Park Jung-ho, CEO of SK Telecom, showed strong confidence in the outcome of the company's bidding for acquisition of Toshiba's semiconductor unit.
In his press talk held in San Jose, California, on May 11, Park said, "Some say that SK Hynix is lagging behind in the race to acquire Toshiba's memory chip business. However, I don't think so. We could bring some surprise news."
He added, "I visited Japan before coming here to the United States where I checked the local atmosphere. I felt the sense of consensus spreading among Toshiba employees that it would be better for Toshiba's semiconductor unit to be acquired by a company engaged in the same memory business."
The strongest candidates for the acquisition of Toshiba's semiconductor unit can be shortlisted into five, i.e., SK Hynix, Hon Hai Group, Western Digital, the Broadcom consortium, and Kohlberg Kravis Roberts.
Among them, only two, SK Hynix and Western Digital, are currently engaged in the memory chip manufacturing business. However, when asked about if there is any tangible progress, Park said, "I can't go into further details at the current moment."
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip