Stay updated with breaking news from Pef. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Private equity firms (PEFs) opted to invest huge sums of money into low-cost carrier (LCC) businesses amid the worst hardships stemming from the pandemic. Now that international travel numbers are again soaring, the PEFs are eyeing a successful exit from their LCC stakes in the coming years.
Korea should diversify its export destinations for more sustainable economic growth, Trade Minister Ahn Duk-geun said Monday, adding that the country is heavily dependent on exports at a time when large economic regions such as the United States, China and Europe are using on-shoring strategies to add value their own economies.
The year 2023 marks the 70th anniversary of the U.S.-Korea Alliance, which has been a linchpin to defend the freedom, security, stability and prosperity in the region. The U.S. and Korea have shared a long history of cooperation based on mutual trust, shared values of democracy, common strategic interests and an enduring friendship. We have come a long way, not just in terms of the economic partnership but also in the steadfast military alliance and people-to-people exchange.
Fourteen nations, including Australia, Japan and the United States, expressed support for Canada's bid to join the Indo-Pacific Economic Framework as they concluded on Dec. 15 the first round of in-person negotiations under the U.S.-led initiative for setting trade rules and standards in response to China's growing clout in the region, delegates said.
Due to the soaring global interest rates and concerns over a recession, private equity firms (PEFs) are finding it hard to make successful exits from some of the projects they previously invested in within their portfolios. That's because unfavorable external factors, including curtailed asset prices, slashed corporate valuations, the bearish moves of stock markets and slowed M&A transactions due to the increased costs of financing, are all wreaking havoc on the PEFs in their search for potential buyers to make successful exits from some of their long-held companies.