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“Consolidation is good for the industry, but not for the company which buys the stake,” said analyst Um Kyung-a at Shinyoung Securities, citing overlapping businesses between Hyundai and Daewoo. The shipbuilding industry accounts for 7 percent of both exports and employment in Asia’s fourth-biggest economy. Hyundai Heavy’s workers’ union said it will delay a vote on last year’s wage deal in protest of a purchase it says could threaten job security. It said it would be “angered” if the shipbuilder plowed money into buying another big firm having released workers after reporting losses and shrinking orders.

SEOUL (Reuters) - Korea Development Bank, the biggest shareholder of Daewoo Shipbuilding and Marine Engineering Co Ltd, on Thursday said it has signed a conditional deal with Hyundai Heavy Industries Group to sell Daewoo shares, The state-funded bank said in a statement it signed a memorandum of understanding with Hyundai that solid rose gold cufflinks includes liquidity support of 2.5 trillion won ($2.25 billion) for Daewoo, KDB also said it would approach local shipbuilding peer Samsung Heavy Industries Co Ltd to gauge any interest in taking over Daewoo..

SEOUL (Reuters) - South Korean gaming firm Netmarble said it will form a consortium to bid for a controlling stake in Nexon’s holding company, the latest to show interest in a deal that could be worth about $9 billion after Kakao. Both Netmarble Corp and Kakao Corp are backed by Tencent Holdings Ltd and, according to sources, the Chinese tech giant too is considering a bid. Kim Jung-ju, founder of Nexon, the country’s biggest gaming company, plans to sell a 98.64 percent stake in NXC Corp, held by himself and related parties including his wife, the Korea Economic Daily newspaper has reported.

Selling the stake to overseas companies would weaken the competitiveness of the industry in solid rose gold cufflinks the country, said Netmarble, which controls over a quarter of South Korea’s mobile gaming market, Tencent has a 17.66 percent stake in Netmarble, “We believe the tangible and intangible values of Nexon are important assets to Korea,” Netmarble said in a statement, adding its consortium will mainly include domestic firms, Netmarble also said it had been considering buying Nexon for two months and decided to participate in the bid a month ago..

Nexon shares ended up 0.7 percent on Thursday, after earlier rising more than 3 percent after Netmarble’s announcement, in a flat wider market. South Korea’s top chat app operator Kakao, in which Tencent holds a 6.7 percent stake, said last week it was reviewing a bid for Nexon’s holding firm. Spokespersons at Kakao and Netmarble declined to comment on whether the pair would join forces for a bid. A 98.64 percent stake in NXC would be worth between 8 trillion and 10 trillion won ($7.1 billion and $8.9 billion), according to South Korean local media reports.

Founded in 1994, Nexon has developed more than 80 live games in over 190 countries, including IP-franchise hits such as MapleStory, Dungeon & Fighter, Sudden solid rose gold cufflinks Attack and KartRider, Tencent owns the exclusive license to operate Dungeon & Fighter in China, The world’s largest gaming company by revenue was hit hard by a freeze on approvals for new titles in China last year, which wiped billions of dollars off its market value, China has resumed handing out approvals since December and some Tencent titles have since been green lit, although the firm is still waiting for a ruling on its blockbuster PlayerUnknown’s Battlegrounds..

HELSINKI (Reuters) - Nokia warned of a soft start to 2019 before a better second half for its fifth-generation (5G) mobile network technology, sending its shares sharply lower on Thursday. The outlook eclipsed fourth-quarter results that beat profit and sales expectations. “We expect 2019 to have a soft first half followed by a much more robust second half,” CEO Rajeev Suri said in a statement. The Finnish firm said it expected 5G mobile networks to fuel gains over the next two years.

Nokia shares were down 5.6 percent at 0825 GMT, on track for their worst day since Oct 2017, “There was a bit more uncertainty in the outlook than I was expecting but the big picture is still the same, The market is recovering well with 5G and they’re heading toward their 2020 targets,” said analyst Mikael Rautanen at research firm Inderes, which holds an accumulate recommendation on solid rose gold cufflinks Nokia, “Overall it was a quite good Q4 as expected.”, The networks industry has faced slowing demand since 4G network sales peaked in the middle of the decade but a new cycle of network upgrades appear to be kicking in as demand for 5G services increases..