share-swap Archives | Be Korea-savvy

Naver, Shinsegae Join Hands to Take on Coupang via 250-bln Won Share Swap Deal

SEOUL, March 16 (Korea Bizwire) — South Korea’s top portal operator Naver Corp. and retail giant Shinsegae Group said Tuesday they agreed to a share swap deal valued at 250 billion won (US$221 million) to strengthen their foothold in the highly competitive e-commerce sector. Under the agreement, Naver will buy 150 billion won worth of [...]

Naver, CJ Sign Share-swap Deal in Strategic Tie-up

SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s top online portal operator Naver and entertainment and logistics giant CJ Group signed a share-swap deal Monday in a strategic tie-up to boost their competitive edge in the e-commerce and entertainment industries, officials said. Under the deal worth 600 billion won (US$531 million), Naver will acquire a [...]