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Blackstone, Carlyle Group and MBK Partners have joined the race to purchase the bio business of CJ CheilJedang Corp., the world’s largest producer of feed amino acids, according to people familiar with the matter.Some four to five private equity groups, including the three buyout firms, will carry out due diligence on the bio division, worth an estimated 6 trillion won ($4.3 billion), …
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CJ CheilJedang Corp., South Korea’s largest food company, is seeking to sell its bio business for around 6 trillion won ($4.3 billion) in what could be the country’s largest M&A deal this year, according to people familiar with the matter on Monday.Unloading the profit-making business is in line with its parent CJ Group’s restructuring efforts to revive the sagging sales of its two ...
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Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensations BTS and NewJeans, is embroiled in a controversy over his private shareholders’ contract with private equity firms, which is suspected to have dealt a big blow to the company’s stock immediately after its listing about four years ago.
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UK-based activist fund Palliser Capital Ltd. is demanding SK Square Co., the investment arm of South Korea’s second-largest conglomerate SK Group, work on measures to boost its corporate value, including increased share buyback and heavier investment in promising sectors.The request comes after the UK hedge fund acquired a more than 1% stake in SK Square over the …
Korean Investors - KED Global
Pension funds NPS enjoys 9.2% return as of Q3 on bullish US stocks. The National Pension Service (NPS), South Korea’s largest institutional investor, reported a preliminary 9.18% return from investments, equivalent to 97 trillion won ($70 billion), during the first nine months of this year thanks to the robust
Markets - KED Global
Read more Markets in KED Global, The Korea Economic Daily Global Edition where latest news on Korean companies, industries, and financial markets.
Markets - KED Global
Fintech. NinjaTrader to revitalize Koreans’ domestic, overseas derivatives investments. NinjaTrader Group LLC., a leading US futures broker, is set to accelerate South Koreans’ investments in overseas derivatives while seeking to attract foreign investors to revive the ailing derivatives market in Asia’s fourth-largest econo
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South Korean home appliance giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business (B2B) market as the company faces growing headwinds from economic uncertainties.LG said on Thursday it is showcasing a …
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To our readers ‘Korea Does Matter.’ This phrase was one of many candidates for the name of our new service for non-Koreans. Although we ended up using our existing brand The Korea Economic Daily with the tagline ‘Global Edition’, I still think ‘Korea Does Matter’ is a good name because this country really does matter.
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Oct 7, 2020 · Hanwha Ocean Co., South Kora’s third-largest shipbuilder, is expected to win its first container ship order from the world’s No. 2 shipping company A.P. Møller – Mærsk A/S in a up to $2.2 billion deal.Hanwha Ocean has agreed with Maersk to build six 16,000-twenty-foot equivalent unit (TEU) class liquefied natural gas (LNG) dual-fueled container ships priced …