A couple of domestic investors appear to be interested in acquiring Daewoo Engineering & Construction Co., Ltd. (KOSE:A047040) as improving performances have boosted the builder's corporate value, sources said. Prospective buyers include local private equity fund SkyLake Investment Co., which has recently taken over Doosan Solus Co., a South Korean copper foil maker, according to them. KDB Investment Co., a corporate restructuring arm of the state-run Korea Development Bank (KDB), is the biggest shareholder of Daewoo E&C with a 50.75% stake.

KDB sold its stake in Daewoo E&C to KDB Investment in 2019, two years after it failed to sell the construction company. During an annual parliamentary audit of the state lender, KDB Chairman Lee Dong-geol said the bank would seek to sell Daewoo E&C at an opportune time after boosting its corporate value.