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Heirless private SMEs flooding S.Korea's M&A market


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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GoldenTree sees distressed opportunities in media, telecom, retail


GoldenTree sees distressed opportunities in media, telecom, retail
Ji-Hye Min
May 10, 2021 (Gmt+09:00)
Steven Tananbaum, founding partner and CIO of GoldenTree Asset Management LP
Media, telecom, retail and energy industries offer attractive distressed investment opportunities because they are undergoing structural changes caused by technology development and changes in consumer preferences and policy, according to the chief investment officer of GoldenTree Asset Management LP.
The trend toward consolidation will eventually improve the supply and demand conditions at the companies in the sectors that also stand to benefit from the broader cyclical recovery, Steven Tananbaum, founding partner and CIO of GoldenTree Asset, told The Korea Economic Daily in an interview. ....

South Korea , Steven Tananbaum , Goldentree Asset Management , Goldentree Asset , Korea Economic Daily , New York Based , Ji Hye Min , தெற்கு கொரியா , கொரியா பொருளாதார தினசரி , புதியது யார்க் அடிப்படையிலானது , ஜி யே நிமிடம் ,