[Graphic News] Number of corporate M&As in S. Korea down 7.7% in 2022
Mar 21, 2023
Mergers and acquisitions by South Korean firms decreased 7.7 percent in 2022 from a year earlier amid economic uncertainties, data showed. The number of mergers came to 1,027 cases last year, down from 1,113 cases tallied in 2021, according to the Fair Trade Commission. They were valued at 325.5 trillion won ($245.9 billion), down 6.7 percent over the period. It marked the first time since 2016 for the number of M&As to decrease on-year. The figure, meanwhile, still hovered above 1,000 for t