Ji-eun Ha

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Alaska governor seeks Korean partners for $44 bn LNG project

1 month ago | kedglobal.com | Ji-eun Ha |Hyung-kyu Kim

Alaska Governor Mike Dunleavy visited South Korea on Monday to hold a series of one-on-one meetings with top executives from Korean energy and steel companies as the state seeks partners for its $44 billion liquefied natural gas (LNG) development project, according to diplomatic and energy industry sources. Originally scheduled for two days, Dunleavy’s trip has been extended to Wednesday to accommodate individual discussions with firms, including SK, POSCO and SeAH Steel groups on Wednesday.
Dongkuk to file anti-dumping petition vs Chinese color steel imports

1 month ago | kedglobal.com | Jin-Won Kim |Ji-eun Ha

Dongkuk Coated Metal Co. and SeAh Steel Corp. will file an anti-dumping complaint against Chinese rivals in March as the country plans to impose up to 38% provisional anti-dumping duties on Chinese hot-rolled steel plates starting next month.
How STIC Investments’ bet on animal fat processor DK O&T pays off

Jan 17, 2025 | kedglobal.com | Ji-eun Ha

In South Korea, businesses handling livestock by-products had no investor appeal. They were generally mom-and-pop businesses and appeared to be low in value, with limited growth potential. However, STIC Investments Inc. bet that Daekyung Oil & Transportation Co. (DK O&T), based in Busan, South Korea’s second-largest city, could be reborn as a high-end products and environmentally-friendly company. And its bet proved to be right.
CVC poised to buy S.Korea’s top contact lens maker OLENS

Jan 16, 2025 | kedglobal.com | Jun-ho Cha |Ji-eun Ha

CVC Capital Partners is in the final stage of negotiations to acquire OLENS, South Korea’s largest contact lens brand, for about 500 billion won ($343 million), according to investment banking sources on Thursday. It is seeking to acquire more than a 50% stake in Star Vision Co., which controls OLENS, including the 49% stake owned by a consortium of PS Alliance and Pearl Investment.
Korean entertainment powerhouse K Wave Media to debut on Nasdaq in Feb

Jan 11, 2025 | kedglobal.com | Ji-eun Ha

K Wave Media Ltd., an umbrella entity of South Korean entertainment companies, is set to go public on the Nasdaq next month to raise money from global investors for content production and strengthen its bargaining power in talks with giant content distributors such as Netflix Inc. The company, formerly K Enter Holdings Inc., plans to hold a shareholder meeting to approve a merger with Global Star Acquisition Inc.
Frustrated Korean lenders to Accell threaten to boycott KKR

Jan 10, 2025 | kedglobal.com | Ji-eun Ha

KKR & Co. is facing a huge backlash from South Korean financial services firms after the debt restructuring of Dutch bicycle manufacturer Accell Group, which the private equity firm acquired in 2022, exacerbated their investment losses. They criticized KKR’s lack of communication before reaching the debt write down agreement, which they said heightened its reputational risk.
Corstone, Q Capital in talks with foreign investors to sell K-chicken chain

Jan 8, 2025 | kedglobal.com | Ji-eun Ha

Seoul-based private equity firms Corstone Asia and Q Capital Partners are in talks with foreign investors to sell a South Korean fried chicken chain operator in an estimated 150 billion won ($103.2 million) deal, taking advantage of the global craze for the crispy and savory food.
Affinity to develop top Korean car rental firms into mobility service providers

Dec 10, 2024 | kedglobal.com | Jong-kwan Park |Ji-eun Ha

Affinity Equity Partners aims to develop the leading South Korean car rental companies into mobility service providers to create additional profitability, the head of the private equity firm’s operations in the country said on Monday. Affinity was selected as a preferred bidder to buy a 60.67% stake in Lotte Rental Co., South Korea’s top car leasing firm, in a deal estimated at around 1.5 trillion won ($1.1 billion) from troubled Lotte Group, investment banking industry sources said.
Korea’s LX Pantos IPO to be delayed as Mirae Asset sells stake

Dec 9, 2024 | kedglobal.com | Ji-eun Ha

South Korea’s leading brokerage firm Mirae Asset Securities Co. is set to sell its entire stake in LX Pantos Co., adding to expectations of a further delay in the domestic logistics company’s listing. LX International Corp., South Korean logistics-to-trading conglomerate LX Group’s trading arm, said on Friday it agreed to buy a 19.9% stake in LX Pantos for 195 billion won ($135.9 million) from Mirae Asset Securities II Private Equity Fund.
La Defense may have a say over Hanmi Pharm's family feud

Nov 26, 2024 | kedglobal.com | Ji-eun Ha

La Defense Partners is expected to exercise a casting vote over the ongoing management dispute at Hanmi Science Co. after the Seoul-based private equity firm increased a stake in the holding company of Hanmi Pharmaceutical Co. to 5%.