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Reporter : Anna J. Park
Thu, December 8, 2022 | 08:20
Macquarie joins bid to acquire LOCA Mobility
Macquarie Asset Management was revealed to have been among the few potential buyers that participated in the main bid to acquire LOCA Mobility, a subsidiary of Lotte Card. LOCA Mobility operates various traffic solution services, including pre-paid cards, city bus management systems (BMS) and bus information systems (BIS).
Daol Investment put up for sale
Korea's first-generation venture capital firm Daol Investment, formerly known as KTB Network, has been put up in the M&A market, as its parent company aims to secure liquidity amid market uncertainties.
Korea Investment expected to take over KakaoBank stake
Korea Investment & Securities is expected to take over a significant stake in KakaoBank, currently held by its parent company as well as its affiliate. If that happens, the brokerage firm could become the country's top brokerage company with the most capital.
PEFs face dilemma as exits become difficult
Due to the soaring global interest rates and concerns over a recession, private equity firms (PEFs) are finding it hard to make successful exits from some of the projects they previously invested in within their portfolios. That's because unfavorable external factors, including curtailed asset prices, slashed corporate valuations, the bearish moves of stock markets and slowed...
FSS urges Shinhan Bank to bolster anti-money laundering system
The Financial Supervisory Service (FSS) has asked Shinhan Bank to improve its anti-money laundering (AML) management system, particularly in the areas of digital asset businesses and overseas branches.
JB Financial Group awarded as outstanding ESG company
JB Financial Group has been awarded as an outstanding company for its environmental, social and governance (ESG) criteria by the Korea Institute of Corporate Governance and Sustainability (KCGS), as the financial group received a comprehensive A rating from the corporate assessment agency.
Hana Financial promotes mental health with Dr. Oh Eun-young
Hana Financial Group announced Sunday that it hosted a presentation with renowned psychiatrist Dr. Oh Eun-young late last week to provide practical advice for the group's employees to address mental health issues both at work and at home. About 500 workers attended the event held on Friday at Hana Global Campus, the financial group's employee training facility located in Inch...
Hahn & Co. completes acquisition of film business from SKC
Korean private equity firm Hahn & Co. said that it has successfully completed the acquisition of the industrial film business of SKC, an affiliate of Korea's SK Group, earlier this month. The 1.6 trillion won ($1.2 billion) buyout deal is the country's largest M&A transaction closed this year. Hahn & Co. and the SK Group signed a stock purchase agreement in June this year, la...
Won-dollar rate falls below 1,300 for 1st time in nearly four months
For the first time since mid-August, the won-dollar exchange fell below the 1,300 mark during Thursday's trading, after U.S. Federal Reserve Chair Jerome Powell mentioned the likelihood of slowing the pace of rate hikes before the end of the year.
Demand for top-rated corporate bonds shows signs of recovery
Investment sentiment towards top-rated corporate bonds seems to be improving in the local market, as AA-rated companies have recently succeeded in attracting enough capital for their bonds. According to the investment banking industry Thursday, SK Inc. attracted more than triple the necessary capital with its issuance plan of corporate bonds. During its recent book-building p...
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