What are the trends you are seeing in Korean MA
We are now seeing more deals being done to international standards. Professional advisors are being given greater autonomy to do deals. The principals are increasingly letting their advisors get on with it without detail-managing. That is producing very nice results. A good example of this was the sale of Hyundai Petrochemical.
In the case of Hyundai Petrochemical it was very important that Woori, one of the creditor banks, drove the disposal process. Is this likely to be a continuing trend
We would hope so. It certainly proved an effective model. With this deal there is now an example...