Optis who is out to buy Pantech, will finish its inspection of Pantech and set out to make establishment of business strategy that will draw a rough sketch of Pantech’s new future. It will establish a comprehensive road map centered on not just CEO Byun YangKyoon, but also Pantech’s executives and staff members. Process of buying Pantech is becoming more smoothly as settlement of Optis’ share of Jin, DaeJae former Secretary of Ministry of Information and Communication’s side, who recently showed a negative view of sale of Pantech, is finalized.
“It is planned that inspection will be finalized by end of this year, and we are going to make an extra inspection and establish new business strategy if there are any insufficient areas. The whole process is progressing according to our plan without any changes.” CEO Lee JuHyung of Optis said on the 28th about current situation of whole inspection process.
As Optis is done with its inspection, it is set out to make establishment of business strategy in medium and long-terms. It is planning to make its own operation method without any help from outside consulting companies because it wants to have clear prognosis and intention of judgment about this business.
“Instead of making fancy strategies, I see that it is more important for Pantech’s specialists to participate into this process of establishment of strategy and help them to have the mentality that they are the owners of this company who will execute this business. We are planning on focus on future establishment of strategy with Pantech’s executives and staff members for a while.” CEO Lee said about what is the most important thing to do as of right now.
Chairman Byun Yang Kyoon of Optis who once worked as Policy Director of Blue House, is taking the lead in buying Pantech and establishment of strategy along with Vice-Chairman Hwang In Seop who once worked as CEO of TST Korea. As soon as this process is over hereafter, ChairmanByun Yang Kyoon is taking the role of Chairman of a group that puts Optis and Pantech together.
Former Secretary Jin Dae Jae of Ministry of Information and Communication who now works as CEO of Sky Lake Investment, announced on the 25th that it will settle all Optis’ share. Sky Lake Investment is Optis’ largest shareholder as it has 22.46% of share. As CEO Lee JuHyung becomes largest shareholder, process of buying Pantech is progressing at a much faster rate.
Optis thinks that conclusion of formal agreement, which is scheduled for 17th of July, will make a progress without any difficulties as progress of detailed inspection is getting finalized smoothly for formal agreement.
A person affiliated with Optis said that Optis is expecting good results as there is a high will of buying Pantech and Optis is putting its efforts in advertising for fund to buy Pantech. That person also said that this whole process will progress in details as there will be many variables until everything is finalized.
Staff Reporter Sung, Hyeonhee | sunghh@etnews.com