Buy America policy
Scope
Date
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Economy
BOK raises growth view as it holds rate, warns against V-shaped recovery
The Bank of Korea has raised its growth forecast for this year and next, citing advances in vaccine development and a rebound in exports, after keep...
Nov 26, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Naver, Kakao unsettled by Google's in-app payment policy
Global tech giant Google’s in-app payment policy has been coolly received by South Korea’s leading platform companies, fueling criticism...
Nov 25, 2020 (Gmt+09:00)
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Airlines
Korean Air to buy rival Asiana in $1.6 bn deal to emerge as world’s 7th airline
Korean Air Lines Co. will spend 1.8 trillion won ($1.6 billion) to own a majority stake in beleaguered local rival Asiana Airlines Inc., in a deal t...
Nov 16, 2020 (Gmt+09:00)
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Markets
Foreign investors shift from growth stocks to net buy $3.5 bn in cyclicals
South Korea's stock market is seeing a shift in buying trends from foreign investors who are increasingly beefing up investments in cyclical stocks wh...
Nov 13, 2020 (Gmt+09:00)
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Airlines
Parent of Korean Air seeks to buy rival Asiana Airlines
Hanjin Group, which owns South Korea’s flag-carrier Korean Air Lines Co., is seeking to buy local rival Asiana Airlines Inc., signaling a mega d...
Nov 12, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor may buy Boston Dynamics to bolster robotics business
Hyundai Motor Co. may acquire Boston Dynamics Inc., a US-based robotics company, from Japan’s SoftBank Group Corp. in a deal worth as much as $1...
Nov 10, 2020 (Gmt+09:00)
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Korean chipmakers
SK Hynix to buy Intel’s NAND business in $9 bn cash deal
SK Hynix Inc. has signed a 10.3 trillion won ($9 billion) all-cash deal to buy Intel Corp.’s NAND memory chip business that will propel the Sout...
Oct 20, 2020 (Gmt+09:00)
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Waste management
KKR buys $386 mn stake in Korean sewage disposal firm
KKR & Co. has purchased a combined 440.8 billion won ($386 million) worth of shares in TSK Corp., a leading South Korean sewage and wastewater tre...
Oct 19, 2020 (Gmt+09:00)
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Mobile games
Korean mobile game developer buys out German rival
South Korean mobile game developer Com2uS Corp. has acquired a German gaming rival in its first cross-over buyout, in a move to bolster its sports gam...
Oct 12, 2020 (Gmt+09:00)
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Real Estate
Korea Investment near $120 mn deal to buy student housing in Texas
Korea Investment & Securities Co. Ltd. is close to acquiring a new student housing building near the University of Texas at Austin (UT Austin) for...
Sep 16, 2020 (Gmt+09:00)
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Central bank
BOK to buy $4.2 bn in state bonds by year-end to stabilize debt market
The Bank of Korea will buy state bonds worth 5 trillion won ($4.2 billion) directly from the market by the end of this year to stabilize the local deb...
Sep 08, 2020 (Gmt+09:00)
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M&A
Socius-Well to Sea consortium to buy Doosan Corporation Mottrol for $381 mn
Doosan Group is selling its hydraulic components manufacturing arm to a consortium of two local private equity investment firms -- Socius Advisors and...
Sep 04, 2020 (Gmt+09:00)
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Logistics
KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report
KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...
Aug 18, 2020 (Gmt+09:00)
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Real Estate
Foreigners’ Jan-May Korea apartment purchases top $1 bn on buying spree
Foreign investors have stepped up apartment purchases in South Korea in recent years, adding fuel to the already heated residential property market wh...
Aug 04, 2020 (Gmt+09:00)
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Markets
Bank of Korea keeps policy rate unchanged; no signal of further action
The Bank of Korea (BOK) left the benchmark rate unchanged at a record low of 0.5% as expected on July 16, citing the slowing economy and the overheate...
Jul 16, 2020 (Gmt+09:00)
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Waste management
KKR tipped to buy Korean waste treatment firms for $713 mn
KKR & Co. has been named as preferred buyer of two South Korean companies providing industrial and medical waste treatment services in a deal wort...
Jun 10, 2020 (Gmt+09:00)
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M&A
KKR consortium buys Seoul office tower from NPS
A consortium of KKR & Co. and two South Korean companies have closed the acquisition of a Seoul office tower from the National Pension Service (NP...
Feb 29, 2020 (Gmt+09:00)
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Alternative investment
NH Investment, KB Asset buy Dallas building for $370 mn
NH Investment & Securities Co. Ltd. and KB Asset Management Co. Ltd. have acquired an office building in Dallas for $370 million, which represente...
Feb 20, 2020 (Gmt+09:00)
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M&A
NH Investment, Nuveen jointly buy Amazon warehouse in Japan
NH Investment & Securities Co. Ltd. has taken a 50.1% stake in an Amazon distribution center in Japan for around 150 billion won ($130 million) in...
Jan 10, 2020 (Gmt+09:00)
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Real estate
Hana Fin, Hotel Lotte buy Seattle hotel for $175 mn
Hana Financial Investment Co. Ltd. and Hotel Lotte Co. Ltd. have acquired the hotel portion of a 44-story building in downtown Seattle for $175 millio...
Dec 31, 2019 (Gmt+09:00)
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Private equity
TPG buys Korean health supplement company for about $250 mn
Private equity firm TPG has acquired a small-sized South Korean dietary supplement manufacturer for around $250 million, in its first Korean buyout de...
Dec 29, 2019 (Gmt+09:00)
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Real estate
Meritz Sec buys Brussels building for $1.6 bn; plans REIT IPO
Meritz Securities Co. Ltd. has acquired Brussels’ largest building for 1.4 billion euros ($1.6 billion) in the single biggest property deal in B...
Dec 27, 2019 (Gmt+09:00)
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Alternative investment
IMM Investment buys stake in Texas Express Pipeline in $1 bn co-investment
South Korea’s IMM Investment Corp. has agreed to buy a 35% stake in Texas Express Pipeline, a joint venture for natural gas liquids transportati...
Dec 23, 2019 (Gmt+09:00)
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Alternative investment
Mirae Asset Daewoo buys three Boeing 777 planes for $450 mn
Mirae Asset Daewoo Co. Ltd. has sealed a $450 million financing deal to buy three Boeing 777-300ER aircraft leased by China Airlines, as the South Kor...
Dec 12, 2019 (Gmt+09:00)
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Private equity
Macquarie buys $800 mn stake in LG Group’s IT firm
Macquarie’s South Korean unit signed a definitive agreement on Dec. 6 to buy a non-controlling stake in LG CNS Co. Ltd., an IT services arm of L...
Dec 07, 2019 (Gmt+09:00)
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Real estate
Hana Fin buys Germany’s office complex from Blackstone for $1.1 bn
Hana Financial Investment Co. Ltd. closed on the 1.3 trillion won ($1.1 billion) purchase of Germany’s largest office complex in Frankfurt from ...
Dec 05, 2019 (Gmt+09:00)
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Alternative investment
Hana Fin-led JV buys 4 US student housing properties for $325 mn
Hana Financial Investment Co. Ltd. and Chicago-based Scion Group have acquired a portfolio of four newly-developed student housing facilities for $325...
Nov 19, 2019 (Gmt+09:00)
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Infrastructure
Macquarie tipped to buy Korea’s top industrial gas producer for $2.2 bn
Macquarie Group has approached MBK Partners to acquire Daesung Industrial Gases Co. Ltd. and offered around 2.5 trillion won ($2.2 billion) for full o...
Nov 07, 2019 (Gmt+09:00)
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Logistics
Samsung Sec buys Amazon logistics center in Czech for $160 mn: report
Samsung Securities Co. Ltd. has bought Amazon’s only logistics center in Czech Republic for 186 billion won ($160 million), in its fourth acquis...
Oct 31, 2019 (Gmt+09:00)
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Alternative investment
Meritz Securities buys 24 aircraft for $686 mn from US lessor
Meritz Securities Co. Ltd. has recently closed the acquisition of 24 aircraft for $686 million from Aviation Capital Group Corp. (ACG), in its third i...
Oct 17, 2019 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer