business deals
Scope
Date
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Hotel sale
Hilton Seoul likely to be transformed into office
Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...
May 24, 2021 (Gmt+09:00)
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Webtoons
Concurrent deal closings by Kakao, Naver: Mere coincidence?
Early this month, when Anchor Equity Partners was in intense negotiations with Kakao Corp. over the terms of its 600 billion won ($530 million) inve...
May 24, 2021 (Gmt+09:00)
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Stake sales
Halla to join bid for Hanon Systems stake; seen biggest deal in Korea
South Korea’s Halla Group is joining the race for the purchase of auto parts supplier Hanon Systems Corp. -- a deal, if reached at the top end...
May 21, 2021 (Gmt+09:00)
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Hydrogen economy
Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials
South Korea’s Lotte Chemical Corp. is diversifying into electric vehicle raw materials and hydrogen businesses as new growth drivers, moving a...
May 20, 2021 (Gmt+09:00)
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Webtoons
Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn
Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....
May 20, 2021 (Gmt+09:00)
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Water technology
LG Chem's water filter business thrives amid high demand in Middle East
LG Chem Ltd., the parent company of South Korea’s leading battery maker LG Energy Solution Co., is enjoying a strong rise in demand for its wa...
May 20, 2021 (Gmt+09:00)
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Batteries
SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US
South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...
May 20, 2021 (Gmt+09:00)
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Deals
Biggest deal in Korea: Hanon Systems stake sale draws KKR, Carlyle, TPG
The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investor...
May 16, 2021 (Gmt+09:00)
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Asset management
Woori Financial takes over Franklin Templeton’s retail fund business
Woori Financial Group has been selected to acquire Franklin Templeton Investments’ retail fund business in South Korea, less than a month sinc...
May 14, 2021 (Gmt+09:00)
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ESG
Hanwha Group secures $4.4 bn from KDB to finance ESG business
South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next fiv...
May 12, 2021 (Gmt+09:00)
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Real estate
Korean investors in renewed push for global property deals
South Korea's IGIS Asset Management Co. and Hana Financial Investment Co. have acquired a 49% stake in the headquarters of the US mortgage lender Fa...
May 07, 2021 (Gmt+09:00)
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Batteries
Korea’s major firms look for M&A targets in battery materials business
South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...
May 06, 2021 (Gmt+09:00)
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Urban air mobility
Korean Air joins race for flying car business to rival Hyundai, Hanwha
Korean Air Lines Co. is entering into the business of urban air mobility (UAM), which is emerging as one of the most futuristic modes of transportat...
May 06, 2021 (Gmt+09:00)
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Refinanicng
Shinhan joins in Australian firm's $85 mn refinancing deal
South Korea's Shinhan Investment Corp. has participated in a A$110 million ($85 million) refinancing package for Australia's Entertainment and Educa...
May 02, 2021 (Gmt+09:00)
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Earnings
LG Electronics expects auto parts business to turn profitable in H2
South Korea’s LG Electronics Inc. said on Thursday it expects its loss-making auto parts business to turn to profit in the second half of this...
Apr 29, 2021 (Gmt+09:00)
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Earnings
LG Chem delivers Q1 earnings surprise on cash-cow petrochem business
South Korea’s LG Chem Ltd. said on Wednesday that its quarterly revenue and operating profit rose to all-time highs in the January-March perio...
Apr 28, 2021 (Gmt+09:00)
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Business & Politics
Hyundai Motor chairman visits US, seeks business opportunities
Hyundai Motor Group Chairman Chung Euisun is visiting the United States seeking business opportunities in one of the South Korean automotive group&r...
Apr 23, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix co-vice chairman hints at expanding foundry business
SK Hynix Inc., the world’s second-largest memory chipmaker, may expand its foundry business as a growing number of industries are suffering fr...
Apr 22, 2021 (Gmt+09:00)
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Financing
Naver mulls US listing for webtoon business
South Korea’s top online portal Naver Corp. is considering more dollar bond sales after it raised $500 million last month in its first foreign...
Apr 21, 2021 (Gmt+09:00)
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Hydrogen economy
Doosan sets sights on hydrogen business as future growth engine
South Korea’s Doosan Group has launched a task force to foster its hydrogen fuel cell business as one of its key growth drivers.The heavy mach...
Apr 20, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Deep inside the deal: HYBE-Ithaca merger
The recent merger deal between two global entertainment powerhouses, HYBE Co. of South Korea and Ithaca Holdings of the US, will create a mega music...
Apr 07, 2021 (Gmt+09:00)
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Business & Politics
LG Elec to fold mobile phone business in 26 yrs
LG Electronics Inc. announced on Monday its exit from the loss-making mobile phone business, which has accumulated operating losses of 5 trillion wo...
Apr 05, 2021 (Gmt+09:00)
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Paradigm shift
Hydrogen, aerospace, materials: key words for Korean business leaders
South Korea’s top conglomerates have enjoyed their domestic market leadership for decades with a focus on the steel, shipbuilding and petroche...
Apr 01, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis expands mobility business, reveals concept cars
South Korea’s largest auto parts maker Hyundai Mobis will undergo significant reforms in its business model to become a future mobility platfo...
Apr 01, 2021 (Gmt+09:00)
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Korean food
SK acquires 70% stake in Yposkesi to jump into cell, gene CMO business
SK Inc., the holding and investment company of SK Group, South Korea’s third-largest conglomerate, has acquired a 70% stake in Yposkesi, a Fre...
Mar 31, 2021 (Gmt+09:00)
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Asset management
BlackRock sheds $620 mn Korean retail fund business
BlackRock Inc., the world’s largest asset manager, has sold its retail business in South Korea to a small domestic investment firm to concentr...
Mar 31, 2021 (Gmt+09:00)
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Pension funds
Korean military fund to double average investment size
South Korea’s Military Mutual Aid Association (MMAA) intends to nearly double its average investment size to 100 billion won ($88 million) as ...
Mar 30, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK Tel, Shinsegae, Lotte, MBK make the cut in eBay Korea deal
Four out of the five preliminary bidders for eBay Korea, including SK Telecom Co. and MBK Partners, have made the cut in the deal estimated at aroun...
Mar 29, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC opens San Francisco office to boost VC deals
The Korea Investment Corporation (KIC) officially opened its San Francisco office on Mar. 26, as part of its efforts to improve deal sourcing and in...
Mar 26, 2021 (Gmt+09:00)
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MBK girds for eBay Korea deal as competition heats up
MBK Partners is the only financial bidder for eBay Korea, the wholly-owned unit of the US online retailer, which has drawn top Korean retailers, the...
Mar 25, 2021 (Gmt+09:00)
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