Korean Businesses' M&A Spending Doubles

  • Arirang News

    December 09, 2021 08:20

    Mergers and acquisitions by big Korean businesses jumped in the first nine months of this year.

    According to market researcher CEO Score, 500 big companies spent a combined W28.8 trillion on mergers and acquisitions in the first three quarters of the year, more than double the spending over the same period last year (US$1=W1,178). The number of deals increased 31 percent to 126.

    This year's biggest deal was SK Hynix's acquisition of Intel's NAND business for about W10.3 trillion. Kakao was involved in the most deals, acquiring 23 companies.

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