Three-way merger scenario not yet confirmed: Celltrion affiliates
MoneyJanuary 17, 2020
South Korean biopharmaceutical firm Celltrion’s key affiliates said Friday they have yet to set a clear blueprint in regards to Chairman Seo Jung-jin’s hint at the blockbuster merger of Celltrion, Ce...
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Woori Financial walks away from W2tr Prudential Life bidMoneyJanuary 16, 2020Woori Financial Group, South Korea’s fourth-largest banking group by assets, walked away from a bid to buy a 100 percent stake in Prudential Life Insurance of Korea, according to the group on Thursda... -
Seoul Real Estate Forum names new headMarketsJanuary 16, 2020The Seoul Real Estate Forum said Thursday that it had named Wang Jeong-han as its sixth president. Wang, 57, will double as head of the SREF and the Seoul-based Ara Group Architects and Planners, de...
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Korean investor in Nasdaq-listed OncoSec seeks to thwart Chinese takeoverMoneyJanuary 16, 2020Alpha Holdings, the largest shareholder of Nasdaq-listed OncoSec Medical, is pinning hopes on its last-ditch efforts to prevent a takeover of the biopharmaceutical firm by Chinese entities, ahead of ... -
US investor Capital Group sells W660b stake in Hyundai MotorMoneyJanuary 15, 2020US investment firm Capital Group Companies has offloaded a 2.56 percent stake in South Korea’s largest carmaker Hyundai Motor for 660.8 billion won ($570.9 million), according to a regulatory filing ... -
Hanwha Systems’ $25m Overair deal closesMoneyJanuary 15, 2020Hanwha Systems reached a final close on its cross-border $25 million investment in California-based electric takeoff and landing, or eVTOL, aircraft developer Overair, the Korean aero systems firm sa... -
Hi Investment & Securities’ W217.5b fundraising plan hits snagMoneyJanuary 14, 2020The fundraising plan of Seoul-based investment bank Hi Investment & Securities to fetch a combined 217.5 billion won ($187.8 million) is facing obstacles due to a possible court injunction. A total ... -
NH-Amundi, SSIAM partner to develop products tracking Vietnam stock indexesMarketsJanuary 14, 2020Seoul-based NH-Amundi Asset Management and Ho Chi Minh City-based SSI Asset Management have agreed to partner to develop products that track benchmark indexes in the Vietnamese stock market, accordin... -
Goldman Sachs, SK to jointly invest W50b in cold warehouse operatorMoneyJanuary 13, 2020Global investment bank Goldman Sachs and SK Holdings said Monday they plan to jointly invest 50 billion won ($43.3 million) in Belstar Superfreeze, a South Korean entity that develops and operates co... -
Korean realty investments in Europe jump 122%MoneyJanuary 13, 2020South Korean investments in European commercial real estate assets in 2019 jumped 122 percent on-year to 12.5 billion euros ($13.9 billion), on the back of Korean investors’ foreign exchange hedging ... -
Kakao Bank co-CEO joins ruling party, forfeits W2.6b stock optionMarketsJanuary 12, 2020Lee Yong-woo, co-chief executive of South Korea’s largest neobank Kakao Bank, said Sunday he had agreed to join the ruling Democratic Party in an apparent bid to run in the general elections here in ... -
Hanjin KAL proxy fight looms as new investor comes to lightMoneyJanuary 12, 2020Hanjin KAL, the holding company of South Korea’s No. 1 air carrier Korean Air, is likely to face a proxy fight over its management, after it welcomed affiliates of builder Bando Group as major stakeh... -
Green Cross eyes W200b acquisition of EMR software vendorMoneyJanuary 12, 2020A consortium led by South Korean biopharmaceutical company Green Cross has been selected as the preferred bidder for the majority stake sale of UBCare, the nation’s No. 1 electronic medical records s... -
KDB, K-Growth to earmark W400b fund for supply chain autonomyMoneyJanuary 9, 2020South Korea‘s state-owned lender Korea Development Bank and state-led fund-of-funds management company Korea Growth Investment (K-Growth) are looking for partners to earmark a combined 400 billion wo... -
![[News Analysis] Can Delivery Hero-Woowa deal reshape Korea’s food delivery market?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=601&simg=/content/image/2020/01/08/20200108000670_0.jpg)
[News Analysis] Can Delivery Hero-Woowa deal reshape Korea’s food delivery market?MoneyJanuary 8, 2020For decades, free door-to-door food delivery service has been a common option for all kinds of South Korean restaurants. Not just pizzas, fried chicken and Chinese food, but also soups and meat dish...
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