Economy
M&A·IB
[Market In] LOTTE rental to Be Acquired by U.S.-Based TPG… Sale Price Set at 1.3 Trillion Won
Global private equity fund (PEF) manager Texas Pacific Group (TPG) is acquiring LOTTE rental(089860). According to investment banking (IB) industry sources on the 11th, Hotel Lotte held a board meetin…
M&A·IB
[Market In] Premium Prices for Synergy and Technology… Private Equity Fund Assets Being Snapped Up by Corporations
There has been a series of cases where global private equity fund (PEF) managers are selling portfolio companies to strategic investors (SIs), including large conglomerates. While secondary transactio…
M&A·IB
LX Invest, Celebrating Its 11th Anniversary: Starting in Consumer Goods, It Made Its Mark in Materials, Parts, and Equipment [Market In]
LX Investment (LX Invest), now in its 11th year since its founding, is increasing its presence in the mid-sized private equity (PE) market. The firm, which began by investing in minority stakes in con…
Business·Industry
The Special Act on Semiconductors Took Effect Today… Will Samsung and SK Speed Up Their Fab Construction Plans?
A support system is being launched to accelerate the large-scale semiconductor investments being pursued by SamsungElectronics and SK hynix in Yongin and the Honam region. With the government now able…
Insurance
TONGYANG LIFE INSURANCE to Become a Wholly-Owned Subsidiary of WOORIRO CO., LTD… Delisting Procedures to Begin at the End of This Month
TONGYANG LIFE INSURANCE is set to undergo delisting procedures following its acquisition as a wholly-owned subsidiary of WooriFinancialGroup.
A view of TONGYANG LIFE INSURANCE’s headquarters. (Phot…
Business·Industry
Hankook Tire Reports 58% Increase in Second-Quarter Operating Profit on Strong Sales of High-Value-Added Products
A panoramic view of Hankook Tire’s Technoplex headquarters. (Photo courtesy of Hankook Tire)
HANKOOK TIRE & TECHNOLOGY(161390)reported a significant increase in second-quarter operating profit, dr…
Finance
“Will Insurance Payouts Be Reduced?”… AI Has Made Its Way into Insurers’ Core Operations
As the use of generative artificial intelligence (AI) rapidly expands across various industries, the insurance sector has reached a point where AI is now involved in the claims review process. Moving …
Business·Industry
[Exclusive] LGELECTRONICS HVAC Head Visits Indonesia in the 'Global South'… AI Data Center Alliance
Lee Jae-sung, President and Head of the ES Business Division at LGELECTRONICS, who oversees the company’s heating, ventilation, and air conditioning (HVAC) business, visited Indonesia earlier this mon…
Business·Industry
SAMSUNG SDI CO.,LTD. to Develop Next-Generation Prismatic Batteries with GM… Production to Take Place at Dedicated North American Plant
SAMSUNG SDI CO.,LTD. will jointly develop next-generation prismatic batteries for electric vehicles with General Motors (GM) of the United States, incorporating high-energy-density and fast-charging t…
Macroeconomics
Top 10 Companies Account for 55% of Exports… 'Unprecedented Concentration'
The phenomenon of “unprecedented concentration”—in which just 10 companies account for more than half of South Korea’s exports—is intensifying. Following the first quarter, when trade concentration ex…