Project M
Scope
Date
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Business & Politics
Samsung on lookout for M&As; auto chipmakers among prime targets
Samsung Electronics Co., sitting on a cash pile of more than 100 trillion won ($90 billion), is actively pursuing mergers and acquisitions, with som...
Jan 31, 2021 (Gmt+09:00)
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Future mobility
Hyundai-partnered world-first urban airport project gets UK govt backing
A British urban air mobility project, in which South Korea’s Hyundai Motor Co. is a technology partner, has been chosen as the winner of the U...
Jan 29, 2021 (Gmt+09:00)
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Business & Politics
Samsung says fully ready for M&As; silent on US foundry plant
Samsung Electronics Co. is well-geared up to chase M&A deals and expand its facilities over the next three years to make full use of its cash ho...
Jan 28, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Seoul to lower bar for M&As; easing rules over PEF deals
South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to en...
Jan 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo
Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillio...
Jan 18, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean companies sit on record dry powder, may open M&A floodgates
South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A)...
Jan 04, 2021 (Gmt+09:00)
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League table
Credit Suisse retains top spot in Korea’s M&A advisory league
Credit Suisse has maintained its top position on South Korea’s M&A advisory league table in 2020, working on most of the high-profile deal...
Dec 30, 2020 (Gmt+09:00)
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Project financing
KEXIM to finance Korean firms' Mozambique LNG plant project
The Export-Import Bank of Korea (KEXIM) will provide $500 million in project financing to South Korean companies for their $550 million construction...
Dec 10, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Kakao Page to merge with Kakao M ahead of 2021 IPO
South Korea's largest mobile app operator Kakao Corp. is working to merge its content platform affiliates, a strategic move that should boost the en...
Dec 03, 2020 (Gmt+09:00)
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Private equity
PEFs gaining clout in Korea’s broader M&A sectors
Private equity firms have been leading South Korea’s mergers and acquisitions markets in a broader range of sectors in recent years, represent...
Nov 30, 2020 (Gmt+09:00)
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Artificial intelligence
Samsung, CJ collaborate on artificial human projects
Samsung Electronics Co. announced on Oct. 29 that it has entered into an agreement with CJ Olive Networks Co. to collaborate on Neon, an artificial hu...
Oct 29, 2020 (Gmt+09:00)
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Subordinated bond issues
Kookmin Bank sells $500 mn in subordinated bonds to fund ESG projects
South Korea’s Kookmin Bank has issued $500 million in subordinated bonds as part of its efforts to expand loans for environmental, social and go...
Oct 29, 2020 (Gmt+09:00)
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AI semiconductors
AI chip market heats up, to tip over $100 bn in deals
The global semiconductor industry has been swamped with a series of massive deals this year, likely to tip over $100 billion in deal volume as compani...
Oct 22, 2020 (Gmt+09:00)
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Leveraged buyout
Korean M&A industry may reconsider leveraged buyouts
South Korea’s M&A market may reconsider leveraged buyouts due to the Supreme Court’s remanding of the case involving Sun Jong-koo, the...
Oct 20, 2020 (Gmt+09:00)
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Pension funds
[Q&A] KTCU sees handsome returns from equities, M&A funding
The following is the full transcript of The Korea Economic Daily's interview with Korean Teachers’ Credit Union’s (KTCU) Chief Investment ...
Oct 13, 2020 (Gmt+09:00)
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Interview
Korean teachers’ fund keen on equities, M&A deals
The Korean Teachers’ Credit Union (KTCU), a $29 billion savings fund, will increase its exposure to equities markets and M&A financing deals...
Oct 13, 2020 (Gmt+09:00)
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KEPCO set to finance $190 mn for Vietnam’s coal power plant project
Korea Electric Power Corp. (KEPCO) will move forward with its participation in Vietnam’s coal-fired power plant project, after the deal came c...
Oct 05, 2020 (Gmt+09:00)
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KB Financial to end coal project financing for low-carbon economy
KB Financial Group will no longer finance coal power projects at home and abroad, nor invest in them, said the South Korean banking group, with a set ...
Sep 28, 2020 (Gmt+09:00)
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National Pension Service
NPS to cease paying management fees for Korean PEF project funds
The National Pension Service has decided to stop paying management fees for project funds to be launched by South Korean private equity firms, after r...
Sep 17, 2020 (Gmt+09:00)
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M&A
LG Household continues cross-border M&A push in cosmetics market
LG Household & Health Care Ltd. was the most aggressive South Korean cosmetics firm in the cross-border M&A market between 2010 and 2019, with...
Sep 16, 2020 (Gmt+09:00)
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Entertainment
Studio Dragon sets sights overseas, $3.4 bn market cap possible: analyst
South Korea’s leading drama producer Studio Dragon Corp. is expected to post handsome earnings in coming years, boosted by a steady stream of jo...
Sep 16, 2020 (Gmt+09:00)
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Renewable Energy
Hana Financial to fund Australia solar power project with $146 mn senior debts
Hana Financial Investment Co. Ltd. has secured A$200 million ($146 million) in senior loans to finance A$320 million solar power project in Australia ...
Sep 14, 2020 (Gmt+09:00)
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LNG Project
Korean steelmakers to supply $100 mn worth of pipes for Canada’s largest LNG project
South Korean steelmakers POSCO and SeAH Steel Corp. will jointly supply 12,000 tons of stainless steel pipe for a liquefied natural gas project in Kit...
Sep 11, 2020 (Gmt+09:00)
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Real estate
KTCU to join in $700 mn US value-add residential project: report
The Korean Teachers’ Credit Union (KTCU) will invest $50 million in a $700 million value-add residential project under which a group of investor...
Sep 03, 2020 (Gmt+09:00)
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Hanwha Q Cells secures 315MW solar power, energy storage project in Portugal
Hanwha Q Cells Co. has secured the right to generate half of the 700-megawatt power capacity put up for auction in Portugal, becoming the first compan...
Aug 28, 2020 (Gmt+09:00)
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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...
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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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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Alternative investments
Korean PE IGIS unwillingly drops residential project amid political pressure
Korea-based IGIS Asset Management has announced plans to drop its renovation project of an 11-story apartment, an unwilling decision triggered by...
Jul 24, 2020 (Gmt+09:00)
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League table
JPMorgan tops Korea’s H1 M&A advisor list with Prudential deal
Prudential Financial Inc.’s 2.3 trillion won ($1.9 billion) sale of its South Korean unit dominated the country’s M&A advisory market ...
Jun 30, 2020 (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