A source disclosed to Reuters that a sale of Techpack Solutions Co Ltd could fetch over KRW432 billion or USD407 million.
Korea, South
Samsung launches new large phone coined "Fonblet"
Samsung Electronics Co said it would be increasing its display resolutions via its large-display phones called "fonblets" starting next year.
Samsung plans more international acquisitions
Samsung Electronics Co announced its plans in making more strategic acquisitions offshore. Samsung Electronics Co said it intended to make more international acquisitions after it had invested USD 1 billion in 14 companies since 2010.
Samsung Galaxy S4 Zoom to be available with AT&T
AT&T would be carrying the Samsung Galaxy S4 Zoom starting on November 8. Beginning on November 8, the Samsung Galaxy S4 Zoom would be available on AT&T.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
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Samsung would be seeking to compete with Google Inc by developing its own version of Google Glass, according to a Korean patent filing.
The creation of the USD30 million seed-stage fund was to support entrepreneurs outside South Korea in their startups.
Woori Finance Holdings closed its preliminary bidding to privatize the largest financial company in South Korea.
Hyundai Rotem Co had priced its shares at a maximum amount of KRW 23,000 apiece after its IPO was oversubscribed.
The takeover of the Hysco businss ensures steady supply of steel for Hyundai Motor Corp. Parent company Hyundai Steel Co had laid out plans to take over the core business of its subsidiary Hyundai Hysco Co.
South Korean communication app maker Line would stand to be valued at USD8 billion should it go public, according to information technology news site The Next Web.
Goldman Sachs, as well as a number of hedge funds or investment firms, is subject of a review by Korean regulators for compliance with local laws.
GS Caltex of South Korea had cancelled a Brazilian refiner plan over profitability uncertainties, said a Reuters report.
South Korean company Hankook Tire would be investing USD 800 million to build its first tire plant in the US.
