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The fierce battle between Kakao and HYBE over the management rights of SM Entertainment ended Sunday with HYBE giving up on its quest for its acquisition of SM. The mutual decision was reached three days after the two competing companies had entered talks on Friday to solve the issue of who would take over SM's management rights.
Korea Development Bank (KDB) has officially kicked off procedures to sell the management rights of HMM, a global shipping and logistics company. As KDB Chairman Kang Seog-hoon pledged to expedite the sale of the shipping firm, HMM's privatization process is expected to be carried out in a speedy manner.
TOKYO -- Snack food maker Calbee plans to invest about 140 billion yen ($1 billion) over the next three years to pursue growth and improving efficienc
Activist fund Tcha Partners Asset Management has launched a Namyang Dairy shareholder campaign urging the dairy company to take active measures to protect minority shareholders' rights. According to Tcha Partners' proposals sent out the company boards earlier this week, the activist fund urged the firm to buy back 50 percent stakes of both common shares as well as preferred shares - worth 191 billion won ($144 million) in total - at the price of 820,000 won per share.
Investments into aerospace and defence reached new levels in 2022, according to Pitchbook data