Jungju Kim had been looking to sell the 98.6% stake he and his wife hold in NXC.
The bidding has been postponed by one week, say sources.
Aramco has the option to buy an additional 2.9 per cent stake in Hyundai Oilbank.
The company said in a regulatory filing that its board had approved the stake sale plan, aimed at securing liquidity and improving its financial struc
Kakao Corp's unit proposed launching the car-sharing service last year, but was not able to start it amid fierce protests.
The transportation unit of Kakao Corp also said it has decided to halt trials of the car-sharing service.
Schwan's, owner of brands such as Red Baron, Freschetta, MaMa Rosa's and Tony's pizza, has an annual revenue of $3 billion.
The group had previously pledged $35.20 billion through 2021 after Chairman Shin Dong-bin apologized for a corruption probe involving his family.
The conglomerate is expanding into new segments as its core semiconductor and smartphone businesses show signs of weakness.
LG Chem said it would raise a total of 239.4 billion won ($224.8 million) by 2020.
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