Arab Today, arab today south korea china agree to launch 1bn ma fund
Last Updated : GMT 06:43:07
Arab Today, arab today
Arab Today, arab today

South Korea, China agree to launch $1bn M&A fund

Arab Today, arab today

Arab Today, arab today South Korea, China agree to launch $1bn M&A fund

South Korea
Seoul - Yonhap

South Korea and China agreed to launch a US$1 billion fund that will focus on corporate mergers and acquisitions (M&A) between the two nations to further step up bilateral industrial cooperation, Seoul-based Korea M&A Exchange said Wednesday.
Korea M&A Investment Association signed an agreement with China M&A Association to jointly launch and operate the private equity fund to boost corporate investment and venture start-ups through buyouts.
The two sides will first invest $100 million each to create the fund and establish a South Korean headquarters in Seoul and a Chinese branch in Hong Kong, the Seoul association said.
"The two associations will jointly launch and administer the private equity fund to expand cooperation in the M&A, investment and IPO (initial public offerings) areas," Wang Ping, China M&A Association president and chairman of Kingwin Capital Group, said during a signing ceremony held at the Korea Exchange in Seoul. "The fund will invest in M&A groups of the two nations for the maximum profits of investors."
   Ping said the fund will focus on such areas as shipbuilding, IT, games and cutting-edge industries, without elaborating on the size and details of the proposed investment.
The latest move comes as Seoul considers easing regulations and providing tax incentives for buyout companies as South Korea has been falling behind its Asian peers in the M&A sector due to tough scrutiny and negative sentiment toward foreign takeovers among regulators and the public.
Policymakers have vowed support to revitalize the local M&A market to help companies seeking synergies through integration and troubled firms that need an exit strategy.
Rep. Kim Jong-hoon of the ruling Saenuri Party, who submitted a bill calling for a lowered investment ceiling for the buyout firms, urged the government and public sectors to make joint efforts to foster the financial sector.
"There is still negative sentiment over overseas corporate buyers, viewing them as predators that take profit here and then leave," Kim said at a M&A seminar Wednesday. "Rather than putting blame on others, it is better to develop our own measures to develop the local market to provide more opportunities for companies."
   South Korean companies have long preferred organic growth over expanding business through acquisitions.
Out of 860 companies that have become affiliates of South Korea's top 30 business groups in the last decade, 519 firms, or 60 percent, were spun off or newly established, while 40 percent joined the conglomerates through M&A deals, data by market researcher CEO Score showed.
However, the pace of private equity buyouts has recently seen a pickup with a steady domestic stock market and a wave of targets put on sale by local conglomerates and foreign companies.
According to the U.K.-based information provider Mergermarket Group, M&A activities in South Korea had a remarkable start to the year, with 67 deals worth a combined $25.3 billion in the first quarter. This marks the highest quarterly value since 2001 and is more than double than the previous quarter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea china agree to launch 1bn ma fund Arab Today, arab today south korea china agree to launch 1bn ma fund

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea china agree to launch 1bn ma fund Arab Today, arab today south korea china agree to launch 1bn ma fund

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday