S.Korean mold makers target global leadership with record exports
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SK TELECOM SK Telecom's Chief Executive Park Jung-ho said on Tuesday that it was natural for the country's top mobile carrier to participate in the bidding for eBay Korea, without elaborating further. A combination of SK's online shopping mall 11Street, with a transaction value of 10 trillion won, and eBay Korea, with 17 trillion won in annual transactions, would create the country's biggest e-commerce player. With the energy-to-telecom SK Group scaling back on its refining and petrochemical businesses, the acquisition of eBay Korea would balance the group's telecom-heavy business portfolio. ...
South Korea's Kurly Inc., better known by its brand name Market Kurly, has recently terminated its contract with IPO manager Samsung Securities Co., according to investment banking sources on Mar. 15 – just after its founder and Chief Executive Sophie Kim revealed plans to go public within the year. In 2018 the online grocery food delivery startup picked Samsung Securities to prepare a domestic stock market listing. But its initial public offering was delayed as the startup failed to meet IPO requirements. The contract cancellation with the Korean brokerage firm might have brought Market Ku...