South Korea – Takeovers: Mandatory Bids

South Korea – Takeovers: Mandatory Bids

On 4 March 2025, Nextrade, a new Alternative Trading System (ATS) commenced operations.

  • shares acquired on the new ATS are also excluded from the tender offer / mandatory takeover rule
  • this follows the amendment to the Capital Market and Financial Investment Business Act

FSC press release can be found here (Korean).