Strategic acquisition adds advanced power electronics and energy management software capabilities to meet accelerated, global demand for battery energy storage solutions Zurich, Switzerland, Oct. 24, 2023 (Korea Bizwire) -- Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has acquired a controlling stake of eks [...]
SEOUL, March 9 (Korea Bizwire) — Mergers and acquisitions by South Korean firms decreased 7.7 percent in 2022 from a year earlier amid economic uncertainties, data showed Thursday. The number of mergers came to 1,027 cases last year, down from 1,113 cases tallied in 2021, according to the Fair Trade Commission (FTC). They were valued [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korea’s financial regulator said Wednesday it plans to introduce a mandatory takeover bid rule aimed at protecting retail investors in case of a corporate merger and acquisition (M&A). The rule obligates a takeover bidder to buy shares of its targeted business in the stock market, giving a chance [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — Samsung Electronics Co. has been working hard on acquisition opportunities, a top executive said Wednesday as the tech giant seeks to provide differentiated products for its customers and further expand its business. “I cannot tell you in detail, but what I can say is that we are extensively reviewing [...]
SEOUL, July 29 (Korea Bizwire) — From eBay Korea to Starbucks Coffee Korea, Shinsegae Group vice chairman Chung Yong-jin’s aggressive M&A strategy is attracting significant attention. E-Mart Inc., a discount store chain under Shinsegae Group, bought an additional 17.5 percent stake in Starbucks Coffee Korea on Tuesday, paying 474.2 billion won (US$412 million) to become [...]
SEOUL, July 26 (Korea Bizwire) — Krafton Inc., the video game company behind “PlayerUnknown’s Battlegrounds” (PUBG), said Monday it is aiming for aggressive mergers and acquisitions (M&As) after its initial public offering (IPO) next month, as it eyes to expand its foothold in the global video game market. Krafton is scheduled to go public on [...]
SEOUL, Jan. 28 (Korea Bizwire) – Samsung Electronics Co. on Thursday said it aims to clinch merger and acquisition (M&A) deals and expand investments in the upcoming years as the South Korean tech giant eyes to fend off challenges from its rivals amid global uncertainties In its conference call, Samsung’s chief finance officer Choi Yoon-ho [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s state-run lenders and SK hynix Inc. signed an agreement to provide US$3 billion in loans to support mergers and acquisitions by the world’s second-biggest memory chipmaker, officials said Tuesday. The Korea Development Bank (KDB), Export-Import Bank of Korea (Eximbank) and NH Nonghyup joined the financing deal, which [...]
Stockholm, Sweden, Sept. 1 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announces that the first part of the acquisition of ACL Mobile Limited has been completed. On June 15, 2020, Sinch announced that the company had entered into a definitive agreement to acquire ACL Mobile in two stages, [...]
SEOUL, Feb. 21 (Korea Bizwire) — The number of mergers and acquisitions (M&As) of Korean companies last year was the highest in 12 years, a recent report revealed. According to the Fair Trade Commission (FTC), the number of M&As reached 766 last year, up 64 from 702 in 2018. It was the highest number since [...]