SEOUL, Oct. 29 (Korea Bizwire) — Woongjin Co. said Monday that its consortium has signed an agreement with a local private equity firm to acquire Coway Co. for 1.68 trillion won (US$1.48 billion) while the Woongjin chairman vowed to make the top water purification maker the business group’s key growth engine. Under the deal, Woongjin [...]
SEOUL, Jan. 3 (Korea Bizwire) – Woongjin Corp. said Wednesday it will re-enter the water purification business, five years after it sold off South Korea’s top water purification maker amid financial difficulties. In 2013, then cash-strapped Woongjin sold a 30.9 percent stake in Woongjin Coway Co. for about 1.2 trillion won (US$1 billion) to MBK [...]
SEOUL, Sep. 3 (Korea Bizwire) – Woongjin ThinkBig is betting big on a new “book club” business. The company increased its capital by 35 billion won on August 29 in order to use the fund to invest in the book club service introduced just last month. Given it had streamlined a number of new businesses of late, this [...]
Seoul, Korea, August 01 (Korea Bizwire) – Waterparks in Korea are booming with visitors as the weather is starting to heat up after the longest monsoon season since 1973. Among the various options available ‘Sparo’ (http://www.sparo.co.kr), an online mall that specializes in waterparks and spas, recommends the following four waterparks suited for visitors with families, friends, [...]