To Support Local Firms' Overseas M&A Activities
Korea Exchange (KRX) announced on Oct. 24 that it has opened a cross-border M&A intermediation network as an online platform to help South Korean companies merge with and acquire foreign companies.
The network, which provides data and information on foreign companies for sale, currently shows about 20 companies, including Vietnamese logistics, distribution and consumer goods companies and European industrial component manufacturers.
“We confirmed M&A demand for companies in the ASEAN region, material and component suppliers in advanced countries, and the like while collecting opinions from listed South Korean companies,” KRX explained, adding, “In that regard, we established the online platform by working with global M&A consulting agencies and setting up a network with a Vietnamese consulting firm.”