SEOUL, Jul. 24 (Korea Bizwire) – South Korea’s Hanwha Group on Sunday said its ranking on the list of the top 500 companies compiled by the U.S. business magazine Fortune shot up in 2016 from a year earlier, apparently helped by its merger and acquisition deals. The defense and chemical conglomerate was placed in the [...]
SEOUL, Jan. 11 (Korea Bizwire) – Lotte Hotels & Resorts, Lotte Group’s hotel unit, said Monday it will actively look for overseas business opportunities through mergers and acquisitions (M&As) once it acquires cash from the highly anticipated initial public offering. Lotte Hotel last month submitted its application for market floatation on the Seoul bourse, taking [...]
SEOUL, Jan. 6 (Korea Bizwire) – CJ Group, South Korea’s leading food and entertainment conglomerate, will step up its global expansion through mergers and acquisitions (M&A) in the bio and logistics business to foster new growth drivers, company officials said Wednesday. CJ has been grappling with stagnant growth after its chairman Lee Jay-hyun’s indictment on [...]
TOKYO and ZURICH, Dec. 22 (Korea Bizwire) – TDK Corporation (“TDK”, TSE: 6762) and Micronas Semiconductor Holding AG (“Micronas”, SIX: MASN) jointly announced today that the two companies have entered into a definitive agreement pursuant to which TDK will launch an all cash public tender offer for all publicly held registered shares of Micronas for CHF [...]
SEOUL, Oct. 6 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., two major South Korean memory chip makers, have clinched no overseas takeover deals for the semiconductor business this year, industry data showed Tuesday, in contract to their global peers who’ve been strongly engaged in the merger and acquisition (M&A) activities. Samsung Electronics [...]
SEOUL, April 8 (Korea Bizwire) – Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Wednesday that its board approved a deal to take over Hyundai Hysco Co., a move expected to increase synergy between the two companies. The takeover deal was approved at a board meeting held earlier in the day, Hyundai Steel said in [...]
SEOUL, Jan. 30 (Korea Bizwire) – Japan’s Orix Corp. has been picked as the preferred bidder for a controlling stake in Hyundai Securities Co., the fourth-largest brokerage firm by market cap, financial sources said Friday. Earlier this week, Orix Corp. and South Korean private equity firm Pinestreet had submitted their bids for a 36 percent stake [...]
SEOUL, Dec.4 (Korea Bizwire) – A survey revealed that Korea’s tech ventures tend to consider initial public offering positively while exhibiting negative attitudes toward mergers and acquisitions. According to a questionnaire held by the Korea Chamber of Commerce and Industry on 302 entrepreneurial firms and 50 venture capital firms, 62.9 percent of respondents said they would be [...]
![[Quote] New Daum Kakao Aims to Be Lifestyle Service Platform Provider](http://koreabizwire.com/wp/wp-content/uploads/2014/08/Executive-Portrait_Sirgoo-Lee-Co-CEO-of-Kakao.jpg "[Quote] New Daum Kakao Aims to Be Lifestyle Service Platform Provider")
“With differentiated core competitiveness of Kakao and Daum, we will lead the mobile age and the next age after the mobile age. For it, we will expand our influential power not only in the domestic market but in the global market.” “The new Daum Kakao will grow as a lifestyle service platform provider putting together [...]
SEOUL, July 24 (Korea Bizwire) – Shinhan Bank plans to offer professional and systematic consulting service dealing in mergers and acquisitions of small- and medium-sized companies (SMEs) by prospecting for companies with M&A intentions. The leading bank in Korea announced on July 22 that it would make a full-fledged M&A service for SMEs by offering differentiated service [...]