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Private Equity Funds Gain Popularity Among Large Conglomerates

Private Equity Funds Gain Popularity Among Large Conglomerates

SEOUL, Sept. 2 (Korea Bizwire) — Private equity funds (PEFs) are gaining a strong presence in South Korea as they work as solutions for problems among large conglomerates to evading monopoly restrictions during the transition of management and changing management structure. London-based investment data company Preqin reported that major private placement funds’ assets under management [...]

Top 4 Biz Groups Take Up 20 pct of S. Korea’s Corporate Sales

Top 4 Biz Groups Take Up 20 pct of S. Korea’s Corporate Sales

SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s top four conglomerates account for nearly 20 percent of the country’s overall corporate sales, a corporate tracker said Tuesday, pointing to their big clout in Asia’s fourth-largest economy. Combined sales by the business groups — Samsung, SK, Hyundai Motor and LG — averaged 746 trillion won (US$571 [...]

S. Korean Conglomerates Step into Pharmaceutical, Biomedical Industries

S. Korean Conglomerates Step into Pharmaceutical, Biomedical Industries

SEOUL, April 1 (Korea Bizwire) — South Korea’s major conglomerates are launching ventures in the pharmaceutical and biomedical industries, following the success of Samsung Biologics Co., the biotech arm of Samsung Group and SK Bioscience Co., a vaccine unit of SK Group. Lotte Corp., the holding company of retail giant Lotte Group, decided to establish [...]