M&A deals in South Korea at 7-year low in 2024

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M&A deals in South Korea at 7-year low in 2024 - Korea Economic Daily

Quick Summary:

Investments in semiconductor, rechargeable battery and bio companies, deemed as next-generation growth drivers for Korean companies, almost come to a stop this year, said investment bankers.“As business dynamics declined (in South Korea), it becomes difficult to even narrow down investment candidates,” said a private equity firm official.

M&A deals executed by top 20 South Korean conglomerates sank to their lowest level in seven years in terms of value in 2024, according to a study by Market Insight, the capital market news outlet of The Korea Economic Daily.

South Korea’s mergers and acquisitions market shrank further in 2024 as leading business groups such as Lotte, SK and GS shifted to unload assets to secure cash amid sluggish exports, softening Korean won and political uncertainties.