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Corporate Restructuring Purges Capital Market

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  • Published Jul 15, 2009 11:23 am KST
  • Updated Jul 15, 2009 11:23 am KST

By Yoon Ja-young

Staff Reporter

Korea in general has been hostile to mergers and acquisition (M&A)s and corporate restructuring. Newspapers often reported in sensational tone how buyout companies, mostly foreign, snatched local businesses from their owners. Kang Sung-doo, president and CEO of Golden Bridge Investment & Securities, however, doesn't agree. The former labor activist says M&A and restructuring purges the capital market and contributes to society. Golden Bridge is rising as a very strong player in the M&A and corporate restructuring market here.