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kcgi

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Activist fund in Korea explains its Osstem surrender

Companies targeted by the funds include Osstem Implant, Korea's largest dental implant company. Behind the fierce battle is Kang Sung-boo, CEO of KCGI, the first domestic activist fund to challenge a chaebol.

2023.2.20

KCGI CEO Kang Sung-boo speaks at a press conference in Yeouido, western Seoul, in 2020. [YONHAP]

KCGI is acquiring Meritz Asset Management

The Korea Corporate Governance Improvement (KCGI) fund is acquiring Meritz Asset Management.

2023.1.10

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Edison's bid for SsangYong gets KCGI support

A domestic private equity fund has joined a bid to acquire cash-strapped SsangYong Motor.

2021.8.9

KCGI gang disbands after failing to change Hanjin KAL

A consortium that includes Hanjin KAL's largest shareholders and controls more that 40 percent of the company has called it a day, the group no longer coordinating to effect a boardroom coup.

2021.4.2

Korean Air Lines President Woo Kee-hong speaks during an online press event held on Wednesday to explain plans on Korean Air Lines’ acquisition of Asiana Airlines. [KOREAN AIR LINES]

No layoffs or monopoly concerns, Korean Air promises

A mega carrier with 28,000 employees will emerge intact and under one name from the Korean Air Lines purchase of Asiana Airlines, the CEO of the acquirer promised.

2020.12.2

Korean Air Lines and Asiana Airlines aircraft parked at Incheon International Airport on Tuesday. [YONHAP]

Asiana takeover clear for takeoff as court rejects KCGI

A court has rejected a request that would have stopped the Korean Air Lines takeover of Asiana Airlines dead in its tracks.

2020.12.1

Asiana Airline aircraft at the Incheon International Airport on Wednesday. [NEWS1]

Hanjin KAL slams largest shareholder, accusing it of peddling lies

Hanjin KAL has blasted its largest shareholder for objecting to the acquisition of Asiana Airlines by Korean Air Lines, which is 29.27 percent owned by Hanjin KAL.

2020.11.25

Korea Development Bank Chairman Lee Dong-gull speaks at an online press event on the Korean Air Lines takeover of Asiana Airlines on Nov. 19. [YONHAP]

KDB warns those who question its Korean Air investment

Korea Development Bank (KDB) insists that it is not investing in Hanjin KAL to support the interests of Chairman Cho Won-tae, and added that it will take action against those who suggest otherwise.

2020.11.23

Hanjin KAL Chairman Cho Won-tae answers reporters' questions after a Korea-U.S. business leader meeting held in Yeouido, western Seoul, last week. [NEWS1]

Korean Air-Asiana deal is already getting FTC scrutiny

Korea’s grand plan for a mega flag carrier is hitting more roadblocks, with regulators frontloading scrutiny and already saying that the proposed entity might run afoul of competition law.

2020.11.22