Korean block blunder deals rocky start for coming surge

seoul han river px230
By Jonathan Breen
07 Jan 2016

A South Korean deal kicked open the Asian block market this week but complications in the execution have set a negative tone for the country’s equity capital markets, where numerous share sales are expected in 2016. Jonathan Breen reports.

Bankers predicted a flood of block trades from Korea this year as the country’s Fair Trade Commission pressures conglomerates to dilute cross-ownership in their subsidiaries.

It was this pressure that put Korea Aerospace Industries in the limelight this week as existing shareholders in the company raced to get ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial