Hyunjoo Jin
Stories by Hyunjoo Jin
SoftBank plans new venture fund to tap early-stage startups
The global fund from newly rebranded Seoul-based SoftBank Ventures Asia will be worth as much as $500 million and could launch next month.
Tencent, Kakao said to be among shortlisted bidders for Korean gaming firm Nexon
NXC Corp, the holding firm which controls Nexon, has reportedly also shortlisted PE firms Bain Capital and MBK Partners, as well as an unidentified P
Amazon, Comcast, Electronic Arts make initial bids for gaming major Nexon parent
Last week, South Korean tech firms Netmarble and Kakao and private equity fund MBK Partners submitted letters of intent to buy the holding firm, NXC C
Netmarble, MBK Partners submit bids for Korea’s gaming giant NXC Corp
Kim Jung-ju, founder of Nexon, is looking to offload a 98.64% stake in NXC in one of South Korea's biggest deals that could be worth as much as $9 bil
Saudi Aramco plans to buy stake in S Korea’s Hyundai Oilbank for $1.6b
Saudi Aramco, Saudi Arabia's state-owned oil giant Aramco, is the biggest shareholder of S Korean refiner S-Oil Corp.
Shinhan Financial to buy ING’s ex-South Korean unit for $2.1b
In 2013, South Korea's private equity firm MBK Partners had bought the insurer from ING Group for 1.84 trillion won, and in 2017 sold part of its stak
S Korea’s CJ eyes US frozen foods firm Schwan’s in $1.8b deal
CJ CheilJedang is joining hands with local PE firm JKL Partners to tap into the U.S. food market.
S Korean cosmetics maker Cosmax rejects two takeover offers, to stay independent
This comes when global cosmetics brands snap up South Korea's small but fast-growing cosmetics firms at hefty premiums
Hyundai Motor to cancel $890m in shares amid shareholder pressure
The cancellation is an initial win for U.S. hedge fund Elliott Management, the most prominent among the few activist shareholders to seek reforms at S
L’Oreal emerges as preferred bidder for S.Korean cosmetics firm Nanda
The deal would make L'Oreal the latest foreign investor to bet on continued demand for Korean beauty products in Asian markets such as China, backed b
