Woongjin Coway

MBK Partners pays $1.1 billion for Woongjin Coway stake

After its disappointment at failing to snap up Hi-Mart last month, private equity firm MBK Partners buys a 30.9% holding in Woongjin Coway, Korea's leading water purifier maker.
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Woongjin Coway's water purification R&D centre at Seoul National University
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<div style="text-align: left;"> Woongjin Coway's water purification R&D centre at Seoul National University </div>

There are further signs that Korea is experiencing significant changes in its corporate landscape, as assets are shuffled between leading conglomerates and private equity firms. Often, the febrile activity matches the debt-burdened with the cash-rich.

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