While Its Chairman Faces Trial, E Group Pushes Ahead With Another Listed-Company Acquisition
Translated from Korean and summarized by DistantNews. Read the original for the full story.
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- E Group is seeking to acquire Kosdaq-listed Paionex through a 10 billion won rights offering.
- The group, formerly known as Ewha Group, has continued acquiring listed companies despite chairman Kim Young-joon facing trial on embezzlement and breach-of-trust charges.
- Three affiliates have recently undergone simultaneous delistings, according to the report.
E Group, formerly Ewha Group, is continuing its push to acquire listed companies while its chairman, Kim Young-joon, faces trial on embezzlement and breach-of-trust allegations.
The group is pursuing the acquisition of Kosdaq-listed Paionex through a 10 billion won capital increase. The move follows a series of acquisitions funded with group money over the past year.
The latest deal comes after three affiliates were simultaneously delisted, a setback described as a severe ordeal for the group. Despite that experience, E Group has continued what the report calls its shopping spree for listed companies.
Financial authorities disclosed the latest details on Sept. 3. The report was published on the ChosunBiz MoneyMove site at 3:47 p.m. on Sept. 3, 2026.
About this summary
Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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