Advised on the sale of YTN

Project Yacht involved advisory services for the divestiture of KEPCO KDN and Korea Racing Authority's majority stake in YTN Co., Ltd., culminating in the sale of a 30.95% equity interest to Eugene Investment & Securities Co., Ltd., a subsidiary of Eugene Corporation, for approximately KRW 320 billion.

YTN, one of only two specialized news channels in South Korea, holds significant national importance beyond its market value as a publicly listed company. The project team undertook this task with a strong sense of social responsibility.

Given the high national interest in this matter, the process was carried out with utmost fairness, transparency, and stringent security measures to prevent any issues. The successful completion of this divestiture was made possible not only by the dedication of the project team but also through the active involvement of the Leadership, Risk Management, and Legal departments.

The PwC team for this transaction were led by Partner Byung-Kook Kim.