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Korean regulators respond to revival in private equity

Date: 08 Feb 2010

The return of private equity activity in South Korea has prompted regulators to urge investment in the asset class. They introduced tax benefits and are seeking to relax rules over the creation of funds, says Mergermarket.

Keywords (click to search): [South Korea] [private equity] [KKR] [Oriental Brewery] [MBK Partners] [Affinity Equity Partners] [Lone Star] [Myer]

South Korea appears to have bounced back onto the buy-out scene after it saw private equity M&A activity drop precipitously in 2008.

In total 31 transactions, worth US$6.1 billion overall, came to the market last year. Yet it would seem that the heavy hand of regulation never takes too long to catch up.

This follows recent announcements that authorities are seeking to encourage the asset class to investors in Korea, making any private equity profits tax-deductible.

There were a number of high-profile transactions last year, such as the US$1.8 billion acquisition...

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