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.
Seoul
Soult-ukpyolsi
South-korea
Incheon
Inch-on-gwangyoksi
Gyeonggi
Kyonggi-do
South-korean
Korea
Sms-savings-bank
Sk-securities-co
GIC set to buy stake in Starbucks Korea for $700 mn
The sovereign wealth fund may consider Starbucks Korea s IPO as an exit option By
Singapore s sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse chain s parent company for 800 billion won ($700 million), according to investment banking sources.
As part of the upcoming deal, Seattle-based Starbucks Corp. is selling its remaining 20% stake in the South Korean joint venture to E-Mart Inc. which will eventually end up with a 70% stake in Starbucks Korea. E-Mart is Shinsegae Group s supermarket chain.
South-korea
Singapore
South-korean
Korea
Starbucks
Shinsgae-group
Starbucks-corp
Sk-group
Shinsegae-group
E-mart-inc
Starbucks-korea