean waste management firms
KKR & Co. of the US has finalized the 875 billion won ($739 million) purchase of two South Korean waste treatment companies after completing its f...
Aug 21, 2020 (Gmt+09:00)
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M&A
CJ Logistics seeks to sell construction business; Credit Suisse named as advisor
CJ Logistics Corp. is seeking to sell its profit-making construction business as part of its parent group’s restructuring scheme.The logistics s...
Aug 20, 2020 (Gmt+09:00)
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Waste management
SK Eng beats Goldman, Keppel in $846 mn bid for Korean waste treatment firm
SK Engineering & Construction Co. Ltd. has beat Goldman Sachs Merchant Banking Division, Singapore’s Keppel Infrastructure Holdings and two ...
Aug 19, 2020 (Gmt+09:00)
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M&A
Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General
AXA, a French multinational insurance group, is keen to sell a 100% stake in its South Korean operation, AXA General Insurance Co., according to indus...
Aug 19, 2020 (Gmt+09:00)
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Airlines
Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal
Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flig...
Aug 19, 2020 (Gmt+09:00)
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M&A
Billion-dollar deals likely to flood Korea’s M&A market in H2
South Korea’s mergers and acquisitions market is expected to gain momentum toward the end of the year, as the coronavirus pandemic pushes large ...
Aug 18, 2020 (Gmt+09:00)
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Renewable energy
Hanwha eyes gains running hydrogen fueling stations for US startup
Hanwha Group may exercise its rights to operate more than 700 hydrogen fueling stations to be built across the US and Canada by US hydr...
Aug 17, 2020 (Gmt+09:00)
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Battery
SK Lubricants up for sale as parent firm bulks up EV battery business
SK Innovation Co. Ltd., the single shareholder of SK Lubricants Co. Ltd., has put the lube base oil supplier up for sale as the parent company seeks n...
Aug 13, 2020 (Gmt+09:00)
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Merger review
Merger reviews hit record high in H1 with 424 cases worth $125.5 bn
The number of merger reviews has hit a record high in Korea for the first half of the year, with 424 filings made to the Korea Fair Trade Commission (...
Aug 13, 2020 (Gmt+09:00)
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SK Hynix
SK Hynix joins in $60 mn funding for US chip design startup SiFive
SK Hynix Inc. has recently participated in a $60 million funding for the US semiconductor startup SiFive, SK Hynix said on August 12.Saudi Aramco and ...
Aug 12, 2020 (Gmt+09:00)
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Debt
Lotte Corp to include ESG bonds in $126.5 mn corporate bond offering in September
Lotte Corporation is set to become the first South Korean holding company to issue environmental, social, and governance (ESG) bonds, according to inv...
Aug 12, 2020 (Gmt+09:00)
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Debt
Korean telecom giant KT to issue $400 mn dollar bond in August
South Korea’s telecom giant KT Corp. plans to raise $400 million by issuing a dollar-denominated bond around the end of August, according to inv...
Aug 11, 2020 (Gmt+09:00)
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Mahindra
India’s Mahindra willing to give up management rights in Ssangyong Motor
India’s Mahindra and Mahindra Ltd., with a 75% stake in South Korea’s Ssangyong Motor Co. Ltd., has expressed its intention to give up man...
Aug 10, 2020 (Gmt+09:00)
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Waste management
Goldman, Keppel Infrastructure, SK Eng vying for top Korean waste disposal firm
South Korea’s largest waste treatment company EMC Holdings Co. Ltd. has drawn binding bids from Goldman Sachs Principal Investment Area (PIA) Gr...
Aug 10, 2020 (Gmt+09:00)
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IPO
SK to invest $300 million in ChinData Group by joining in pre-IPO share sale
SK Corp. is investing $300 million (360 billion won) in Chinese data center operator ChinData Group as the South Korean company seeks to benefit from ...
Aug 10, 2020 (Gmt+09:00)
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KOSPI
Kospi's 12-month P/E ratio hits a 13-year high
Kospi has posted a 13-year high with 12-month forward price-earnings ratio recording 12.84 times on August 6, according to financial data provide...
Aug 10, 2020 (Gmt+09:00)
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M&A
Hanwha taps into ESS business by acquiring 100% stake in US-based Geli
Hanwha Q CELLS has acquired a 100% stake in the energy software company Growing Energy Labs, Inc (Geli) in a move to step up its energy business in th...
Aug 08, 2020 (Gmt+09:00)
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TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale
The US private equity firm TPG Capital and South Korea’s top Internet portal Naver Corp. have participated in preliminary bidding for a pre-IPO ...
Aug 07, 2020 (Gmt+09:00)
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M&A
Hanwha loses to Chevron in a bid to acquire 50% stake in US-based ethane cracker
Hanwha Group has lost to US-based chemical company Chevron Phillips in a bid to acquire a 50% stake in global chemical company Sasol’s...
Aug 06, 2020 (Gmt+09:00)
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Insurance
US insurer Cigna’s Korean unit says no decision yet on its possible sale
LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...
Aug 06, 2020 (Gmt+09:00)
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IPO
Korean game platform seeks $323 mn IPO in non-contact business boom
Kakao Games Corp., a unit of South Korea’s top mobile messaging app operator, is seeking to raise up to 384 billion won ($323 million) from an i...
Aug 05, 2020 (Gmt+09:00)
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Big Hit Entertainment
[Upcoming IPO] BTS label Big Hit’s IPO expected to raise around $840 mn
Investors are expecting Big Hit Entertainment to pull in the highest subscription demand for public shares during the initial public offering process ...
Aug 05, 2020 (Gmt+09:00)
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Reinsurance
Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers
The Carlyle Group has joined hands with Korean Re, the largest reinsurer in South Korea, to become the first co-reinsurance providers in a market esti...
Aug 04, 2020 (Gmt+09:00)
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Entertainment
Naver inks $83.8 million investment deal in SM Entertainment to boost streaming platform
Naver, a Korean online platform giant, has invested 100 billion won ($83.8 million) in SM Entertainment's subsidiaries SMEJ Plus and Mystic Story in a...
Aug 04, 2020 (Gmt+09:00)
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REIT
Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO
A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...
Jul 27, 2020 (Gmt+09:00)
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IPO of Korea’s first overseas property-backed REIT receives tepid response
The initial public offering of JR Global REIT, set to be South Korea’s first listed REIT backed by overseas property, was undersubscribed 0.23 t...
Jul 26, 2020 (Gmt+09:00)
3 Min read
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