Police to investigate Indonesian engineer for suspected jetfighter tech theft
An Indonesian engineer suspected of attempting to steal technologies related to the domestically developed KF-21 fighter jet has been referred to police by the state arms procurement agency for investigation, defense officials said Thursday.
Korean Air inches closer to acquisition of Asiana with EU approval
The agreement to give up four redundant routes leaves only U.S. approval of the long-awaited merger.
EU conditionally approves Korean Air's acquisition of Asiana Airlines
The European Union conditionally approved Korean Air's acquisition of Asiana Airlines pending the sale of Asiana's cargo business and the transfer of European routes to a low-cost carrier.
Mergers to get more public, FSC says after Lee Jae-yong acquittal
The Financial Services Commission said Tuesday that it will require companies to publicly disclose the date its board decided to ink a merger or acquisition deal, as well as the board’s evaluation of the price.
Deadlock looms over $4.9 billion HMM sale as negotiation deadline nears
The once-delayed 6.4 trillion won ($4.9 billion) sale of HMM faces a deadlock as primary creditors and the preferred bidder — a consortium of Harim and JKL Partners — remain at odds over acquisition conditions ahead of Tuesday’s negotiation deadline.
Indonesian engineers probed over attempted theft of KF-21 fighter jet data
Two Indonesian engineers are being probed over suspicions that they attempted to steal technologies related to the KF-21 advanced multirole fighter jet, Korea’s state arms procurement agency said Friday.
HMM takeover talks with Harim delayed over final details
Negotiations on the takeover of HMM, Korea's largest shipping company, by preferred bidder Harim and HMM’s primary creditors have been delayed by two weeks.
Harim Group to acquire HMM for $4.9 billion
Korean food firm Harim Group has been chosen as the preferred bidder for the acquisition of HMM, Korea's largest bulk shipping company, in a deal worth up to $4.9 billion. Parties expect to finalize a stock purchase agreement by the end of 2023.
Daiso is now a fully Korean entity
Daiso has become a fully Korean entity. Its parent company, AsungHMP, acquired the stake of Japanese stakeholder Daiso Sangyo for $380.8 million and now owns just over 84 percent of the company.
Mirae acquires Indian brokerage from BNP Paribas for $370 million
Mirae Asset Securities is acquiring the 10th largest brokerage firm in India for $370 million, Mirae said on Tuesday.