Daily BriefsSouth Korea

Daily Brief South Korea: Eoflow, Wemade Co., Ltd. and more

In today’s briefing:

  • Medtronic’s M&A, Tender Offer, and Taking Private of Eoflow
  • ESG Incident Report: Changing Trends in ESG Risks for Major Listed Game Companies in South Korea

Medtronic’s M&A, Tender Offer, and Taking Private of Eoflow

By Douglas Kim

  • In this insight, we provide the details of Medtronic’s M&A and tender offer for Eoflow. 
  • Currently, Eoflow is trading at 28,050 won which is 6.5% lower than the tender offer price of 30,000 won.
  • Eoflow’s share price is currently comfortably below 30,000 won and we believe this deal has 95-98%+ probability of getting completed within the current M&A framework.

ESG Incident Report: Changing Trends in ESG Risks for Major Listed Game Companies in South Korea

By Heejeong Park

  • Recently, a controversy surrounding substantial crypto investments in the political sphere has exerted downward pressure on the stock prices of major listed game companies in South Korea. 
  • In the past five years, there has been a shift in the gaming industry’s risk landscape, with social risks giving way to governance risks.
  • Some game companies have started publishing sustainability reports, but challenges arise due to the inconsistency in environmental data and the difficulties in comparing companies.

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