HMM bidders for acquisition
Scope
Date
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Shipping & Shipbuilding
HD Hyundai, Hanwha delivers 1st of 12 container ships to HMM
South Korea’s top container line HMM Co. said on Wednesday that it held a naming ceremony for HMM Garnet, a 13,000 twenty-foot equivalent unit...
Jan 24, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Harim, KDB in dispute over $5 bn HMM deal conditions
Talks to sell South Korea’s No. 1 ocean carrier HMM Co. to Harim Group, a leading poultry processor, have made little progress amid disputes o...
Jan 23, 2024 (Gmt+09:00)
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Aerospace & Defense
IMM invests $97 mn in Korean supplier of Boeing, Airbus
IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...
Jan 19, 2024 (Gmt+09:00)
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Korean food
Bibigo, K-food a success case in Harvard Business School study
Harvard Business School students are set to study the success of South Korean foods in the global market through the case of Bibigo, the leading bra...
Jan 15, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to raise capex, R&D spending; eyes acquisition
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to spend more on capital expenditures, as well as research and deve...
Jan 11, 2024 (Gmt+09:00)
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Batteries
EcoPro establishes Global Resources Office for securing core minerals
South Korean battery materials manufacturer EcoPro Co. announced on Tuesday that it has established a "Global Resources Office" to expedite the acqu...
Jan 09, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea’s HMM among shippers benefiting from growing Red Sea crisis
The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...
Jan 05, 2024 (Gmt+09:00)
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Korean games
Korea to sell $3.6 bn stake in NXC via private offering
The South Korean government is seeking to sell a 4.71 trillion won ($3.6 billion) stake in gaming giant NXC Corp. via private placement as the autho...
Dec 29, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Ocean carrier HMM's share price gains put KDB in hot seat
On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...
Dec 26, 2023 (Gmt+09:00)
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Real estate
ESR KendallSquare REIT leads Korean logistics sector
ESR KendallSquare REIT, overseeing 18 advanced logistics centers across South Korea, adeptly handled challenges in the real estate sector this year....
Dec 25, 2023 (Gmt+09:00)
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Fintech
Korean Kakao Pay’s acquisition of US' Siebert collapses
South Korean Kakao Pay Corp.'s takeover deal of US-based Siebert Financial Corp. has failed amid the growing legal risks surrounding top executives ...
Dec 20, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn
South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...
Dec 18, 2023 (Gmt+09:00)
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Chemical Industry
IMM among shortlisted bidders for special chemicals maker Songwon
Competition to acquire Songwon Industrial Co., one of the world’s top specialty chemicals makers, is heating up as the South Korean company an...
Dec 04, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korea's KDB likely to tap top bidder for HMM in November
Competition to acquire HMM Co., the top container line in South Korea, is intensifying as the bidders are offering almost the same prices for the de...
Nov 24, 2023 (Gmt+09:00)
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E-commerce
SK Square pauses talks with Qoo10 over 11Street deal
SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-comme...
Nov 17, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s HMM expands bulk carrier fleet for stable profit
HMM Co., South Korea’s top shipping company, is expanding its fleet, especially bulk carriers, for stable profits amid the sluggishness of the...
Nov 02, 2023 (Gmt+09:00)
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Private debt
Korea Investment raises $400 mn to expand US assets
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...
Oct 31, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics eyes new drugmaker acquisitions
BARCELONA -- Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, is looking for acquisitions of new drugma...
Oct 27, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's HMM creditors convert $739 mn bonds into shares
Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...
Oct 20, 2023 (Gmt+09:00)
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Real estate
Blackstone names Koramco preferred bidder for $553 mn landmark
Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...
Oct 19, 2023 (Gmt+09:00)
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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...
Oct 17, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SK Networks completes acquisition of en-core
South Korean trading firm SK Networks Co. announced on Friday that it has completed the acquisition process of en-core, a leading data solutions and...
Oct 06, 2023 (Gmt+09:00)
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Logistics
HMM to open fastest shipping route from S.Korea to Indonesia
South Korea's HMM Co. on Tuesday said it will open a direct route connecting Busan with the Indonesian cities of Jakarta and Surabaya.The revamped I...
Sep 26, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Woori, HMM, KOBC to buy bulk carrier operator Polaris
South Korean bulk carrier operator Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Priva...
Sep 21, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Dongwon founder vows to acquire Korea’s top container line HMM
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, has vowed to acquire HMM Co., the country’s top container ship ...
Sep 19, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HMM embarks on biofuel ship pilot testing on global route
South Korea has begun a pilot operation of a biofuel-powered container ship on a global route, the government said on Friday. HMM Co.'s container sh...
Sep 15, 2023 (Gmt+09:00)
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Mergers & Acquisitions
IMM PE invites potential buyers for Genuone worth $752 mn
South Korea’s top-tier contract drugmaker Genuone Sciences Inc. with an estimated value of up to 1 trillion won ($752 million) is smooth saili...
Sep 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SKC to acquire 12% stake in US chip packaging startup Chipletz
SKC Ltd., a South Korean chemical materials company, said on Monday it will take part in a series B round of investment in Chipletz, a US fabless su...
Sep 11, 2023 (Gmt+09:00)
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Beauty & Cosmetics
L'Oréal keeps door open for more K-beauty acquisitions
L'Oréal S.A., the leading global cosmetics maker, is considering more acquisitions and partnerships in the beauty sector of South Korea, the ...
Sep 01, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's HMM bidders shortlisted to LX Group, Harim, Dongwon
Bidders for HMM Co., South Korea’s top shipping company, have been shortlisted to LX Group, Harim Co. and Dongwon Industries Co., according to...
Aug 30, 2023 (Gmt+09:00)