Korean startup M&As halve with smaller deal size

Quick Summary:

The value of announced South Korean startup M&As stood at 223.1 billion won ($151.3 million) in 32 cases in 2024, according to The VC, a South Korean startup and venture capital tracker.

Shinsegae International Inc.’s 71.3-billion-won purchase of Amuse Corp., a low-cost cosmetics brand, was the largest Korean startup M&A deal this year.Viva Republica Inc.was the only Korean unicorn that acquired a domestic startup.

Holiday Robotics raised the biggest seed funding of 17.5 billion won, or $13 million, among Korean startups this year, led by StoneBridge Ventures Inc.

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Article Details

Category: Economy

Markets: South Korea

Topics: Year Corp Korean South Venture Startup Platform Domestic 2024 Startups Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 17:26:58 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 32 lines

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