LX International, Dongwon Industries and the consortium of Harim Holdings and JKL Partners appear to be going all out to secure cash to win in a bid to acquire a controlling stake in HMM, which is estimated to be up to 6 trillion won ($4.5 billion), according to industry officials, Tuesday.
There is growing skepticism over the success of Korean Air s efforts over the last three years to acquire Asiana Airlines, according to industry officials, Wednesday.Such concerns have emerged as antitrust regulators of the U.S. and the European Union kept delaying their approvals for the deal and asked Korean Air to come up with more effective measures to prevent a monopoly after the merger.
As the private equity fund (PEF) market has shown slowed growth since late last year, market experts are advising PEFs to diversify their investment portfolios by discovering new growth engines in overseas market, as well as high-tech sectors.
Hana Financial Group has entered the fray to acquire KDB Life, the insurance arm of the Korean Development Bank (KDB). This move is viewed as an attempt to enhance its competitiveness in the insurance market, particularly as its rivals, KB Financial Group and Shinhan Financial Group, seek to strengthen their non-banking arms through separate acquisitions.
As international attention focuses on achieving net-zero emissions by 2050, financial firms with the capacity to pursue opportunities in this area are expected to reap sizeable profits in the global market.