UCK Partners suggests Korean-style approach for buyout deals

Quick Summary:

An increasing number of South Korean companies are on the radar of private equity investors as they are undergoing digital transformation and generational shifts of top management, amid the descent of traditional enterprises and their weak governance, said Kim Soomin, founder and chief executive of UCK Partners, on Wednesday.

The rapid growth in homegrown private equity firms and their various strategies will leave domestic companies exposed to management buyout attempts by PE players armed with plenty of dry powder.

The domestic private equity market has expanded by a compound annual growth rate of 19% over the past 16 years to 136 trillion won ($100 billion) in 2023 in terms of committed capital, according to the Financial Supervisory Service.

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Category: Economy

Markets: South KoreaIndiaJapanTaiwan

Topics: Firms Private Korea Management Companies Business Domestic Capital Investment Equity South

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 18:08:53 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 29 lines

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Copyright Owner: © Korea Economic Daily

News ID: 23084969

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