Global Sae-A is reviewing various growth strategies, including selling the group's paper businesses such as TAILIM PACKAGING and Jeonju Paper, to enhance corporations value.
According to the paper industry on the 30th, Global Sae-A is said to be reviewing the sale of institutional sector subsidiaries in the paper segment, including TAILIM PACKAGING, Tailim Paper, and Jeonju Paper.
Global Sae-A is a corporations that grew from Sae-A Trading, the world's largest apparel original equipment manufacturer (OEM). Starting with Sae-A STX Entech in 2018, it expanded its business scope by acquiring TAILIM PACKAGING in 2020, Ssangyong E&C in 2022, and Jeonju Paper in 2023. Buoyed by this external growth, Global Sae-A in 2023 was included for the first time since its founding among large business groups with asset aggregates of 5 trillion won or more.
However, with key affiliates such as Sae-A STX Entech recently posting weak results, the industry assesses that the group has moved to sell the paper institutional sector to enhance corporations value and improve its financial structure.
A Global Sae-A official said, "We are reviewing various options to enhance corporations value in the paper institutional sector, including TAILIM PACKAGING," and added, "Nothing has been finalized regarding a sale."