A resurgent market
BY Kanishk Verghese, Stephen Aldred |
It’s been 10 years since South Korea’s first private equity funds were established, and business is booming. PE activity has risen sharply the past two years; the government has recently eased restrictions on the formation and investment activities of private equity funds and coupled with the return of global funds to Korea and the influx of international law firms into Seoul, the contest between domestic and global funds and law firms to secure big-ticket deals is expected to heat up. Kanishk Verghese reports with additional reporting by Stephen Aldred