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Heirless, baby boomer SME owners in search of buyers
As baby boomer owners are retiring, their offspring opt to inherit cash instead of family business
By
An　automotive　parts　plating　plant　in　Incheon,　South　Korea
The son of a South Korean manufacturing company s owner, with a Ph.D degree in engineering, has refused to take over his father s business and instead chose to work for an IT company. The daughter of another small Korean manufacturer s founding family is demanding cash instead of shares in her father’s company because she wants to continue her career as a professional doctor.
The two companies are among the small to medium-sized enterprises (SMEs) whose founding families have recently asked a top accounting firm to find buyers. ....

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