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Sunday, May 22, 2022
Online retailer is expected to find new owner It seems that eBay Korea has prepared for a sell-off as the U.S.-based online retailer is reportedly set to sell its Korean subsidiary in the not-so-distant future. A source familiar with the issue...
German company to sell Yogiyo to acquire Baedal Minjok Germany’s Delivery Hero showed its willingness to accept conditional approval of the Korean government in its acquisition of the latter country’s top food delivery app Baedal Minjok. Earlier this week, the Korea...
Game publisher buys rental giant Netmarble, one of the leading game publishers in Korea, managed to snap up Woongjin Coway, the country’s business bellwether in the water purifier rental industry. Netmarble said Dec. 27 that the Seoul-based company will spend 1.74...
Line in merger talks with Yahoo Japan Two major high-tech corporations of Korea and Japan are poised to join hands so as to challenge such global players as Amazon in the United States and China’s Tencent. Line, the biggest instant messaging...
HDC-gets-closer-to-buying-Asiana

HDC set to buy Asiana

HDC consortium named preferred bidder for Asiana Kumho Asiana Group named the consortium of Hyundai Development (HDC) and Mirae Asset Daewoo as the preferred bidder for Asiana Airlines, the country's No. 2 flag carrier. Kumho, which tries to sell its 31.05...
Three players strive to purchase No. 2 flag carrier Two consortia led by Aekyung Group and Hyundai Development (HDC) each strive to acquire Asiana Airelines, the country’s second-largest flag carrier that is up for grab. A total of three consortia headed...
Price expected to approach $2 billion Four players stage fierce competition to gobble up Asiana Airlines, Korea’s second-largest flag carrier that is up for grab because of its deteriorating bottom lines over the past year. They are Aekyung Group, Hyundai Development...
Regulatory hurdles deter M&A deal of MBK Partners This year, there were two big acquisition deals in the country’s pay-TV industry. LG Uplus took over CJ HelloVision, and SK Telecom gobbled up T Broad. The two contracts now wait for...
Defense company strives to beef up competitiveness via M&A deal Hanwha Aerospace, a major affiliate of Hanwha Group, has funneled $300 million to gobble up EDAC Technologies, a U.S. aircraft engine component manufacturer. Hanwha Aerospace recently said that it signed the...
Korea's top gaming firm up for sale Korea’s largest gaming company Nexon is up for grab as its founder Kim Jung-ju strives to sell off a 98.64-percent stake in NXC, the holding company that has 48 percent of Nexon. Late last...

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BTS wins three Billboard awards

K-pop group continues to make history South Korean boy group BTS has won three prizes at the 2022 Billboard Music Awards this week out of...

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