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KCC, a Korean chemical and auto parts manufacturer, is under mounting financial pressure after paying back investments the company received from a private equity fund for its ill-timed acquisition of U.S.-based silicone firm Momentive Performance Materials, according to industry officials, Thursday. ....
President Yoon Suk Yeol and first lady Kim Keon Hee’s Lunar New Year gifts triggered controversy, as they were presented to Buddhist leaders in packaging featuring illustrations of a church, cross and rosary drawn by Hansen’s disease patients. An association of Hansen’s disease patients also expressed displeasure, saying the patients were hurt by the controversy which they said caused by prejudice. ....
KCC Corp. is a holding company of KCC Group, a conglomerate engaged in construction materials, flooring materials, silicone, glasses and construction businesses. In 2019, the company formed a consortium with a private equity firm and other partners and acquired Momentive for $3.1 billion. ....
IPO of Momentive remains uncertain - The Korea Times koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.