KKR makes a killing as SK Group extends spree with KCF swoop

SK Group's purchase of copper foil maker KCF Technologies for W1.2 trillion $1 billion continues the Korean conglomerate's crusade for new revenue sources and seals what appears to be a hefty profit for seller KKR.

In pursuit of the business divested by the US private equity giant, the energy-to-communications chaebol fended off other suitors, including Loreansteel giant POSCO, according to a source familiar with the situation.

For KKR, which only acquired KCFT from LS Group for $253 million in February 2018, the deal represents a near-quadrupling of its money, but only after doubling the firm's production capacity with new...