SEOUL, Oct. 20 (Korea Bizwire) — A South Korean consortium led by local electric carmaker Edison Motors Co. has been recommended as the preferred bidder to acquire SsangYong Motor Co., the company said Wednesday. “SsangYong and its lead manager have recommended the Edison Motors consortium as the preferred bidder for the carmaker,” a SsangYong Motor [...]
SEOUL, June 17 (Korea Bizwire) — South Korean property developer Sung Jung, the preliminary preferred bidder for Eastar Jet Co., is set to acquire the financially troubled budget carrier, beating a sole bidder in the latest auction, industry sources said Thursday. On Monday, a consortium led by local underwear company Ssangbangwool, Inc. attended the auction [...]
SEOUL, June 16 (Korea Bizwire) — A South Korean conglomerate Shinsegae-led consortium has been picked as the preferred bidder for eBay Korea, the South Korean unit of e-commerce giant eBay, beating its local rival Lotte Shopping and heralding a seismic change in the country’s e-commerce sector, industry sources said Wednesday. The Shinsegae-Naver consortium reportedly offered [...]
SEOUL, June 13 (Korea Bizwire) — Budget carrier Eastar Jet Co. may pick a preferred bidder next week after reviewing plans from several investors to take over the financially troubled company, industry sources said Sunday. Easter Jet, currently under a court-led rehabilitation scheme, has received letters of intent from several companies, including a consortium led [...]
SEOUL, Nov. 12 (Korea Bizwire) — HDC Hyundai Development Co., a midsized construction firm, is aiming to diversify its business portfolio as it was picked as the preferred bidder for a stake in Asiana Airlines Inc., South Korea’s No. 2 airline. In the final auction for sale of a 31-percent stake in the airline, a [...]
SEOUL, Nov. 12 (Korea Bizwire) — A consortium led by construction firm HDC Hyundai Development Co. has been named as the preferred bidder to acquire Asiana Airlines Inc., Kumho Industrial Co. said Tuesday. Parent Kumho Asiana Group put Asiana Airlines up for sale in April and has been aiming to sell a 31 percent stake [...]
SEOUL, Dec. 24 (Korea Bizwire) – Mirae Asset Group, one of South Korea’s leading asset managers, has been picked as the preferred bidder to take over the country’s second-largest brokerage house Daewoo Securities Co., its main creditor said Thursday. The deal is expected to change the landscape of the brokerage industry as the deal will [...]