Market Chatter: Goldman Sachs Reportedly Looking to Acquire Controlling Stake in South Korea's Tmap Mobility

05:26 AM EDT, 10/30/2026 (MT Newswires) -- Goldman Sachs Group (GS) is in negotiations to purchase a controlling stake in South Korea's Tmap Mobility from SK Square, the largest shareholder with a 63.23% stake, news outlets reported as early as Thursday, citing industry sources. According to reports, the bank plans to invest 600 billion South Korean won ($449.7 million) to 800 billion won for a 60% to 70% stake in Tmap Mobility. Apart from SK Square, Goldman Sachs is also in acquisition talks with smaller Tmap Mobility shareholders, one of the sources said. The Korea Times said Goldman Sachs is looking to acquire the stake from SK Square by the end of the year, which currently owns 63.23% of Tmap Mobility. Goldman Sachs Group and Tmap Mobility did not immediately respond to MT Newswires' requests for comments. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)