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• S. Korea's M&A activity brisk this year despite virus

  ...ing firm of Hyundai Heavy Industries Group, bought Daewoo Shipbuilding & Marine Engineering Co. (DSME) for some 2.1 trillion won. South Korea's top mobile gaming company Netmarble Corp. acquired Woongjin Coway Co., the country's largest home appliance rental service provider, for 1.7 trillion won. "Large companies appear to have focused on securing growth engines through business shakeups in spite of t...

• Korean game companies diversify to move past former glories

  ...arble -- a Korean firm that focuses on mobile game development and distribution -- is going the opposite way by focusing on hardware, as witnessed by its acquisition of water purifier rental firm Woongjin Coway in December. “Netmarble currently doesn’t have a specific plan for Coway,” a company official said. The acquisition portrays Netmarble Chairman Bang Jun-hyuk’s vision to reach 5 trillion won in ...

• [M&As Weekly] Infection slowdown pushes deal closures, new bids

  ...roundup of major M&A deals here and their progress in the previous week. Centroid to take over Woongjin book unit Woongjin unveiled on Thursday a plan to sell a majority stake in its book distributo...normalize its debt risks following its troubled acquisition of water purifier rental service firm Coway in 2019. The deal forced Woongjin to resell Coway promptly and offload shares in other subsidiar...

• SPC Samlip appoints Hwang Jong-hyeon as new CEO

  ... SPC Samplip to grow and develop as a prominent food company,” Hwang said. For SPC GFS, which takes charge of distribution for the SPC Group, Ahn was chosen to lead the company. He worked in consulting firm Samjong KPMG and then led Woongjin Coway (now rebranded as Coway), building his career in business management and strategic planning, the company said. By Jo He-rim ( herim@heraldcorp.com )

• Coway rebrands under Netmarble

  Woongjin Coway is now simply Coway after Netmarble’s acquisition of the company. Coway convened an interim shareholders meeting on Friday at its head office in Gongju, South Chungcheong Province, where it voted on loosing Woongjin from its company name. Netmarble Chairman Bang Jun-hyuk was made a director, as well as Netmarble-Coway task force team leader Seo Jang-won and Coway CEO Lee Hae-sun....

• Woongjin Coway seeks lead in air purifier market with filter variables

  Following rising demand for air purifiers, household appliance company Woongjin Coway is seeking to continue its lead in the market with its special filters, the company said Tuesday. According to r... sales, Coway said it has differentiated its products equipped with special filters. In December, Coway rolled out Coway Interior Air Purifier (AP-1019D), which offers the “air-matching filter service...

• M&As to keep Korean industries going in 2020

  ...20. Korean conglomerates have been the biggest buyers in 2019. Their huge deals sought to reshape the industry at home and abroad. But some cases often left them saddled with financial burdens. Woongjin Group regained control of water purifier rental company Coway in March, as a consortium comprising its educational arm Woongjin Thinkbig and private equity STIC Investment bought 22.17 percent stake for 1.7 trillion won from MBK Partners, until it put its vo...

• Netmarble chases risky smart home sector with Woongjin Coway purchase

  Netmarble’s acquisition of water purifier rental firm Woongjin Coway on Monday is facing skepticism from investors who feel it should focus on its core competencies to prove further growth potential. The South Korean game company revealed its intention to branch out to a whole new business field in October, when it was named the preferred bidder for a 25.08 controlling stake in Coway. Netmarble...

• [Advertising Awards] Woongjin Coway prioritizes clean, healthy lifestyle

  MARKETING AWARDS/ GOLD PRIZE WOONGJIN COWAY By Kim Hyoung-kwon Marketing division director and executive director We appreciate being selected for The Korea Herald’s Advertising Awards this year. Woongjin Coway is a life care company that aims to create a healthy and convenient lifestyle. We are doing our best to make our customers enjoy a safe living environment including water, air and sle...

• [News Focus] Coway acquisition will fortify business stability: Netmarble

  ...cquires a home appliance rental business? Netmarble, a Korean firm that focuses on mobile game development and distribution, was on Monday named the preferred bidder for a 25.08 percent stake in Woongjin Coway, a firm that operates subscription services for water and air purifiers, mattresses and other miscellaneous household appliances. Netmarble, through an investors’ conference call the same day, ex...