Creditors of Daewoo Electronics are likely to finalize the  sale of the South Korean appliance maker to Entekhab Industrial as early as next week, reported the Korea Herald. The report cited financial sector sources as saying that the creditors group is expected to hold a meeting to approve the sale next week. The deal...
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In the first half of 2010 M&A-type foreign direct investment (FDI) fell 43% as compared to the same period last year, according to the Ministry of Knowledge Economy’s latest figures. M&A FDI amounted to $352 million for the second quarter, for a first half total of $885 million, down from $1.55 billion in the...
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Strong clinical infrastructure has lead to Korea gaining recognition as a test-bed for new drugs, as global pharmaceutical companies target Asia.
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The interest in pursuing M&A as a growth strategy is increasing amongst Korean companies, as many seek new growth opportunities. A survey of Korean executives conducted by Samsung Economic Research Institute (SERI) found 68% of 288 respondents planning M&As.
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Ernst & Young Han Young, the financial advisor for the sale of Shinil Construction, officially announced the sale of the unlisted South Korean construction company. According to the press release, the sale will be carried out via a public competitive bidding. The advisor is open to receiving letters of intent from potential buyers up to...
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SM Group, a South Korean conglomerate that has several listed subsidiaries under its wing, has showed interest in buying Ssangyong Motor, reported the Seoul Economic Daily. Ssangyong Motor, the listed South Korean auto maker, entered into court receivership in 2008 and currently is involved in a debt workout program. The report cited SM Group...
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Woori Bank has chosen Iran-based Entekhab Industrial Group as a preferred bidder in the sale of Daewoo Electronics, the unlisted South Korean household electronic appliance maker, according to an Woori Bank press release. The Woori Bank-led creditors group will soon sign a memorandum of understanding with Entekhab Industrial Group and finalize the deal by...
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Korea’s M&A-type inbound foreign direct investment (FDI) was up 183%, year over year, according to Korea’s Ministry of Knowledge Economy’s inbound FDI figures for the first quarter of 2010. Although the total FDI notifications stood at U$1,540m, which was down 8.2% as compared to the same period last year, Korea did fare considerably better than...
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Credit Suisse, the financial advisor on the sale of Lone Star’s Korea Exchange Bank, has sent teaser letters to potential buyers, Edaily reported today. The news report cited an unspecified industry source as saying that Credit Suisse had sent the guidelines to overseas and domestic financial firms to learn of their intentions. According to the article...
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POSCO and Lotte, the potential buyers of Daewoo International, are about to start due diligence on the listed South Korean wholesaler, reported Money Today. The report, which cited industrial sources, claimed POSCO and the sell-side held an initial meeting for the inspection last Tuesday and a meeting for Lotte is scheduled today. The contenders...
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