Daewoo deal boosts busy South Korean M&A market

Newswire

By Brian Kelleher and Kim So-young HONG KONG/SEOUL, June 23 (Reuters) - Kumho Asiana's $6.9 billion bid for Daewoo Engineering & Construction Co. has made South Korea one of Asia's busiest markets for mergers and acquisitions, and more mega auctions are on the way. The deal is the latest in a series of auctions for restructured South Korean companies, including upcoming sales of LG Card Co. and Hyundai Engineering & Construction Co. , which could fetch a combined $10 billion. ...

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