South Korean firms seek private equity investors in Hong Kong

Small to medium-sized enterprises in South Korea are seeking investors in Hong Kong for capital to expand in overseas markets.

"The money is now in Hong Kong and Singapore, these are where the hot money goes," said Christopher Park, director of Korean LED glass manufacturer G-Smatt, which is looking for about US$10 million to upgrade its plant and expand overseas.

The company was among a visiting group of Korean firms attending an investment forum organised by the South Korean government yesterday to explore business opportunities here.

via Business feed http://www.scmp.com/business/companies/article/1078221/south-korean-firms-seek-private-equity-investors-hong-kong