In 2024, the country's M&A market remained solid, with deal values totaling $18.6 billion, ranking third in the Asia-Pacific market.“Although the deal count saw a decrease to 103 in 2024, down from 122 in 2023, Korea’s dealmaking momentum picked up in the second half of 2024, totaling $12.9 billion in deal value, marking a 68% increase over the same period in 2023,” said Deloitte in the reportAlso, PE firms are now playing a more active role in reforming the governance and management of Korean companies, which remain undervalued relative to their asset values.
This marks a twofold increase compared to the mid-2010s.“As the Asia-Pacific private equity market gains the spotlight, we’re witnessing trends such as the polarization of deal sizes and shifts in exit strategies, as well as rising interest in the Korean market,” said Nam Sang Wook, private equity leader for Deloitte Korea’s consulting team.
It gave an upbeat outlook for the region’s M&A market this year, with lowered interest rates expected to lubricate leveraged buyout deals.“Deal count (in 2024) did not reach the levels seen in 2021 and 2022.
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