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Swedish Giant EQT Launches KRW 2.2 Trillion Tender Offer for Douzone Bizon Privatization

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Swedish PEF EQT Moves to Take ERP Leader Douzone Bizon Private In a massive move that signals growing global private equity appetite for Korean tech, Sweden-based EQT Partners (affiliated with the Wallenberg family) has launched a tender offer to acquire all remaining public shares of Douzone Bizon (012510.KS) . This is the first step in a strategic plan to voluntarily delist the company from the KOSPI market and take it private. The Offer: EQT is offering 120,000 KRW per share, a 25% premium over the previous closing price. Scale: The total tender offer is valued at approximately 2.18 trillion KRW (approx. $1.61 billion USD). Goal: If successful, EQT's stake will rise to 92.52%, paving the way for a full squeeze-out and delisting. What Happened: A Mega-Deal in the Software Sector The tender offer is being executed through Doronicum , a special purpose vehicle (SPV) established by EQT Partners. The firm is seeking to purchase 18,158,974 shares, representing 57.69% of the total ...
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VERIVERY's Kangmin to Make Highly Anticipated Solo Debut This March

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New Beginnings for VERIVERY’s Youngest Star Exciting news has broken for fans of the K-pop group VERIVERY! The group's youngest member, Kangmin , is officially preparing to step into the spotlight as a solo artist. This move marks a significant shift in his career and a fresh chapter for his agency, Jellyfish Entertainment. Quick Summary Solo Launch Date: Kangmin is reported to release his debut solo album on March 23 . Personal Confirmation: While his agency has yet to release a formal press statement, Kangmin personally confirmed the news to fans via the communication app Bubble. Survival Show Momentum: This debut follows his successful run on the audition program "BOYS II PLANET," where he narrowly missed the final debut lineup. What Happened On February 16, Korean media outlet STAR NEWS reported that Kangmin is in the final stages of preparation for a solo album set for release on March 23. The news caught fans by surprise, and Kangmin himself reacted with a mix of...
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Major South Korean Banks Accelerate Branch Closures Despite Record Profits

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The brick-and-mortar banking era in South Korea is rapidly shrinking. According to recent industry data, the number of physical bank branches operated by the country's top lenders hit a new record low in 2025, continuing a downward trend driven by the aggressive shift toward digital finance. TL;DR Historical Lows: The number of branches operated by Korea's top five banks fell to 3,748 in 2025, a significant drop from over 4,400 just five years ago. Digital Shift: Banks cite a 30% decline in foot traffic and physical workloads as customers migrate to mobile-first "non-face-to-face" services. The Profit Paradox: The closures come despite record-breaking net profits of 13.99 trillion won ($9.67 billion), sparking criticism over the marginalization of elderly customers. What Happened Data released on Tuesday reveals that South Korea's five major commercial lenders— KB Kookmin Bank, NH NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank —operated a combined ,3748...
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