The Korean Capital Market Act and related regulations dictate the basics for tender offers in Korea. The rules in Korea are, simple: 1. If the total number of tendered shares is less than the intended number of shares to be purchased by the tender offeror, the offeror may not purchase any of the shares; and 2. If the total number of tendered shares is more than the number that is intended to be purchased by the tender offeror, the tender
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