Hyundai Motor Group is striking back at U.S.-based activist fund Elliott Management Corp. which has been pressuring the Korean automotive group to change its governance structure and shareholder return policy.Market watchers say Hyundai Motor has a greater chance of winning a proxy contest with Elli
In the Korean capital market, private equity funds (PEFs) are no longer “meoktwi,” or eat-and-run capital, or corporate raiders. They have become a major player in the Korean capital market and are changing the nation's industrial landscape.The domestic PEF market has steadily grown since the Ko
MBK Partners, one of the largest PEFs in Korea, was selected as the preferred bidder for Homeplus, beating global leading PEFs such as KKR and Carlyle. Homeplus is the second-largest SSM, and MBK Partners is looking to take it over at an investment of close to 8 trillion won (US$6.7 billion) so that
The National Pension Service (NPS) pushed back its decision on the merger between Samsung C&T and Cheil Industries. In addition, it still remains up in the air whether the matter will be dealt with by its internal investment committee or the voting rights advisory committee of outside experts.The or
Three major private equity funds (PEFs) in Korea - Vogo Fund, MBK Partners and TStone Partners - have entered a bidding battle for Woori Finance Holdings after forming consortiums with strategic investors. Meanwhile, local financial holding companies such as KB, Shinhan and Hana Financial Group have