S. Korea lags in cross-border tech mergers
SEOUL, June 4 (Yonhap) -- South Korea's cross-border mergers and acquisitions (M&A) in the ICT sector accounted for 15.7 percent of all such M&As, falling behind other major technology-driven countries, a report from the Institute for International Trade showed Monday.
According to the report, 16.2 percent of all M&As around the globe last year were so-called tech M&As, the highest proportion in 10 years.
In South Korea, the number of tech M&As jumped 72.8 percent from 114 in 2013 to 197 last year, but a majority of them were between domestic entities. Only 15.7 percent of them were with foreign companies, far behind 822 cases in the United States (31.8 percent) and 639 cases in the European Union (45.4 percent).
While China had fewer tech M&As, the proportion of cross-border mergers was higher than South Korea with 21.3 percent, the report showed.
The rate of increase for all cross-border M&As was 24 percent for South Korea, compared to 32.2 percent for the U.S., 40.1 percent for the EU and 110 percent for China.
(END)
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
Ateez to drop new Japanese EP next week
-
(2nd LD) N. Korea still unresponsive to S. Korea's outreach for talks on COVID-19: official
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
Hyundai Motor to invest US$5 bln in U.S. for robotics, autonomous driving development
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
(LEAD) Yoon, PPP lawmakers travel to Gwangju en masse to commemorate 1980 democracy uprising
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
(LEAD) Biden set to arrive in S. Korea for first summit with Yoon
-
Military develops new helmet capable of stopping stronger pistol rounds
-
Agencies remain silent as V of BTS, BLACKPINK's Jennie rumored to be dating
-
Biden says he and Yoon 'married up'
-
With historic Golden Boot, Son Heung-min cements case as greatest S. Korean footballer ever
-
U.S.-led IPEF outweighs China-involving RCEP in population, GDP