Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Korean Government Launches a Tender Offer to Sell a 29.3% Stake in NXC Corp for US$3.6 Billion

Tencent To Acquire Nexon? Time and Price Lining Up for a Final Deal?

Nexon M&A Deal Is Officially Over....for Now

Korea M&A Spotlight: Nexon's Founder Plans to Sell; Will Tencent Buy Nexon?

Samsung Electronics. A Bearish Investment Thesis.

Event-Driven

<div class="content-highlight">
<p>There have been some recent events that suggest that Kim Jung-Ju, the controlling owner of <a href="https://www.smartkarma.com/entities/nexon-co-ltd" target="_blank" data-smartkarma-citation="entities:16032:1" rel="noopener">Nexon (3659 JP)</a>, may be getting ready to sell the company once again. For now, Nexon has denied that it is up for sale. </p>
<p>Last week, it was announced that the founder <a href="https://koreajoongangdaily.joins.com/2021/07/29/business/industry/Nexon-NXC-Kim-Jungju/20210729173400349.html" target="_blank" rel="noopener">Kim Jung-Ju</a> is stepping down as the CEO of NXC Corp, which owns a 47.3% stake of Nexon. NXC Corp is essentially a holding company of Nexon Corp and other Nexon Group companies. Kim Jung-Ju and his wife own a 98.6% stake in NXC Corp. </p>
</div><ul>
<li>Kim Jung-Ju has served as the CEO of NXC Corp for 16 years. Kim Jung-Ju will be replaced by <strong>Lee Jae-Kyo</strong>, who has been working as a director at the Nexon Foundation.  Kim Jung-Ju will remain on the board of NXC Corp.</li>
<li>There was also another interesting recent hire of <strong>Alex Iosilevich, w</strong>ho was an investment specialist that helped Nexon complete its IPO in 2011. <ul>
<li>Alex Iosilevich will become the chief investment officer (CIO) of NXC Corp. Iosilevic has been an investment consultant for Nexon in the past decade.</li>
<li>He has recently worked as the Head of the Media Investment Banking with UBS Securities in the Americas.</li>
<li>
<a href="https://www.mk.co.kr/news/stock/view/2021/08/760133/" target="_blank" rel="noopener">Iosilevich</a> also played a key role a couple of years ago when NXC Corp was trying to sell its controlling interest in Nexon. </li>
</ul>
</li>
</ul>


There have been some recent events that suggest that Kim Jung-Ju, the controlling owner of Nexon (3659 JP), may be getting ready to sell the company once again. For now, Nexon has denied that it is up for sale. 
Last week, it was announced that the founder Kim Jung-Ju is stepping down as the CEO of NXC Corp, which owns a 47.3% stake of Nexon. NXC Corp is essentially a holding company of Nexon Corp and other Nexon Group companies. Kim Jung-Ju and his wife own a 98.6% stake in NXC Corp. 

Kim Jung-Ju has served as the CEO of NXC Corp for 16 years. Kim Jung-Ju will be replaced by Lee Jae-Kyo, who has been working as a director at the Nexon Foundation.  Kim Jung-Ju will remain on the board of NXC Corp.
There was also another interesting recent hire of Alex Iosilevich, who was an investment specialist that helped Nexon complete its IPO in 2011. 
Alex Iosilevich will become the chief investment officer (CIO) of NXC Corp. Iosilevic has been an investment consultant for Nexon in the past decade.
He has recently worked as the Head of the Media Investment Banking with UBS Securities in the Americas.

Iosilevich also played a key role a couple of years ago when NXC Corp was trying to sell its controlling interest in Nexon. 




ネクソン：キム・ジョンジュはNXC Corp.を再び売却する準備をしているのか？