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Mergers and acquisitions practice of regorganizing corporations in Korea and its ongoing change

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  • Mergers and acquisitions practice of regorganizing corporations in Korea and its ongoing change
  • Hong, Sung Jun
  • Seoul National University(BK 21 Law)


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Title Mergers and acquisitions practice of regorganizing corporations in Korea and its ongoing change
Similar Titles
Material Type Articles
Author(English)

Hong, Sung Jun

Publisher

[Seoul]:Seoul National University(BK 21 Law)

Date 2008
Journal Title; Vol./Issue Journal of Korean Law:vol. 8(no. 2)
Pages 67
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < Laws and Legislation
Holding Seoul National University

Abstract

One of the most outstanding legal phenomena in Korean reorganization practice has been the pursuit of Mergers and Acquisition. In fact, in Korea, reorganization practice just begun one decade ago right after a number of conglomerates fell into bankrupt, when Korea faced nationwide economic disaster provoked by the lack of foreign key currency, and a number of conglomerates fallen into bankrupt rushed into court. M&A transaction in reorganization procedure emerged right after the rush of reorganization filings. Meanwhile, it has played significant role in rehabilitation of reorganizing company. Until now, almost every reorganizing company has succeeded in rehabilitating by being injected capital via M&A. Analysis of efficiency of M&A transaction of reorganizing company carried out last several years shows that the earlier debtor company initiates M&A, the more creditors are paid. (The rest omitted)