SEOUL, KOREA – On Monday, KOTRA (Korea Trade-Investment Promotion Agency) held the opening ceremony of its Global M&A Support Center, designed to support global M&A activities by Korean small- and medium-sized companies, at the Invest Korea Plaza.
KOTRA’s recent survey of Korean medium-sized companies showed that 12 percent of the respondents were interested in overseas M&As. They mentioned a lack of information on foreign companies put on the market as one of the great obstacles to smooth their M&A endeavors.
Global M&As are on the rise in major economies including China and Japan. They exploit M&As as an exit from the global economic recession. In 2012, the value of M&As by China and Japan hit all-time highs: USD 57.2 billion and about KRW 8.8 trillion, respectively.
KOTRA President Oh Young-ho said, “We will help Korean medium-sized companies go global by assisting them in tapping M&A opportunities as a means to latch on to foreign-developed key technologies, brands, sales network and production strongholds.”
Sean Chung (hbpark@etnews.com)
**Article provided by etnews [Korea IT News]
[Reference] : http://english.etnews.com/electronics/2715655_1303.html
