Goodrich Founder Pursues Management Control with ~4 Billion Won Call Option Exercise as Mid-September Deadline Nears

According to industry sources, Han Seung-pyo, founder of South Korea's major insurance agency Goodrich, is pursuing management control recovery through a call option exercise, with the deadline set for mid-September. Han is in discussions with multiple financial investors, including Bayside PE founded by former Korea Investment & Securities personnel, to secure the necessary funds.

JC Partners acquired 60% of Goodrich in 2022 at an enterprise value of 350 billion won. The company's current estimated value is around 650 billion won, based on improved operating margins and internal return rates. Approximately 4 billion won is needed to recover the remaining shares within the two-month window. If the call option exercise fails, JC Partners plans to pursue continuation fund arrangements or seek alternative strategic investors among major insurers.