KG Group drops bid for McDonald's South Korea business

KG Chemical

25/10/2016 24:26

SEOUL, Oct 25 (Reuters) - KG Chemical Corporation 
 001390.KS  said in a regulatory filing on Tuesday that its 
parent group has ended talks to acquire McDonald's Corp's 
 MCD.N  South Korean business due to what it called "a large 
difference of opinion." 
    South Korea's KG Group had partnered with NHN Entertainment 
Corp  181710.KS  to bid to buy the business.  urn:newsml:reuters.com:*:nS6N17L01B 
    NHN also said in a separate filing that KG Group's bid had 
been dropped. A Seoul-based spokeswoman for McDonald's could not 
be immediately reached for comment. 
 
 (Reporting by Joyce Lee; Editing by Richard Pullin) 
 ((tony.munroe@thomsonreuters.com; +82 2 3704 5640; Reuters 
Messaging: tony.munroe.thomsonreuters.com@reuters.net)) 
 
Keywords: MCDONALDS SALE/SOUTHKOREA