DAP (Daemyung Chemical Group) to acquire 64.04% of Aero K Holdings for KRW 30bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $21m
- Stake
- 64.04%
- Implied 100%
- $32m
- Revenue
- —
- Op. income
- —
- Multiples
- —
Deal value ÷ stake (structure unconfirmed)
- Target
- Aero K Holdings · Low-cost airline
- Buyer
- DAP (Daemyung Chemical Group) · SI
- Seller
- —
- Structure
- —
- Announced
- Aug 23, 2022
- Closed
- —
- Stage
- Announced
Target
Holding company of Aero K, a Cheongju Airport-based low-cost carrier founded in 2016 that began Cheongju-Jeju service in April 2021 and sells tickets mainly through direct channels.
Deal rationale
DAP's disclosure cited strengthening new growth drivers through business diversification (Jungbu Maeil). Aero K CEO Kang Byung-ho said Aero K's brand value, with synergy potential from Daemyung Chemical Group's fandoms, was a key factor in the investment decision. Per Dealsite, DAP became the largest shareholder via a KRW 30bn third-party rights offering in July 2022.
Press coverage
- 중부매일 (2022-08-23): “에어로케이홀딩스 지분 64.04%를 300억 원에 취득한다고 공시했다.”
- 딜사이트 (2025-08-01): “2022년 7월 300억원 규모의 3자배정 유상증자를 통해 에어로케이홀딩스 최대주주에 올랐다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.