car sales target
Scope
Date
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airline industry
Korean airlines zoom in on China routes, target transit passengers
South Korean airlines are buckling down to resume flights to and from China to satisfy the demands of Korean businesspeople and overseas resident...
Sep 07, 2020 (Gmt+09:00)
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Markets
Korea’s major companies’ Q2 overseas sales drop 20% due to pandemic
South Korea’s top 100 companies saw their overseas sales shrink by a fifth in the second quarter from the year-earlier period, weighed by the fa...
Sep 07, 2020 (Gmt+09:00)
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Restructuring
Doosan Heavy to wrap up first-round restructuring with $1.1 bn new share sale
Doosan Heavy Industries & Construction Co. Ltd., the debt-ridden South Korean power plant builder, is set to wrap up the first round of its debt r...
Sep 04, 2020 (Gmt+09:00)
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Doosan Group
Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn
Doosan Group has agreed to sell Doosan Solus Co. Ltd., a copper foil and OLED materials maker, to South Korean private equity firm SkyLake Investment ...
Sep 04, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Sale of Doosan Infracore kicks off; preliminary bidding by Sept. 22
The sale process for Doosan Infracore Co. is under way, with the preliminary bidding deadline for a controlling stake in South Korea's top constructio...
Sep 03, 2020 (Gmt+09:00)
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Pre-IPO
Korea's largest H&B franchise launches pre-IPO targeting PEFs
South Korean health and beauty franchise CJ Olive Young has sent teaser letters to potential buyers, including domestic and overseas private equity fu...
Sep 03, 2020 (Gmt+09:00)
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Corporate governance
Samsung Life shares rally as governance issue looms on likely stake sale
Shares of South Korea’s largest life insurer, Samsung Life Insurance Co., have rallied in recent sessions on expectations that the company will ...
Sep 02, 2020 (Gmt+09:00)
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Markets
Longer-dated govt bond yields creep up as investors foresee more treasury sales
South Korea’s government bond yields are heading north despite the gloomy business outlook as institutional investors expect more government-iss...
Sep 01, 2020 (Gmt+09:00)
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Markets
Sale of Korea’s bank debentures hits all-time high as capital reserves shrink
Bond issuance by South Korean banks has risen to a record high as banks move to secure adequate capital to ride out any short-term liquidity disruptio...
Sep 01, 2020 (Gmt+09:00)
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Korean Air
Korean Air seals $835 mn in-flight business sale to private equity firm
Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...
Aug 25, 2020 (Gmt+09:00)
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KOSPI
Credit Suisse raises KOSPI target to 2,600 amid positive outlook for market recovery
Swiss-based investment bank Credit Suisse has raised its KOSPI target to 2,600 from 2,300 on August 19 on the back of the weakened US dollar and impro...
Aug 20, 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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Automobiles
Hanon Systems eyes top spot in world’s car thermal management system market
Hanon Systems Corp., a South Korean auto parts maker, said on Wednesday it aims to become the world’s top supplier of automotive thermal and ene...
Aug 12, 2020 (Gmt+09:00)
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Private equity
Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits
Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...
Aug 11, 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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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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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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Automobiles
Hyundai Motor, LG to unveil jointly developed future car interior concept next month
Hyundai Motor Co. and LG Electronics Inc. have jointly developed the interior concept of a future car, further consolidating their cooperation in self...
Aug 03, 2020 (Gmt+09:00)
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Doosan Group
Debt-laden Doosan Group puts Doosan Infracore up for sale to secure cash
Doosan Group kicked off the sale process for Doosan Infracore, the group’s construction equipment builder, with the sale manager ...
Jul 24, 2020 (Gmt+09:00)
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Insurance
US insurer Cigna to put Korean life insurance arm up for sale
The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...
Jul 24, 2020 (Gmt+09:00)
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Shareholder activism
Local activist fund KCGI opposes Korean Air's sale of in-flight businesses
Korea Corporate Governance Improvement (KCGI), a local activist private equity fund, is unhappy with Korean Air Lines Co. Ltd's decision to sell ...
Jul 17, 2020 (Gmt+09:00)
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Debt
Export-Import Bank of Korea ups Aussie bond sale size to $460 mn on demand
The Export-Import Bank of Korea (KEXIM) has nearly doubled the size of its planned new bond sale in Australia to A$700 million ($460 million) on stron...
May 20, 2020 (Gmt+09:00)
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Korean Air
Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales
Korean Air Lines Co. Ltd. unveiled its largest rights offering plan on May 13 to raise 1 trillion won ($817 million) for debt repayment, after it open...
May 13, 2020 (Gmt+09:00)
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M&A
eBay puts South Korean unit up for sale in $4 bn deal
eBay Inc. has decided to sell 100% of its South Korean operations which it valued at about 5 trillion won ($4 billion), the latest in a series of reor...
Mar 04, 2020 (Gmt+09:00)
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M&A
Hyundai, Santander to acquire German car rental firm for $170 mn
Spain’s Banco Santander and Hyundai Capital Services Inc. have decided to buy a controlling stake in Sixt Leasing SE, a unit of German car renta...
Feb 20, 2020 (Gmt+09:00)
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Hanwha Group units underwrite $240 mn debt on US car park operator
Hanwha Investment & Securities Co. Ltd. and two other financial arms of South Korea’s Hanwha Group have underwritten $240 million of a 30-year deb...
Sep 26, 2019 (Gmt+09:00)
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Sale of Korean game firm cancelled in lack of strategic buyers
The planned sale of the parent company of South Korea’s biggest online gaming firm Nexon Co. Ltd., was abruptly cancelled after it failed to narrow th...
Jun 26, 2019 (Gmt+09:00)
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PGIM to secure $60 mn from Seoul office sale to Keppel
PGIM Inc., the asset management arm of US-based Prudential Financial Inc., is set to pocket about 70 billion won ($60 million) in capital gains from i...
Apr 28, 2019 (Gmt+09:00)
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Hana Fin to buy stake in French car park company from Ardian
Hana Financial Investment Co. Ltd. has agreed to buy a 15% stake in France’s leading car park operator Indigo Group from Ardian through a co-investmen...
Apr 25, 2019 (Gmt+09:00)
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KIC reaps $48 mn from London office building sale
Korea Investment Corporation (KIC) has secured 37 million pounds ($48 million) in proceeds from the recent 107 million-pound sale of a London office b...
Jan 23, 2019 (Gmt+09:00)
Latest News
- 1 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 2 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 3 AI startup MarqVision raises $16.5 mn to close Series A
- 4 Taihan Cable wins $630 mn power grid project in Singapore
- 5 Korean startup scene is gloomy, say 2 out of 5 startup CEOs