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Major banks up ante for W2tr Prudential Life bidMoneyJan 5, 2020Major banking groups in South Korea are revealing their appetite for what could become the largest acquisition deal in the nation’s financial industry this year: a 100 percent stake in Prudential Lif... -
Wonik QnC embraces Momentive’s quartz operation for $266mMoneyJan 3, 2020South Korea’s fabricated quartz maker Wonik QnC said Friday it had completed an acquisition of quartz and ceramics business units owned by New York-based company Momentive Performance Materials for $... -
Time is ticking for KDB to sell life insurance armMoneyJan 2, 2020Shareholders of Seoul-based KDB Life Insurance are under intensifying pressure to find a new owner, potentially facing a host of new complex regulations next month when a 10-year grace period expires... -
Sungdong Shipbuilding averts liquidation with W200b dealMoneyDec 31, 2019A consortium led by HSG Heavy Industries signed a contract Tuesday to buy debt-saddled South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering for 200 billion won ($173 million), allowing... -
M&As to keep Korean industries going in 2020MoneyDec 31, 2019South Korea was brimming with billiondollar mergers and acquisitions in 2019, mainly propelled by large business groups in search of new growth opportunities, along with the divestment of their nonco... -
W4.1tr Korean hedge fund Lime Asset faces fraud accusationsMoneyDec 30, 2019The Financial Supervisory Service, South Korea’s financial watchdog, intends to take legal action against Lime Asset Management, a Korean hedge fund that manages 4.1 trillion won ($3.5 billion) worth... -
![[News Focus] Can NPS shareholder engagement curtail power of chaebol?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2019/12/29/20191229000142_0.jpg)
[News Focus] Can NPS shareholder engagement curtail power of chaebol?MarketsDec 29, 2019The world’s third-largest pension fund, South Korea’s National Pension Service, may opt to present shareholder proposals to its portfolio companies in Korea -- which number as many as 800 -- starting... -
KB Kookmin Bank to acquire Cambodian lender for $603.4mMoneyDec 26, 2019South Korea’s commercial lender KB Kookmin Bank said Thursday its board has agreed to acquire a 70 percent stake in Cambodia’s lender Prasac Microfinance Institution for $603.4 million from Sri Lanka... -
S. Korea emerges as major player in global gaming M&As: reportMarketsDec 26, 2019South Korean companies are increasingly becoming key players of mergers and acquisitions in the global game industry, in pursuit of fresh revenue sources and growth engines, data showed on Thursday. ... -
Indebted CJ Group moves to generate cash through divestmentMoneyDec 25, 2019Korean food-to-entertainment conglomerate CJ Group is moving to generate cash through divestment efforts by its affiliates this month, making potential room to tackle the group’s snowballing liabilit... -
Kakao M carries on M&A push with $23m dealMoneyDec 25, 2019Kakao M, a subsidiary of South Korean internet giant Kakao, is again adding momentum to mergers and acquisitions to consolidate its content production capacity and generate synergy among its media un... -
Glenwood PE signs W608b deal to acquire SKC Kolon PIMoneyDec 24, 2019South Korea’s investment house Glenwood Private Equity has inked a deal to buy a controlling stake in the world’s leading polyimide film maker SKC Kolon PI for 608 billion won ($523.2 million) from i... -
Hyundai Investments partners with La Francaise to create European office-focused fundMoneyDec 24, 2019Seoul-based Hyundai Investments said Tuesday it has joined hands with French investment house La Francaise to create a blind pool fund that focuses on small and midsized office buildings in Western E... -
IMM PE to invest W134.7b to become HanaTour’s top shareholderMoneyDec 24, 2019Seoul-based private equity house IMM Private Equity will become the largest shareholder of HanaTour Service, in a capital increase by South Korea’s No. 1 travel agency, HanaTour said on Monday. IMM ... -
Naver-backed VC names head of Startup Alliance as new co-chiefMarketsDec 24, 2019South Korea’s internet giant Naver-backed venture capital TBT said Tuesday it has named Startup Alliance Managing Director Lim Jung-wook as the new co-chief of the investment vehicle. Lim will take ...
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