SEOUL, Oct. 14 (Korea Bizwire) — Netmarble Corp., South Korea’s top mobile gaming company, said Monday it has been chosen as the preferred bidder to buy Woongjin Coway Co., the country’s largest home appliance rental service provider. Netmarble will acquire a 25.08 percent stake in Woongjin Coway if the deal is completed. Woongjin Group put [...]
SEOUL, Oct. 11 (Korea Bizwire) — The sale of Woongjin Coway Co., South Korea’s largest home appliance rental service provider, has taken a turn after the country’s top mobile gaming company Netmarble Corp. made an unexpected bid, industry insiders said Friday. Netmarble and the U.S. private equity firm Bain Capital were the two final bidders [...]
SEOUL, Sept. 10 (Korea Bizwire) — Dutch electronics giant Philips has expressed interest in taking over a stake in Coway, South Korea’s top water purification maker which has been put on the selling block, industry sources said Thursday. Last month, Seoul-based private equity fund MBK Partners picked Goldman Sachs as a lead manager of the sale [...]
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 [...]