South Korean bourse calls for verification of LG Dacom, LG Powercom merger plans

The South Korean stock exchange has reportedly called on fixed line and broadband operator LG Dacom to confirm rumours that it is planning to merge with subsidiary LG Powercom. The call comes after shares in the two companies climbed on the back of the revitalised rumours; initial indications the two companies could merge were reported in January this year. According to TeleGeography’s GlobalComms database, LG Dacom currently holds a 45.43% stake in LG Powercom and the latter currently provides wholesale network access and services to LG Dacom as well as offering corporate and residential products under its own brand.