LG Display s rollable OLED LG Display Co., a major South Korean display panel maker, will invest $750 million in its display plant in Vietnam to meet rising de
‘YouTube of the Audio World’ Captivates Generation Z “You’re listening to DJ OOO’s radio station!”
The audio-based social networking platform Spoon Me was running a beta test in 2015. The platform was created as a support space where users could share their personal stories with full anonymity through voice instead of by text. While it drew a multitude of young users in their teens and twenties, its revenue model was unclear.
During the test period, something unusual caught the attention of the management team. The users, one after another, were uploading audio clips in a radio talk show format. The clips immediately garnered a positive reaction among users, who started heating up the comments section below the clips.
South Korea-based SK Bioscience Co. is planning its trading debut next month on the country s main bourse, Kospi. The company s enterprise value is expected t
Taihan Electric Wire s cable products
South Korea-based IMM Private Equity is set to announce shortlisted candidates for the sale of Taihan Electric Wire Co. next week. The deal has drawn attention from around 10 global business groups and private equity firms that have joined the race to acquire the country s second-largest electric wire maker.
The company s largest shareholder IMM PE will be exiting five years after its initial investment in 2015. The PE firm plans to sell a 67.54% stake, including stakes held by its special-purpose company and Hana Bank, according to investment banking sources on Feb. 5.
The deal will eventually depend on its price. Last month, the sell-side sold a 6.7% stake in Taihan Electric Wire in the over-the-counter market to attract buyers. The company’s share price, which stood at around 800 won last October, recently surged to around 1,400 won ($1.25). This pushed up the sale price, initially hovering around 700 billion won, to 1 trillion w
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesses. The com