SK creates advisory team for M&A deals

SK Group, the nation’s third largest conglomerate, said Wednesday it has set up an independent team to offer a variety of advisory services to its affiliates seeking mergers and acquisitions.

The group has recently created the “integrated financial solution team’’ under the roof of the Supex Council, the group‘s highest decision-making body, and appointed Jim Eun, the former head of Intel Korea, as the IFST leader.

Eun, who has been appointed vice president, reportedly built his relationship with the group chairman Chey Tae-won over a decade since he met the chairman at the V-Society, CEOs gathering for investments in venture firms, created by Chey in 2003.

“The team will play a role as a solution provider on request by affiliates looking for global partnership or takeover deals,’’ a group official said.

Market watchers said more specific roles of IFST will offer financial advisory services for M&A deals in new businesses, including the renewable energy sector.  

By Seo Jee-yeon (jyseo@heraldcorp.co.kr)