STX Group Chairman Kang Duk-soo … is one of the most talked-about businessmen in Korea after STX became the nation’s 14th-biggest conglomerate within a decade through continuous mergers and acquisitions (M&A).
Now Kang is preparing to strike another mega deal and this time his target is a semiconductor business, Hynix Semiconductor would be the group’s biggest-ever acquisition because the combined 15.1 percent stake owned by Hynix’s major shareholders could cost some 3 trillion won.
STX claims it wants to diversify its business portfolio by shying away from its heavy dependence on shipbuilding.