Harim Group W1 trillion acquisition of Pan Ocean

Overview:

• Harim Group has acquired Pan Ocean for W1 trillion ($900 million).
• Pan Ocean is the third largest shipping company in Korea which was part of STX Group.
• Through the acquisition of Pan Ocean, Harim Group was able to diversify its business.
• This is the first case where a corporation with a net worth of more than W1 trillion exited rehabilitation proceedings through an M&A. 

Katrin Kostadinova - Data analyst