The funds raised from a mix of government funds and private investors will help SK Telecom's online shopping site 11st better compete with bigger players Coupang and GMarket.
In one of the biggest private equity exits out of Korea, Carlyle is selling the security solutions provider to SK Telecom and Macquarie for a relatively weak return on investment.
The Korean steelmaker trims its holdings in SK Telecom, KB Financial and Hana Financial as it seeks to raise funds without tapping the debt or equity markets.
Companies have announced a spate of M&A deals this month, leading Dealogic to estimate that up to $1.2 billion in M&A fees could have been banked this year, with the lion's share in Goldman's account.
Weeks after China Unicom announces a share swap with SpainÆs Telefonica, ChinaÆs second largest telecommunications operator cuts its ties with SK Telecom.