Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Instagram Outage Disrupts Thousands of U.S. Users 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Hahn & Company finally completed the merger and acquisition deal to buy SK Group’s industrial film business under its SKC affiliate. The South Korean private equity firm is investing $1.2 billion in the deal.
According to The Korea Herald, this is the largest M&A to close in the country this year, and it was completed amid global economic turmoil. Hahn & Co. said it sees SKC’s industrial film division as having big potential because its products are widely used in semiconductor, mobile, and display productions as technologies advance.
The PEF firm also noted that in 2021, SKC’s industrial film unit alone raked in KRW1.2 trillion in profits and became the largest player in South Korea, and placed fourth on the international stage. In any case, it was in June this year when Hahn & Co. inked an agreement with SK Group for the purchase of a 100% stake in the said business unit of SKC company.
The deal with SK Group is Hahn & Company’s fourth acquisition in the country since the COVID-19 pandemic started two years ago. While there is the possibility of recession due to rising inflation and overall economic instability, the company said it will still continue to seek new growth drivers and boasts it was able to retain its No. 1 position in the market. The PEF firm has already spent some $27 billion on its acquisitions since its establishment.
“This transaction represents an important milestone in what has been highly volatile M&A markets globally and within Korea,” Hahn Sang Won, Hahn & Co.’s chief executive officer, said in a statement. “We are excited to further expand SKC’s industrial film business globally and catapult the business to the next level of technological excellence and competitiveness.”
Meanwhile, The Korea Times reported that based on the company’s broad investment portfolio in the local manufacturing businesses, it is expected to make attempts to raise its acquired SKC industrial film business’ corporate values and competitiveness. From here, Hahn & Co. will keep building up its successful track record of buying and transforming local businesses in the country.
