KKR’s Korea car parts deal is bet on electric future

The private equity firm’s investment in two units of Korean chaebol LS Group shows it sees profit in a greener auto industry.

KKR’s Korea car parts deal is bet on electric future

KKR is investing in Korean car part makers as it believes it sees a road through the technology changes roiling the auto industry.

The New York-headquartered private equity firm said on Thursday that it is buying into two businesses owned by Korean chaebol, LS Group. They make electrical auto parts and electric vehicle battery copper foils.

In KKR’s view the automotive industry faces a bumpy ride as more and more...

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