Monster sells position in South Korean JobKorea to H&Q Korea
30 September 2015
Global job board Monster has entered into an agreement to sell its 50.01% ownership position in its South Korean operation, JobKorea, to H&Q Korea for around US$85m (£38m).
Wed, 30 Sep 2015
Global job board Monster has entered into an agreement to sell its 50.01% ownership position in its South Korean operation, JobKorea, to H&Q Korea for around US$85m (£38m).
The transaction is expected to close next month.
Monster sold 49.99% of its shares in JobKorea to H&Q Korea in December 2013.
A Monster statement said the sale “is consistent with Monster's continued strategy of unlocking value and sharpening its focus on its core online recruitment platform”.
