Arkema, a French specialty chemicals and advanced materials manufacturer, announced the acquisition of a 54% controlling stake in South Korean company PI Advanced Materials (PIAM) from Glenwood Private Equity. Valued at €728 million, this transaction positions Arkema as a major player in the global specialty materials sector, benefiting from PI Advanced Materials’ industry-leading position in […]
In observance of the 73rd anniversary of the Korean War, North Korea conducted mass rallies in Pyongyang, where participants pledged a “war of revenge” against the United States, according to state-run media. The demonstrations, involving roughly 120,000 workers and students, featured strong anti-US sentiments with placards threatening the US mainland. Amid growing concerns about North […]
Ireland-based healthcare technology company Medtronic has announced an agreement to acquire EOFlow, a South Korean medical device company, for a total consideration of KRW 971 billion ($738 million). This acquisition marks Medtronic’s move to expand its capabilities in addressing the needs of individuals with diabetes. South Korean medical device innovation in diabetes care Founded in […]
S-OIL, a majority-owned company of Saudi Aramco, has started construction on the Shaheen petrochemical project in Ulsan, South Korea, which involves an investment of $7 billion. The groundbreaking ceremony of the Shaheen petrochemical complex was held under the presence of South Korean President Yoon and Saudi Aramco President and CEO Amin Nasser. Amin H. Nasser […]
Olympus Corporation, a Japan-based medtech company, will acquire Taewoong Medical Co., a South Korea-based gastrointestinal stents manufacturer, for up to $370 million (approximately KRW 482 billion) in cash. Under the agreement, Olympus will pay $255.5 million at the closing of the transaction and will make milestone payment of up to $114.5 million. With the proposed […]
Oscotec has reported positive results from the phase 2 clinical trial of its SYK inhibitor cevidoplenib in patients with immune thrombocytopenia (ITP) who did not respond or relapsed after prior therapy. As per the South Korean-based clinical-stage pharma company, cevidoplenib has been studied in a randomized, placebo-controlled trial that featured 61 participants. The mid-stage clinical […]
Croda International will acquire Solus Biotech, a South Korea-based biomaterials company, from Solus Advanced Materials in a debt- and cash-free transaction valued at KRW350 billion (£232 million). With the proposed acquisition, Croda International anticipates to strengthen and expand the company’s Beauty Actives portfolio and Asian manufacturing capabilities as well as creating a new biotechnology research […]
SK Geo Centric, an arm of SK Innovation, and Plastic Energy, a specialist in plastic pyrolysis, have partnered to construct the Ulsan ARC plastic recycling complex in Ulsan, South Korea. Under the licensing agreement, the pyrolysis plant Ulsan Advanced Recycling Cluster (ARC) will deploy Plastic Energy’s advanced pyrolysis technology and will have an annual capacity […]
Merck, an American multinational science and technology company, has acquired M Chemicals, a chemical business of South Korea-based Mecaro, for up to €110 million. The transaction value constitutes an upfront cash payment of €75 million and payments of up to €35 million on achieving certain milestones. The acquisition forms part of the “Level Up” growth […]
Reborn Coffee, a specialty coffee retailer based in California, has inked a binding letter of intent (LOI) for acquiring a specialty coffee shop and a roasting research and development (R&D) facility located in Daejeon, South Korea. The acquisition is part of the Nasdaq-listed Reborn Coffee’s global expansion plan. According to Reborn Coffee, the coffee shop […]