Daemyung Chemical Group completed the acquisition of Logen from Baring Private Equity Asia for $300m.

Daemyung Chemical Group, a fashion and logistics company, completed the acquisition of Logen, a domestic parcel delivery company, from Baring Private Equity Asia, a private equity firm, for $300m. "Logen has benefited from BPEA’s support and guidance throughout its ownership, which was critical in growing the business. As one of the fastest-growing parcel delivery companies in Korea today, we are excited for the future potential of the business following the acquisition,” Jungho Choi, Logen CEO.