Practice Areas Introduction
Since private equity fund (PEF) was introduced in Korea in December 2004 with the Indirect Investment Asset Management Business Act taking effect, PEF, which is governed by the Financial Investment Services and Capital Markets Act and the Industrial Development Act, has been the most widely used means of M&A and corporate restructuring because of the convenience and flexibility it provides in fundraising, investment, management, and revenue allocation. Additionally, the PEF for corporate restructuring, which was introduced in March, 2010 ,has broadened the range of PEF utilization by allowing investment in NPL or fixed assets in the form of PEF.