LG still seen as most probable buyer of auto parts supplier By Park Jae-hyuk SK Group, which has been mentioned as a potential bidder for Hanon Systems, is in focus as observers wonder if the conglomerate will gain the upper hand over another probable bidder, LG Group.
The conglomerate and the PEF had signed a 205 billion won contract in 2017 for the latter’s acquisition of a 50.1 percent stake in SK Encar, a used car retailer rebranded as K Car.
After Halla sold its entire stake to Ford’s subsidiary, Visteon, during the 1998 Asian financial crisis, the U.S. carmaker integrated its thermal system businesses into Halla Visteon Climate Control (HVCC) and sold it to a consortium of Hahn & Co. and Hankook Tire in 2015.