Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Li & Fung Is One of the Casualties of the Choi Soon Shil Scandal

Thematic (Sector/Industry)

It was reported today in numerous local press that the authorities have gained mounting evidence of the Choi Soon Shil family siphoning off as much as 10 trillion won (US$8.3 billion) offshore, mainly in European countries including Germany, Switzerland, England, and Liechtenstein. This is hard to believe but if true, Choi Soon Shil family would be one of the richest families in Korea. The Germany authorities mentioned that this siphoning off of offshore money is one of the biggest ever. Has…

It was reported today in numerous local press that the authorities have gained mounting evidence of the Choi Soon Shil family siphoning off as much as 10 trillion won (US$8.3 billion) offshore, mainly in European countries including Germany, Switzerland, England, and Liechtenstein. This is hard to believe but if true, Choi Soon Shil family would be one of the richest families in Korea. The Germany authorities mentioned that this siphoning off of offshore money is one of the biggest ever. Has…

The Grand Heist - Choi Family Siphoning Off 10 Trillion Won Offshore?