Dongwon F&B to invest $112M for new food manufacturing facilities

Dongwon F&B will invest 165 billion won ($112 million) to construct manufacturing facilities for frozen and refrigerated meals and dairy drinks, according to the food and beverage firm’s electronic disclosure filed on Monday.

2024-12-31

Dongwon threatens lawsuit over HMM bidding war

Seafood company Dongwon has challenged the fairness of the bidding process involved in the acquisition of shipping company HMM. Dongwon is competing with Harim Group for the purchase.

2023-12-11

Dongwon, Harim Group bid for HMM, reports say

Dongwon and Harim Group participated in a bid to acquire container shipper HMM, according to media reports on Thursday, paving the way for the deal that could fetch up to 7 trillion won ($5.4 billion).

2023-11-23

HMM attracts major suitors for $3.9 billion buyout

Three Korean firms — Harim Holdings, Dongwon Group and LX Holdings — and German shipping company Hapag-Lloyd, have expressed an interest in acquiring HMM, Korea's largest shipping company, in a buyout deal worth 5 trillion won ($3.9 billion).

2023-08-22

Bidders receive IMs for $3.9B HMM stake sale

Multiple corporate groups from the shipping, trading and food industries have been picked as prospective investors for a $3.9-billion controlling stake in Korea's largest shipping company HMM, after receiving an Investment Memorandum.

2023-07-26

Dongwon to start new auto parts logistics venture

Dongwon Group will establish the new venture “Next Lo” next month to strengthen the group's competitiveness in auto part logistics. An affiliate of Dongwon Loex, the group’s logistics unit, Next Lo specializes in all aspects of auto part...

2023-04-24

New vegan brand hits Korean market, offers tuna, dumplings

A new vegan food brand called My Plant has hit the market, releasing products including vegan tuna and vegan dumplings, Dongwon F&B announced Tuesday.

2023-03-09

McDonald's Korea close to being sold to Dongwon Industries

Dongwon Industries has been chosen as the sole bidder for McDonald's Korea in a 500 billion won ($400.8 million) deal, according to local reports. The sale by the Chicago-based parent company is being managed by Mirae Asset Securities.

2023-02-06

Dongwon Group's acquisition of McDonald's Korea is in the works

Dongwon Group is in the process of acquiring McDonald’s Korea, according to reports Monday. Dongwon Industries, the group’s holding company, is reported to have been the sole preliminary bidder in the tender on Jan. 17, and the group began its...