Weather New York, NY +69°F

South Korea

Bank of America

South Korean fund mulls $1B Bank of America stake sale -report

South Korea-based investment fund Korea Investment Corp (KIC) is considering selling a $1-billion stake in Bank of America after the latter's value halved since 2008, according to a report by Korean media.

Read Full Article
Microsoft Corp

Microsoft and Samsung to acquire stakes in French startups -report

Tech giants Microsoft and Samsung are in talks to acquire stakes in a France-based online music startup and a video-sharing website, according to a report by French weekly Le Journal du Dimanche.

Read Full Article
Marubeni Corp

Marubeni divests Aussie power plant stake to South Korean buyer -source

Japan-based trading house Marubeni Corp sold its 30% interest in Australia-based Milmerran Power Station to a buyer in South Korea for under A$200 million ($179 million), according to a source familiar with the deal.

Read Full Article
David Zuchowski

Hyundai Motor US names David Zuchowski as new chief, John Krafcik to step down by year's end

Hyundai Motor Co. on Friday named sales chief David Zuchowski as the new chief of its US arm. Zuchowski will replace incumbent US chief John Krafcik, whose contract expires at the end of the year.

Read Full Article
LG International Corp

GS Holdings and LG to pay $598M for combined stake in South Korea's STX Energy

South Korean oil refiner operator GS Holdings Corp entered into an agreement with commodity trader LG International Corp to acquire a combined stake in STX Energy for $598 million.

Read Full Article
Korean Won

South Korean private equity funds lead in domestic buyout market

Local buyout funds like MBK Partners and Vogo Fund are now leading the domestic buyout market in South Korea just nearly a decade after its first private equity fund was established in the country, the Financial Times reported.

Read Full Article
Hanjin Shipping

South Korean private equity fund Hahn & Co to pay $283M for Hanjin Shipping's bulk shipping unit

South Korean-based private equity firm Hahn & Co will pay $283 million to buy a 76% stake in Hanjin Shipping Co's bulk carrier business, Bloomberg reported.

Read Full Article
South Korea

Local private equity in South Korea rises against foreign competition

Financial data from Mergermarket indicated an increasing influence of local buyout firms in South Korea, thanks largely to the support of the national government by relaxing regulations, a Financial Times report said.

Read Full Article
Korean Air

South Korean flag carrier Korean Air sells S-Oil stake, planes to raise KRW3.5 trillion

Korean Air, South Korea's flag carrier and largest airline, has put up for sale its shares in refiner S-Oil and 13 planes to raise KRW3.5 trillion. Proceeds from the deal will be used to pare its debt and provide aid to affiliate Hanjin Shipping Co.

Read Full Article
LIG Insurance Co. Ltd.

South Korea's LIG Insurance picks Goldman Sachs to advise on stake sale

LIG Insurance Co. has put up for sale a controlling stake of 20.96% in the South Korean non-life insurer to compensate investors for losses sustained after buying debt issued by its affiliate. It has hired Goldman Sachs Group to advise on the sale.

Read Full Article
Apple iPhone 4S

Samsung loses to Apple on patent infringement case

A South Korean court awarded Apple a legal victory on a patent infringement case filed by Samsung Electronics Co. The decision would enable Apple to continue selling its products in South Korea, Reuters said in its report.

Read Full Article
Oriental Brewery

Report says Anheuser-Busch InBev begins talks to buyback South Korea's Oriental Brewery

The New York Times said private equity investors of Oriental Brewery in South Korea could stand to gain a 34% annualized return on their original investment of the brewery.

Read Full Article
MBK Partners

South Korea gives green light to MBK's $1.75 billion takeover of ING Life Korea

South Korea's Financial Services Commission on Wednesday cleared MBK Partners' $1.75 billion acquisition of ING Groep's Korean insurer. MBK bought 8.2 million shares in ING Life Korea.

Read Full Article
Ambassador Oil and Gas Ltd

Australian energy firm Ambassador exits gas field stake for $42.5M

Australia-based energy company Ambassador Oil and Gas Ltd has sold its 52.5% stake in South Australia's Cooper Basin, a potential gas field, to New Standard Energy Ltd for USD42.5 million.

Read Full Article
Gaw Capital Partners

Hong Kong's Gaw Capital eyes USD1-billion overseas acquisitions

Hong Kong-based private equity firm Gaw Capital Partners is set to purchase minority stakes in four commercial property acquisitions in the UK and the US, in a deal with a total value of USD1 billion.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics