Prostar Capital has appointed In Ku Kang as an operating partner, based in Seoul.
Kang, who has worked with the Prostar team for more than five years, will help bolster Prostar’s existing investment footprint in South Korea. South Korea has been an investment focus for Prostar for more than a decade, and the firm has a pipeline consisting of $500 million in proprietary deals ready to deploy.
“The unique thing about South Korea is that it combines all the things that we look for. It’s an OECD country with strong GDP growth and a stable political and regulatory framework,” said Steve Bickerton, senior managing director at Prostar Capital, in an exclusive call with IREI. “It’s got a rising demand for energy to keep its industrial operations growing. Some of the biggest companies in the world are in South Korea in terms of manufacturing, but it’s heavily reliant on imported energy, predominantly coal.”
Kang most recently served as CEO of Prostar’s