Laforet restarts SK Stoa acquisition after restructuring deal with SK Telecom

  • Laforet restarted its SK Stoa acquisition after signing a new agreement with SK Telecom.
  • Counterpoint Research forecasts Apple could ship up to 6 million iPhone Duo units this year.
  • Namdong District began developing a joint cosmetics brand for companies in its industrial complex.

Laforet has resumed its acquisition of SK Stoa after signing a new share purchase agreement with SK Telecom following the voluntary withdrawal of its earlier approval application in July. The company has applied to the Broadcasting, Media and Communications Commission to change SK Stoa’s largest shareholder and plans to fund the deal entirely with equity, without acquisition financing or external borrowing. If approved, Laforet will take management control while SK Telecom retains a stake. Separately, Incheon’s Namdong District is developing a joint brand for cosmetics ingredient and manufacturing companies in the Namdong Industrial Complex to address weak links between businesses, limited name recognition, rising raw-material costs and a shortage of skilled technical workers. Yongsan I’Park Mall is also using narrowly targeted hobby pop-ups to drive retail traffic, while Apple’s first foldable smartphone, the iPhone Duo, is expanding demand for foldable displays, ultra-thin components and high-density substrates. Japanese suppliers are investing in related capacity, and South Korean companies are supplying key components. Counterpoint Research forecasts Apple could ship up to 6 million iPhone Duo units this year, giving it about 25% of the global foldable market.

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