(MENAFN) Whereas most deals by South Korean companies were targeting to reform their spreading businesses, foreign firms took a leading role in the country's mergers and acquisitions (M&A) market through the prior year.
According to the Fair Trade Commission's latest reports, the overall number of M&As including South Korean conglomerates increased 17.2pct on-year to 669 last year, with the sum climbing 81.6pct to USD308.8 billion.
Chinese companies have emerged as big buyers, spending USD1.26 billion in 2015 to obtain Korean companies last year, and this came as a significant surge over the USD31 million takeovers tallied in 2013 and the USD472 million in 2014.
Furthermore, the largest pact by transaction value was the merger between two affiliates of Samsung Group, the nation's top conglomerate, seen as a step forward for the generational leadership transfer to its new Vice chairman.
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