Dongwon Group's acquisition of MacDonald's Korea is in the works.
in the works: (어떤 일이) 진행되고 있는 = in the pipeline
Dongwon Industries is reported to have been the sole preliminary bidder in the tender on Jan. 17, and the group began its first round of inspections last week.
sole: 단독의, 유일한
preliminary: 예비의
tender: 상냥한, 연약한; 입찰
This is not the first time McDonald's Korea has been put up for sale. In 2016, its U.S. parent negotiated with Maeil Dairies-Carlyle consortium, but the deal fell through.
put up for: 제시하다
fall through: 실현되지 못하다
McDonald's Korea first launched in the domestic market in 1986, and the U.S. headquarter had wholly acquired it in 2006. If Donwon Group takes over McKonald's Korea, it will possess the exclusive business rights over the Korean affiliate and will give a 5 percent royalty to the U.S. headquarters.
take over: 인수하다, 인계받다
possess: 소유하다
Dongwon Industries, known to be a major domestic seafood company, merged with Dongwon Enterprise last November, becoming the holding company of Dongwon Group.
"We are reviewing the acquisition over McDonald's Korea, but it has not been finalized," Dongwon Group's spokesperson commented.
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