Programme
| Thursday, 17 September 2009 |
| 08:00 |
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Breakfast and registration |
| 08:50 |
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Welcome remarks |
| 09:00 |
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Keynote address
Scott E. Kalb, CIO, KOREA INVESTMENT CORPORATION |
| 09:30 |
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The role of private equity in the restructuring of Korea Inc.
While private equity firms have generally operated in Korea in stealth mode, the changing global environment and a warmer welcome from the Korean government has sparked a revival of interest in local assets. PE firms are now stepping up their pace of investment in the country as the chaebols offload their non-core assets as part of the government’s call for the restructuring of Korea Inc. How large a role will private equity play in South Korea’s latest transformation? Panelists discuss:
- Which assets are ripe for PE investment?
- Recent government policies and how they can help the country’s businesses and economy emerge stronger from the recession
- How to manage portfolio companies through economic downturn
- Strategies for foreign investors to gain a foothold in the South Korean market
Moderator
Jae-Woo Lee, Founding Partner, VOGO FUND
Panelists
Kenneth Hao, Managing Director & Head of Asia, SILVER LAKE PARTNERS
Charles Huh, Head of Korea, STANDARD CHARTERED PRIVATE EQUITY LIMITED
Benjamin Jenkins, Sr. Managing Director & Co-Head of Asian Corporate Private Equity, THE BLACKSTONE GROUP |
| 10:30 |
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Coffee / tea networking break |
| 11:00 |
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Mid-market buyouts continue to perform
Like Manchester United football star Park Ji-Sung, the Korean middle market has been a quiet performer: No flashy headline-grabbing deals; just steady execution that brings home stellar results. The Korean middle market has, in fact, attracted investments from PEFs in the economic downturn, as many otherwise well-managed and profitable companies have been looking for ways to alleviate temporary cash shortages. Will this trend translate into more deals for local and foreign funds? Our experienced panel of investors considers:
- Middle market buyouts: Will they boom in 2010?
- Mid-market sector challenges and attractiveness
- Inbound prospects: Infrastructure, real estate, shipping and automobile industries
Panelists
John Rhee, Managing Director, ARTIX INVESTMENTS
Bonyong Koo, Head of Private Equity Division & CIO, KTB SECURITIES
Jay W. Kim, Managing Director, Korea, THE RIVERSIDE COMPANY |
| 11:45 |
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Plenary address
Joseph Ferrigno III, Managing Partner, ASIA MEZZANINE CAPITAL GROUP |
| 12:15 |
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Plenary keynote address
Ralph Parks, Chairman, OAKTREE CAPITAL (HONG KONG) LIMITED |
| 12:45 |
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Luncheon
Keynote address
Tong-Soo Chung, Head of Invest Korea, KOTRA |
| 14:00 |
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Plenary address
Post-acquisition value creation imperative: why and how?
Panelists
Chul-Joon Park, Partner, Head of Asia Private Equity Group, BAIN & COMPANY
Soomin Kim, Partner, Head of Korea Private Equity Group, BAIN & COMPANY
Ben Way, Managing Director, MACQUARIE CAPITAL GROUP |
| 14:45 |
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Beyond Korea: Investing in the rest of Asia
As with the rest of the world, valuations around Asia have taken a hit in these hard economic times. Yet there is still plenty of value to be found for Korean PE funds. The potential for high growth and returns remains high in China and India, although the risk premium is higher than that of the more developed markets of Singapore and Japan. Where can Korean investors find the most suitable opportunities? What synergies can be expected? A panel of experienced regional investors discuss the prospects in:
- Asia’s behemoths: China and India
- Japan
- Southeast Asia
Moderator
Kevin Lee, Head of Korea, EXCELSIOR CAPITAL ASIA
Panelists
Kazushige Kobayashi, President & CEO, ALTERNATIVE INVESTMENT CAPITAL LTD
Thomas Chan-Soo Kang, Founder & CEO, KANG & COMPANY
Jason J. H. Kim, President & Founder, LINDEMAN ASIA INVESTMENT CORP.
Young-Ah Kim, Investment Associate, SQUADRON CAPITAL |
| 15:30 |
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Coffee / tea networking break |
| 16:00 |
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VCs in Korea: Venturing beyond early stage investments
The international venture capital industry is facing its toughest time in recent history with its very existence coming into question, and GPs are adopting a different approach by widening their focus to include what is best termed as expansion capital. Many firms are also broadening their search for technology to include places like China and India. Will this spell the end of Korean innovation which has led the market in many areas such as LED over the past few years? Or will Korean technology become stronger as a result of a more focused investor base? A team of VCs debates the issues:
- The opportunities for venture funding in Korea
- The VC advantage in expansion capital deals
Moderator
Jeong-Suk Koh, President &CEO, ILSHIN INVESTMENT CO LTD
Panelists
Han J. Kim, General Partner & Co-Founder, ALTOS VENTURES
Jung-Joon Hwang, Investment Director, BLUERUN VENTURES
Jungsoo Jack Han, Sr. Director, INTEL CAPITAL
Sung-Bin Park, Co-Founder & Managing Director, TRANSLINK CAPITAL
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| 17:00 |
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Plenary session
How the secondary market can help achieve liquidity and enhance portfolio values
Lucian Wu, Managing Director, Head of Asia, PAUL CAPITAL |
| 17:30 |
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Conference concludes
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| 18:00 |
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Cocktail reception |
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