Global private equity fund (PEF) Carlyle Group will sell a 1.2 percent stake in KB Financial Group in a block deal worth about 32 billion won.According to sources in the investment banking (IB) industry on Feb. 14, Carlyle Group made a demand forecast after the close of the market to push forward th
The sale of GS E&C’s subsidiary GS Inima will begin in earnest from February.According to sources in the investment banking (IB) industry on Jan. 10, GS E&C will distribute an investment prospectus for the sale of a stake in its wholly owned subsidiary GS Inima before the Lunar New Year holiday in F
Following the passing of the late Lee Kun-hee, the former chairman of Samsung, in 2020, it has been revealed that the mother and two daughters of the Samsung owning family, including Hong Ra-hee, the former director of the Leeum Samsung Museum of Art; Lee Boo-jin, the CEO of Hotel Shilla; and Lee Se
MBK Partners announced that Moon Joo-Ho, the executive director in charge of special situations investments in Korea, was promoted to the position of partner and vice president on Jan. 1.Vice President Moon graduated from Seoul National University with a degree in Business Administration and holds a
Goldman Sachs Asset Management today announced the final close of West Street Life Sciences I, representing the first fund in the firm’s Life Sciences Investing strategy. Life Sciences I closed above its fundraising target, with $650 million in equity commitments from a global, diverse group of inst
Forbes today unveiled its 2023 Asia’s Power Businesswomen list, honoring 20 successful female leaders across the Asia-Pacific region, who operate in a broad range of industries including finance and banking, property, technology and commodities. The complete list can be found in the November issue o
Ed Note: A previous version of this story misattributed the ownership structure of Hillhouse Capital. The article was edited on Nov. 6, 2023. Private equity fund (PEF) manager Hillhouse Capital is actively pursuing the acquisition of SK eco prime, the leading biodiesel company in South Korea.Accordi
The much-anticipated IPO of Doosan Robotics on the KOSPI this year has solidified its offering price at the top of its anticipated range, thanks to massive interest from the world’s largest sovereign wealth funds and asset management companies.According to the domestic economic media Seoul Economic
As three groups – LX International, a consortium led by Harim, and Dongwon Industries – were selected as potential candidates for HMM’s acquisition and has begun due diligence process for two months, the industry is already witnessing negative speculation.The uncertainty surrounding HMM’s management
In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
Despite the waning of the “king dollar” phenomenon that prevailed last year, the currencies of three East Asian countries – South Korea, China, and Japan – have not managed to break free from their weakened positions. Notably, the Korean won appears to be weaker compared to the Japanese yen and the
Hapag-Lloyd, based in Germany and the fifth-largest shipping company in the world, is currently considering participating in the acquisition bid for Hyundai Merchant Marine (HMM), the largest shipping company in South Korea, which is currently offering a sale.According to investment banking (IB) ind
Japan has reported a 1.5% economic growth rate in the second quarter, significantly outpacing South Korea’s 0.6%. Despite the global economic slowdown, Japan continues its growth streak for the third consecutive quarter. Its stock market has also reached its highest level in 33 years, indicating a r
Lotte Chemical’s share price plummeted to its lowest level of the year on Aug. 9. Goldman Sachs, providing a bearish outlook, set a target price of 100,000 won for Lotte Chemical, suggesting it could fall about 30% more, after it had dropped over 6% on the day.According to the Korea Exchange, Lotte
Singapore’s sovereign wealth fund, GIC, is teaming up with domestic institutional investors to undertake a substantial data center project. Despite challenging investment market conditions due to factors like consecutive interest rate hikes, data centers are gaining popularity as a stable and attrac
LG Chem announced on July 12 that it has completed the issuance of US$2 billion worth of foreign currency exchangeable bonds (EBs).The previous day’s demand collection to investors in Asia and Europe attracted more than US$10 billion from more than 150 investors and institutions. The amount was more
As China’s recovery from the coronavirus pandemic has been slower than expected, investors are increasingly turning to so-called post-China markets such as India and Vietnam.In fact, the Indian and Vietnamese stock markets have been rising steadily this year. The Sensex and Nifty 50, India’s leading
Over 98% of the investors holding a large quantity of short-selling shares in South Korea's stock market are foreign investors, it has emerged. A “large quantity” is defined as 0.5% or more of the total listed shares of a particular item, or a value exceeding 1 billion won (US$773,703).According
The three major Korean battery companies accounted for 49.0 percent of the global electric vehicle battery market, excluding China, in the first quarter. The total usage of their batteries amounted to about 64.2 GWh, a year-on-year growth of 45.3 percent.The three Korean battery makers ranked high i
A Goldman Sachs report evaluated that the Yoon Suk-yeol government’s reorganization of capital market policies to expand shareholder rights and interests and strong winds of shareholder activism in the Korean stock market are positive in resolving the Korea discount which undervalues the Korean stoc