Page 2 - Jun Ho Cha News Today

Heirless, baby boomer SME owners in search of buyers As baby boomer owners are retiring, their offspring opt to inherit cash instead of family business By An　automotive　parts　plating　plant　in　Incheon,　South　Korea The son of a South Korean manufacturing companys owner, with a Ph.D degree in engineering, has refused to take over his fathers business and instead chose to work for an IT company. The daughter of another small Korean manufacturers founding family is demandi...

GIC set to buy stake in Starbucks Korea for $700 mn The sovereign wealth fund may consider Starbucks Koreas IPO as an exit option By Singapores sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse chains parent company for 800 billion won ($700 million), according to investment banking sources. As part of the upcoming deal, Seattle-based Starbucks Corp. is selling its remaining 20% stake in the South K...

(Getty Images Bank) The Korean Teachers Credit Union (KTCU) has netted a combined 173 billion won ($155 million) from its eight-year investment of A$100.8 mil

TVings recently-released original drama series,

Concurrent deal closings by Kakao, Naver: Mere coincidence? Rivalry evolves into global expansion, new businesses Jun-ho Cha 8 HOURS AGO Kakao　Japan　runs　Piccoma,　a　leading　webtoon　platform Early this month, when Anchor Equity Partners was in intense negotiations with Kakao Corp. over the terms of its 600 billion won ($530 million) investment in the South Korean mobile giants Japan unit, the private equity firm was suddenly given short notice: "Anyhow, get ready soon. ...

Courtesy　of　TaylorMade　Golf South Koreas lesser-known private equity firm Centroid Investment Partners has acquired US sports equipment manufacturing firm TaylorMade Golf Co. for 1.8 trillion won ($1.7 billion), marking the largest-ever acquisition in the golf goods industry. The cross-border transaction became the six-year-old PEFs first deal in the billion dollar range, beating four other unidentified shortlisted candidates, including a global strategic buyer, according to investment ba...

 Lee　Do-yoon　had　served　as　CIO　of　the　Police　Mutual　Aid　Association　between　2016　and　2020 Lee Do-yoon, a former chief investment officer of South Koreas Police Mutual Aid Association (PMAA), has been named as CIO of the Yellow Umbrella Mutual Aid Fund, a $13 billion savings arm of Korean small business owners. He was among the three shortlisted candidates for the new post, including an unidentified domestic savings fund CIO, to replace Jeong Du-Yeong who is retiri...

Hyundai　Rotems　commuter　train　shipped　to　Taiwan The Hyundai Motor Group is in the final stages of talks to sell the loss-making rolling stock division of Hyundai Rotem Co. to Germanys Siemens AG which is seeking to gain a foothold in Asia. Both Hyundai and Siemens had entered negotiations early last year on the rolling stock business carve-out, but have yet to fine-tune the terms and details, according to investment banking sources on Apr. 20. Hyundai Motor is the top shareholder o...

Individual　investors　protesting　at　the　entrace　of　the　National　Pension　Services　headquarters　in　Jeonju　on　Mar.　4 The National Pension Service has bowed to pressure from retail investors to raise the upper limit for domestic stock purchases, after it was blamed for leading South Korean pension funds net selling of 15.5 trillion won ($14 billion) on the main bourse since the beginning of the year. The NPS top decision-making committee passed a proposed readjustment...

Jun-ho Cha 6 HOURS AGO ENG The Korean Teachers Credit Union (KTCU) achieved its highest investment return in 11 years of 10% in 2020, led by substantial gains from domestic equities and from the divestment of Ellie Mae Inc., a US cloud-based platform provider. Last years return marks its strongest annual result since 2009, amounting to 3.3 trillion won ($2.9 billion) in investment gains for the whole year of 2020, the South Korean retirement fund said on Apr. 2. Domestic equities ret...