...ing firm of Hyundai Heavy Industries Group, bought Daewoo Shipbuilding & Marine Engineering Co. (DSME) for some 2.1 trillion won. South Korea's top mobile gaming company Netmarble Corp. acquired Woongjin Coway Co., the country's largest home appliance rental service provider, for 1.7 trillion won. "Large companies appear to have focused on securing growth engines through business shakeups in spite of t...

...arble -- a Korean firm that focuses on mobile game development and distribution -- is going the opposite way by focusing on hardware, as witnessed by its acquisition of water purifier rental firm Woongjin Coway in December. “Netmarble currently doesn’t have a specific plan for Coway,” a company official said. The acquisition portrays Netmarble Chairman Bang Jun-hyuk’s vision to reach 5 trillion won in ...

...roundup of major M&A deals here and their progress in the previous week. Centroid to take over Woongjin book unit Woongjin unveiled on Thursday a plan to sell a majority stake in its book distributo...normalize its debt risks following its troubled acquisition of water purifier rental service firm Coway in 2019. The deal forced Woongjin to resell Coway promptly and offload shares in other subsidiar...

... SPC Samplip to grow and develop as a prominent food company,” Hwang said. For SPC GFS, which takes charge of distribution for the SPC Group, Ahn was chosen to lead the company. He worked in consulting firm Samjong KPMG and then led Woongjin Coway (now rebranded as Coway), building his career in business management and strategic planning, the company said. By Jo He-rim ( herim@heraldcorp.com )

Woongjin Coway is now simply Coway after Netmarble’s acquisition of the company. Coway convened an interim shareholders meeting on Friday at its head office in Gongju, South Chungcheong Province, where it voted on loosing Woongjin from its company name. Netmarble Chairman Bang Jun-hyuk was made a director, as well as Netmarble-Coway task force team leader Seo Jang-won and Coway CEO Lee Hae-sun....

Following rising demand for air purifiers, household appliance company Woongjin Coway is seeking to continue its lead in the market with its special filters, the company said Tuesday. According to r... sales, Coway said it has differentiated its products equipped with special filters. In December, Coway rolled out Coway Interior Air Purifier (AP-1019D), which offers the “air-matching filter service...

...20. Korean conglomerates have been the biggest buyers in 2019. Their huge deals sought to reshape the industry at home and abroad. But some cases often left them saddled with financial burdens. Woongjin Group regained control of water purifier rental company Coway in March, as a consortium comprising its educational arm Woongjin Thinkbig and private equity STIC Investment bought 22.17 percent stake for 1.7 trillion won from MBK Partners, until it put its vo...

Netmarble’s acquisition of water purifier rental firm Woongjin Coway on Monday is facing skepticism from investors who feel it should focus on its core competencies to prove further growth potential. The South Korean game company revealed its intention to branch out to a whole new business field in October, when it was named the preferred bidder for a 25.08 controlling stake in Coway. Netmarble...

MARKETING AWARDS/ GOLD PRIZE WOONGJIN COWAY By Kim Hyoung-kwon Marketing division director and executive director We appreciate being selected for The Korea Herald’s Advertising Awards this year. Woongjin Coway is a life care company that aims to create a healthy and convenient lifestyle. We are doing our best to make our customers enjoy a safe living environment including water, air and sle...

...cquires a home appliance rental business? Netmarble, a Korean firm that focuses on mobile game development and distribution, was on Monday named the preferred bidder for a 25.08 percent stake in Woongjin Coway, a firm that operates subscription services for water and air purifiers, mattresses and other miscellaneous household appliances. Netmarble, through an investors’ conference call the same day, ex...

Woongjin Group said Thursday that the group will resell water purifier business Coway, just three months after completing its reacquisition, to stave off financial risks. The group will seek to sell...he other side of the fence, Woongjin Coway’s shares climbed 2.21 percent to 83,100 won. Woongjin Coway posted 2.7 trillion won in sales and 520 billion won in operating profit last year, having grown...

Woongjin Coway/ Clothing purifier South Korean water and air purifier maker Woongjin Coway unveiled a four-in-one air purifying solution in May that helps to remove fine dust residue on clothing. The Coway Four Seasons Clothing Purifier is designed to get rid of fine dust particles or bad odor left on clothing while purifying and dehumidifying the surrounding air at the same time. According to...

Woongjin Group, a midsized South Korean conglomerate, will take back the country’s biggest small home appliance maker, Coway, after selling it off in 2013, the group announced Monday. In its regulat...d “Woongjin Rental” and began preparing for the buyback of Coway, despite skeptical views about Woongjin’s financial capabilities in the market. “At the time, we didn’t want to lose Coway, but had to...

[ THE INVESTOR ] Coway , Korea’s top water purifier rental service firm, is facing setbacks in its search for a new owner as its stock price continues to fall amid concerns about its products con...cial said on July 21. The nation’s biggest private equity firm purchased a 30.9 percent stake in Coway from Woongjin in 2013 for 1.19 trillion won or 50,000 won per share. Even though water purifier...

...oo Myung-gan. "The amount of money involved in merger deals this year may break last year's record, given big-name companies on the market," he added. One of the major candidates for M&A deals is Coway Co., South Korea's top water purification maker. MBK Partners, a local private equity fund, is pushing to sell part of its stake in Woongjin Coway Co., with the price tag to range from 2 to 3 trillion won. Though the bidding process has been delayed due to a breakup in the consortium between prospective bidder CJ Group and China's Ha...