SEOUL, March 9 (Korea Bizwire) — Mergers and acquisitions by South Korean firms decreased 7.7 percent in 2022 from a year earlier amid economic uncertainties, data showed Thursday. The number of mergers came to 1,027 cases last year, down from 1,113 cases tallied in 2021, according to the Fair Trade Commission (FTC). They were valued [...]
SEOUL, March 30 (Korea Bizwire) — The value of corporate mergers and acquisitions in South Korea surged 66 percent on-year last year amid major companies’ active investments in new industry fields, the antitrust regulator said Wednesday. Corporate deals were valued at 349 trillion won (US$288.5 billion) in 2021, compared with 138.4 trillion won a year [...]
SEOUL, Sept. 16 (Korea Bizwire) — Large South Korean companies have actively engaged in mergers and acquisitions (M&A) this year despite the economic fallout of the coronavirus outbreak, industry data showed Wednesday. Big businesses in Asia’s fourth-largest economy spent a combined 11.45 trillion won (US$9.7 billion) in 52 M&A cases in the first eights months [...]
SEOUL, Feb. 21 (Korea Bizwire) — The number of mergers and acquisitions (M&As) of Korean companies last year was the highest in 12 years, a recent report revealed. According to the Fair Trade Commission (FTC), the number of M&As reached 766 last year, up 64 from 702 in 2018. It was the highest number since [...]
SEJONG, Mar. 5 (Korea Bizwire) — Mergers and acquisitions by South Korean firms rose in 2018 from a year earlier as they sought to realign their business portfolios and find new growth engines, the antitrust watchdog said Tuesday. The number of mergers came to 570 in 2018, up from 514 in 2017, but their combined [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s cross-border mergers and acquisitions (M&A) in the ICT sector accounted for 15.7 percent of all such M&As, falling behind other major technology-driven countries, a report from the Institute for International Trade showed Monday. According to the report, 16.2 percent of all M&As around the globe last year [...]
SEOUL, April 24 (Korea Bizwire) – The direct offshore investments of South Korean companies rose to a record level last year, with that made to the United States nearly quadrupling the figures for China due largely to strong demand for business expansion in the world’s most advanced market, a report showed Monday. The foreign direct [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s Shinhan Bank said its Indonesian unit, Bank Shinhan Indonesia (BSI), has completed a merger with another Indonesian bank in the latest move to seek a new growth engine in the world’s fourth most populous country. BSI won an approval from the Indonesian financial authorities for its plan [...]
SEOUL, Nov. 28 (Korea Bizwire) – Last week, prosecutors began probing the $8-billion merger in 2015 between two Samsung affiliates – Samsung C&T and Cheil Industries – over the possibility that Choi Soon-sil, the center figure in Korea’s influence-peddling scandal, may have also been behind Samsung’s controversial deal. The merger faced strong challenges from individual [...]
SEOUL, Nov. 14 (Korea Bizwire) – Samsung Electronics Co. said Monday it has signed an agreement to acquire U.S. automotive electronics firm Harman International Industries Inc. for about US$8 billion. With the deal, Samsung will secure “a significant presence in the large and rapidly growing market for connected technologies, particularly automotive electronics, which has been [...]