Korea to ease rental caps for capital firms in blow to PE-backed car rental leaders
South Korea's Financial Supervisory Service (FSS) plans to inspect 30 private equity firms, warning of market expulsion for repeated violations. Lotte Group will raise $1.3B from asset sales, including TPG's $920M acquisition of Lotte Rental. The FSS also blocked Affinity Equity Partners' deal for Lotte Rental, citing private equity control risks.




