South Korea’s biggest conglomerates are stepping up restructuring efforts as competition from China intensifies and US tariff threats loom.
Industrial groups with interests in steel, petrochemicals, retail, semiconductors and electric vehicle batteries have merged or sold off business units to streamline operations and raise cash.
The number of mergers and acquisitions in South Korea increased from 817 in 2023 to 930 last year, with their value rising from $50.8bn to $68.3bn, according to Dealogic.
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