South Korean law firms Yoon & Yang, Shin & Kim and Kim & Chang are counselling parties involved in the proposed July delisting of Hyundai Home Shopping, the e-commerce arm of the Hyundai Department Store Group, from the Korea Composite Stock Price Index (KOSPI) market.
“This transaction reflects the market trend towards resolving dual listings and revaluing corporate worth. It is also significant as a practical precedent for effecting a delisting through a comprehensive share exchange without a tender offer,” said Joon Oh Jo, one of the lead partners at Yoon & Yang, counselling Hyundai Home Shopping.
On 11 February 2026, the Hyundai Department Store Group announced plans to delist Hyundai Home Shopping after incorporating it as a wholly owned subsidiary of Hyundai GF Holdings, the holding company of the group. In an official press release, the group said the move was “a strategic decision aimed at ensuring their sustainable growth and maximising shareholder value”.
Yoon & Yang is providing legal advice on the overall transaction structure, including conducting pre-reviews of draft materials for the board of directors and special committee, proposing specific measures to ensure the fairness of the exchange ratio and preparing checklists for directors to support compliance with all requirements. Partners Kwang-Wook Lee and Keun Woo Lee co-led the Yoon & Yang team with Jo.
Shin & Kim drafted a legal opinion regarding the legality of this transaction, with input from lead partner Hae-Seong Ahn.
Kim & Chang advised for Hyundai GF Holdings.
A shareholder vote on the proposed delisting of Hyundai Home Shopping is scheduled at an extraordinary general meeting on 20 April 2026. Should the motion be approved, the company will be delisted on 20 July 2026.
As of 9 April 2026, the market capitalisation of Hyundai Home Shopping stood at KRW906 billion (USD612 million).
