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By Kim Jae-heun The Korea Exchange (KRX), the country s top bourse operator, has decided to request Market Kurly s major shareholders to exercise joint ownership of the company s shares while limiting them from selling stocks following the online grocery service s initial public offering (IPO). The KRX wants to make it clear that the online retailer s initial public offering (IPO) here is possible as long as Kurly s CEO can maintain management control. Market Kurly CEO Kim Seul-ah, or Sophie Kim, only holds 7 percent of the company s shares and the bourse operator isn t ruling out the possibility that foreigner shareholders who have invested in Kurly with the hope of its successful IPO may sell off their holdings right after the listing. Local and overseas private equity funds (PEFs) are even said to be bracing for the possibility of a hostile takeover of Market Kurly.

United statesSouth koreaHong kongKim jae heunSophie kimKorea exchangeMarket kurlyKorea securities depositoryCapital chinaHillhouse capitalEuler capitalஒன்றுபட்டது மாநிலங்களில்தெற்கு கொரியாஹாங் காங்கிம் ஜே ஹெங்சோஃபி கிம்