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Samsung Electronics Invests in Samsung Biologics Rights Offering

Samsung Electronics will participate in a paid-in capital increase by Samsung Biologics, investing 666.2 billion won (about $500 million).Samsung Electronics disclosed on Oct.

  • Samsung Electronics invests 666.2 billion won in Samsung Biologics rights offering.
  • Company acquires 567,503 common shares, signaling significant shareholder role.
  • Deadline for payment is November 17, with Samsung C&T as largest shareholder.

Goldman Sachs Seeks Buyout of Korea’s No. 1 Navigation Service Company

Global investment bank Goldman Sachs is moving to acquire management control in TMAP Mobility, the operator of South Korea’s No. 1 navigation service TMAP, in a buyout.

  • Goldman Sachs aims to acquire management control of TMAP Mobility.
  • Deal includes SK Square's 63.23% stake and other investors' shares.
  • Valuation expected between 700 billion won and 800 billion won.

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