IFLR1000

Chunwon Development corporate restructuring

31/12/2015
Corporate rescue, Restructuring
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W 300 billion

$ 266 million

Completed

31/12/2015

Overview:

  • Chunwon was acquired by Booyoung Group and the members were repaid 28.4% of their membership deposits in cash.
  • This was part of Chunwon's restructuring programme. 

Katrin Kostadinova - Data analyst

Jurisdiction:

South Korea

Deal types:

Corporate rescue
Restructuring

Practice area:

Restructuring : Corporate

Governing law:

South Korea

Industry sector:

Real estate

Firm:
Lee & Ko

Party: Maestro Golf Club Emergency Commitee (Creditor)

Lawyers: Eunjai Lee, Jung Hyun Lee, Seok Pyo Hong

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