Hanwha scion draws attention amid envisioned sale of Daewoo E&C
Posted : 2021-05-05 15:59
By Park Jae-hyuk, Kim Hyun-bin
Hanwha Group Chairman Kim Seung-youn s youngest son, Kim Dong-seon, who is in charge of global strategies at affiliate Hanwha Energy, has come under the spotlight recently for his close relationship with potential buyers of Daewoo Engineering & Construction (Daewoo E&C).
Hanwha headquarters in SeoulAfter the builder s owner, KDB Investment, made an apparent attempt to encourage the sale, promoting Daewoo E&C Chief Financial Officer (CFO) Chung Hang-ki to the position of president last month, tasking him with the deal, local real estate developer, DS Networks, and domestic private equity firm (PEF), SkyLake Equity Partners, were said to have formed a consortium with foreign infrastructure investor, IPM, to take part in the bid.