A discussion will be held at the National Assembly to explore the issues and solutions regarding hostile takeovers (M&A) by private equity funds.

National Assembly Vice Chairman Lee Hak-young and 13 other lawmakers, including Min Byung-deok from the Democratic Party and Shin Jang-sik from the Justice Party, noted that they will hold a discussion on the theme of "What is the problem with hostile M&A by private equity funds?" at the National Assembly members' hall in Yeouido on the morning of the 8th.

Lee Hak-young, Min Byeong-deok, Kang Seon-woo, Kang Jun-hyun, Kwon Hyang-yeob, Kim Nam-geun, Kim Wan-i, Kim Tae-seon, Park Sang-hyeok, Park Hee-seung, Seo Young-seok, Lee Jeong-mun, and Heo Seong-moo, members of the Democratic Party, and Shin Chang-sik, a member of the Justice Innovation Party, hold a discussion on the topic 'What is the problem with hostile M&A of private equity funds?' at the National Assembly member's office building on Dec. 8 in the morning. /Courtesy of the Democratic Party.

This discussion is expected to cover topics such as protective policies for national key industries, the instability of the labor market due to private equity funds, and the role of pension funds.

Amid ongoing disputes over management rights involving Choi Yoon-beom, Chairman of Korea Zinc, and Youngpoong-MBK Partners, there is growing concern over the overseas leakage of core national technologies resulting from hostile M&A by private equity funds.

The lawmakers hosting the discussion have pointed out that hostile M&A by private equity funds can lead to various side effects, including manpower reductions, production disruptions, regional economic decline, and the overseas leakage of core technologies.

Professor Lee Jung-hwan from Hanyang University's Department of Economics and Finance will present on the ▲current status and issues of hostile M&A by private equity funds ▲the instability of the labor market due to private equity funds ▲issues with hostile M&A attempts and financial capital in key industries.

Professor Choi Seong-ho from Kyonggi University Graduate School of Administrative and Social Welfare and Professor Choi Joon-sun, honorary professor at Sungkyunkwan University Law School, will participate in the discussion on ▲the protection of national key industries from private equity funds ▲the role of pension funds in national key industries. They are expected to suggest solutions, such as strengthening the fiduciary responsibility of the National Pension Service, revising foreign investment regulations, and limiting layoffs.

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