Douglas Research Insights

Douglas Research Insights

Likely Increase In Mandatory Tender Offer from the Current 50% + 1 Share Requirement

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Douglas Kim
Dec 01, 2025
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  • Korean government is likely to increase the mandatory tender offer from current 50% + 1 share requirement (minimum majority stake) to much higher levels (but below the maximum 100% requirement).

  • There is an increasing probability that indeed the Korean government is likely to increase the minimum majority stake requirement to 60% to 75% of total shares in 1H26.

  • If the minimum maximum stake rises to 60%-75% of outstanding shares, this would have a further beneficial impact on the minority shareholders.

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