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

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The story "M&amp;A deals in South Korea hit 7-year low in 2024" was covered 5 days ago by Korea Economic Daily, a news publisher based in South Korea.

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M&A deals in South Korea hit 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 — nearly halted this year, said investment bankers.“As business dynamics have declined (in Korea), it has become difficult to even narrow down investment candidates,” said a private equity firm official.

M&A deals executed by the top 20 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.

The 2024 figure is down 21.9% from the year prior, bucking the trend of the global M&A market, which logged a 10% rise to $1.6 trillion in the first nine months of this year, according to Boston Consulting Group.