First published in The Korea Herald.
Mergers and acquisitions in Korea scaled new heights last year as companies undertook massive restructuring and big deals were struck.
According to the Global M&A Market Review published recently by Bloomberg, the M&A market nearly doubled to $79.7 billion in 2014 from the previous year. This is also four times more than the $20.4 billion recorded in 2011.
It is not very difficult to guess the reasons for the M&A boom. For starters, many companies were sitting on massive cash piles, while the slowdown in the economy and their weak earnings forced businesses to restructure and discard their poorly performing units.
A string of megadeals including the merger between Daum Communications Corp. and Kakao Corp. and the merger between Samsung SDI...
