CJ Hello Co., the largest cable TV company in South Korea, has started due diligence on D’Live Co. to acquire the industry's third largest player. Market watchers believe that CJ Hello is determined to restructure the paid broadcasting industry so that it is led by cable television companies ins
Byun Dong-sik, CEO of the nation’s No. 1 cable TV network operator CJ HelloVision, held the first press conference at the headquarters in Sangam-dong, Seoul, on October 25 after he was appointed as co-CEO. At the conference, he said, “We are now preparing to launch a broadcasting platform that can s
The South Korean private equity fund (PEF) market, which had started at 310 billion won (US$269.5 million) 12 years ago, continued to grow to reach 60.3 trillion won (US$52.4 billion) in the first half of this year.According to the Financial Supervisory Service (FSS), however, only 41.2 trillion won
KCI, the parent company of D’Live, is on the brink of a default one month ahead of the maturity of its loans. D’Live is the largest multi system operator in the metropolitan area of South Korea.In a case where the creditors do not agree to an extension of the maturity of the 2.2 trillion won acquisi
It has been found that the Financial Supervisory Service (FSS) has launched a total inspection of bank loans provided for private equity funds (PEFs) for the first time in two years before starting a similar investigation on securities companies’ loans to PEFs next month.This is because the amount o