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Wednesday, May 27, 2020
Does state oil company have too much market power? Few Koreans know much about Saudi Aramco, the oil company headquartered in Saudi Arabia, but the outfit continues to expand its footprint here silently. Early this week, Hyundai Heavy Industries Holdings said...
Preferred bidder to be announced soon Liberty Media, which owns Major League Baseball team Atlanta Braves, tried to purchase Korea’s game publisher Nexon, which is currently up for sale, according to a local media outlet. Sources in the investment banking industry...
Will-HDC-acquire-Asiana

Will HDC acquire Asiana?

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...
Bidding process of Korean gaming giant delayed twice in May As Nexon founder Kim Jung-ju put up for sale a controlling stake in Korea’s leading gaming company, the bidding process was supposed to take place on May 15. But the process...
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...
Chief executives of flag carriers suffer setbacks Heads of Korea’s two flag carriers quit their jobs in two days _ one was ousted, and the other decided to leave the top position amid the uproar over an audit report. Kumho-Asiana Group...
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...
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...
Out of almost 10 contenders seeking to acquire Korean game publisher Nexon, five have seemingly made it to the next round. Citing investment banking sources, Korean media outlets reported that five had been shortlisted. They include Tencent, Kakao, MBK Partners...
Comcast Corporation, the No. 2 broadcasting and cable TV company in the world, keeps an eye on Korea to find new revenue sources. The Philadelphia-based cable giant reportedly took part in the heated competition to acquire Nexon, a highly successful...

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