A&M Bets on South Korea’s Market-Driven Restructuring Pivot

Alvarez & Marsal Inc. is launching a dedicated South Korean restructuring practice, betting on a surge in corporate overhauls as the nation pivots from state-led bailouts toward market-driven solutions.

The firm said it has hired JJ Lim, a veteran of state-run Korea Development Bank, to lead a newly established team that will grow to between 10 to 15 people by the end of this year. Lim previously oversaw restructuring cases such as Daewoo Shipbuilding & Marine Engineering, HMM Co. and Taeyoung Construction.