Chey departed through the Seoul Gimpo Business Airport Center by using his private jet in the afternoon of April 24. He will stay in Japan for two nights until April 26. During his stay, he is scheduled to meet a handful of Japan's government officials and Toshiba top management and brief about SK Group's semiconductor business strategy and its strong will to acquire Toshiba's semiconductor unit.
Chey, in particular, is expected to discuss with the Japanese government about his semiconductor arm's possible participation in a Japanese consortium which would include an American private equity firm.
At present, SK Hynix is a No. 2 player in the global NAND flash memory market. If it succeeds in acquiring Toshiba's memory chip business, it could take the initiative in the global market.
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip