KG Group

The KG Group (Korean: KG그룹, IPA: [kʰeidʑi kɯɾup]) is a South Korean chaebol established in 2003 and operating, through its affiliates, in various industries and other businesses (including chemicals, steel, services, and media).

In 1985, Kwak Jae-sun and other investors founded Seil, a power plant company.

In 2003, Kwak sold his Seil stake and used the money obtained to acquire a company under receivership, Gyeonggi Chemical (later renamed KG Chemical), initially a fertilizer producer which diversified through merging, and established the KG Group chaebol.

In April 2023, the KG Group sold KFC Korea to Orchestra Private Equity.

[2] In October 2020, KG Inicis, through a SPC called Crown F&B, acquired a 93.8% stake in Hollys F&B (the operator of the Hollys Coffee coffeehouse franchise) from IMM Private Equity, a private equity fund manager.

[9] In August 2022, South Korea's Free Trade Commission approved KG Group acquisition of a 61% controlling stake in receivership-bound SsangYong.

In September 2022, the Seoul Bankruptcy Court agreed to SsangYong's receivership exit plan, including issuing new shares in order to pay the creditors.

[13] The Court approved the receivership exit on 11 November, finalising the consortium's acquisition.

[25] Following the 1997 Asian financial crisis, Gyeonggi Chemical sold off its affiliates (Gyeonggi Mining and Daljae General Trading Corporation) but it did not make a major restructuring to improve its financial situation.

In 2002, the Mitsubishi Group, with which Gyeonggi Chemical had a partnership, formed a consortium and tried to take over, but it failed.

[27] The following table is a summary of the other publicly listed KG Group affiliates as of June 2023[update]:

Partial structure of the KG Group as of April 2023