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.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip