MC Insider: A flying laptop, a power flip and Korea Inc’s India play
Track the drama, deals and decision-making playing out away from the public eye.
If you thought South Korean giants such as Hyundai Motors and LG Electronics were flocking to Dalal Street purely for those eye-popping valuations, think again!
We pick up that several Korean conglomerates are now eyeing India through M&A and joint ventures to plant deeper roots in the world’s fastest-growing economy. Take this group, for instance, famous for its family feuds and its candy brand that’s a household name in Indian homes. That’s not all, skincare brands behind the emergence of "Korean glass skin" are also eyeing an India entry.
The timing couldn't have been better with both countries agreeing to deepen ties in economy and security at the G20 summit.