Deals
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M&As
KDB mulls sale of HMM to POSCO
South Korea's state-run bank is considering the sale of HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry e...
12 HOURS AGO
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Investment funds
SK, China’s Geely eye investment fund for hydrogen, eco-friendly business
South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other ec...
19 HOURS AGO
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IPOs
Hyundai Heavy plans IPO this year; valuation to approach $4.5 bn
South Korea-based Hyundai Heavy Industries Co. is planning a trading debut this year, with the proceeds marked for future growth engines to power the...
Jan 26, 2021 (Gmt+09:00)
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M&As
Ssangyong heads for court protection as Mahindra backs off
India’s Mahindra and Mahindra Ltd. has pulled out of talks to sell Ssangyong Motor Co. to HAAH Automotive Holdings Inc., a US automobile distri...
Jan 25, 2021 (Gmt+09:00)
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Shipping IPOs
SM Line eyes H2 IPO on Korean bourse, aims to expand US trade
South Korea’s SM Group, formerly known as Samla Midas Group, is pushing for an initial public offering of its merchant liner, SM Line Corp., on...
Jan 25, 2021 (Gmt+09:00)
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M&As
Affiliates merge to become Kakao Entertainment; aim global
South Korea’s leading mobile app operator Kakao Corp.’s affiliates are set to merge to become a new entity, Kakao Entertainment, heraldin...
Jan 25, 2021 (Gmt+09:00)
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Startup IPOs
Naver-invested startups line up for IPOs; market seems welcome
South Korean startups invested in by top online portal Naver Corp. are gearing up for debuts on the local bourse amid expectations of a welcome marke...
Jan 25, 2021 (Gmt+09:00)
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Antitrust regulations
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 ent...
Jan 24, 2021 (Gmt+09:00)
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M&As
LG hires Kim & Chang as advisor for mobile division sale
LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accordi...
Jan 22, 2021 (Gmt+09:00)
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M&As
Vingroup eyes LG’s smartphone business: Reports
Vietnam’s largest conglomerate Vingroup is interested in acquiring part of LG Electronics Inc.’s smartphone operation to bolster its high...
Jan 22, 2021 (Gmt+09:00)
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ESG bonds
Hana Bank issues $600 mn euro-currency bonds with negative yield
Hana Bank has become South Korea’s first commercial bank to issue foreign currency bonds at a negative yield, raising 500 million euros ($606 m...
Jan 21, 2021 (Gmt+09:00)
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M&As
Naver to acquire web novel platform Wattpad for $593 mn
South Korea’s portal giant Naver Corp. will acquire Wattpad, the world's largest web novel platform based in Toronto, for 653.2 billion won (...
Jan 20, 2021 (Gmt+09:00)
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M&As
Lotte Chem ready to bid for JSR’s synthetic rubber business
South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese ...
Jan 20, 2021 (Gmt+09:00)
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EV battery
SK's US battery arm sells $1 bn green bonds at lower rates
The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 bi...
Jan 20, 2021 (Gmt+09:00)
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ESG bonds
Hyundai Steel receives $1.9 bn in orders for green bonds
South Korea-based Hyundai Steel Co. received around 2 trillion won ($1.9 billion) worth of orders in Monday's bookbuilding for its green bond issue, ...
Jan 19, 2021 (Gmt+09:00)
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M&As
Internet portal Naver in negotiations to buy Korea’s Jeju Bank
Naver Corp., South Korea’s top online portal, is interested in buying Jeju Bank, named for and based on the country's largest island, to secure...
Jan 19, 2021 (Gmt+09:00)
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M&As
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 trillion...
Jan 18, 2021 (Gmt+09:00)
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ESG bonds
Kia to issue green notes as part of $500 mn global bonds for future mobility
Kia Corp., a unit of Hyundai Motor Group, plans to issue green bonds in overseas markets to raise money for future mobility investments, including ec...
Jan 18, 2021 (Gmt+09:00)
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IPOs
Lotte Rental resumes IPO process; seeks $1.8 bn valuation
South Korea’s leading rental car company Lotte Rental Co. has resumed its initial public offering process, despite having earlier postponed it...
Jan 15, 2021 (Gmt+09:00)
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Venture capital
S.Korea’s VC fundraising hits all-time high in 2020
Venture capital funds in South Korea have raised their largest-ever amount of 6.6 trillion won ($6 billion) last year, supported by government policy...
Jan 14, 2021 (Gmt+09:00)
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M&As
Yogiyo sale gains steam as Baemin investors set for Q1 exit
Financial investors in South Korea's No. 1 food delivery app Baedal Minjok (Baemin) are set to exit in the first quarter of this year, closing the ...
Jan 14, 2021 (Gmt+09:00)
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M&As
Top court rules in favor of Doosan Infracore; sale to Hyundai Heavy to proceed
The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top Sou...
Jan 14, 2021 (Gmt+09:00)
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Bond issues
SK Hynix to issue $2.5 bn worth of global bonds; largest amount ever
SK Hynix Inc. is planning to issue $2.5 billion worth of global bonds, the largest amount to be raised in a bond issue by a South Korean company, dri...
Jan 14, 2021 (Gmt+09:00)
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Small satellites
Hanwha to buy controlling stake in Korean satellite maker
Hanwha Aerospace Co., an aircraft engine components maker, will acquire a 30% stake in a South Korean Earth observation satellite maker for 109 billi...
Jan 14, 2021 (Gmt+09:00)
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M&As
Korean Air begins due diligence on Asiana Airlines
The proposed union between South Korea’s two leading airlines is nearing the finish line as Korean Air Lines Co. begins due diligence on Asian...
Jan 12, 2021 (Gmt+09:00)
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IPOs
Coupang gets the green light for Nasdaq listing
South Korea’s e-commerce giant Coupang Corp. has received the green light for its Nasdaq listing, increasing the possibility of a trading deb...
Jan 11, 2021 (Gmt+09:00)
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ESG bonds
Hyundai, Kia to raise $921 mn in green bonds for future mobility
Hyundai Motor Co. and Kia Motors Corp. plan to issue green bonds worth a combined 1 trillion won ($912 million) as they gear up to raise money for f...
Jan 11, 2021 (Gmt+09:00)
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EV battery IPOs
LG Energy Solution to begin IPO process, eyes H2 listing on local bourse
LG Chem Ltd.’s battery unit, LG Energy Solution, is set to become this year’s initial public offering blockbuster with its plan to list t...
Jan 10, 2021 (Gmt+09:00)
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Future mobility
IMM PE, Affirma Capital shortlisted for T Map Mobility's $275 mn fundraising
Competition is heating up among domestic and foreign private equity firms hoping to invest in T Map Mobility Co., a mobility spin-off of South Korea&...
Jan 08, 2021 (Gmt+09:00)
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SPAC mergers
Korean PE firm acquires Achronix Semiconductor via SPAC merger
South Korea-based private equity firm Ace Equity Partners has acquired Achronix Semiconductor Corp., a US-based fabless company, through a special pu...
Jan 08, 2021 (Gmt+09:00)
Most Read
- 1 Coupang gets the green light for Nasdaq listing
- 2 E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea
- 3 KIC replaces alternative investment strategy, PE heads
- 4 LG Energy Solution to begin IPO process, eyes H2 listing on local bourse
- 5 IGIS Asset, Hana buy $390 mn US Amazon logistics portfolio
