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The domestic M&A market is also heating up this year as the industry shakeup has become active due to the Corona 19 incident.
The aviation industry, which was affected by the direct impact of Corona 19, is undergoing rapid restructuring, such as the acquisition of Asiana Airlines by Korean Air.
On the other hand, the remote services industry and the semiconductor industry, where the ‘random price’ is high, are gaining strength.
The investment banking (IB) industry’s interest in ‘Yogiyo’, a delivery apps company that is a ‘trillion unit’ for sale, is particularly hot.
Also expected this year are M&A deals aimed at avoiding next year’s intensified selection process for business combinations.
Analysts say both the number and number of M&A transactions this year are well above average.
◇ ‘Two billion ransom’ Yogiyo, the biggest sale
According to industry and related ministries on the 17th, the review of the “big fish” business combination, such as Korean Air’s acquisition of Asiana Airlines, continues this year.
In the case of Korean Air, on the 14th it filed a business combination statement related to the acquisition of Asiana Airlines shares with the competition authorities of nine countries, including Korea, the United States, Japan, China and the European Union ( EU).
Since its inception in 1988, Asiana Airlines, which has maintained its position as the second largest commercial operator in Korea, has been overwhelmed by the unreasonable expansion of its parent company.
Eastar Jet, which was unable to take over Jeju Air last year, recently requested corporate rehabilitation procedures.
In the IB industry, there are observations that Eastar Jet will proceed with the sale beginning in the first half of this year after going through the legal management process.
IB experts predict that the auto parts and shipbuilding equipment sectors have also suffered slow sales since before the Corona 19 incident, so several related companies are expected to go up for sale after legal management this year.
This year’s IB industry is paying attention to the Yogiyo delivery app.
Yogiyo’s selling price is estimated by the foodservice industry to be approximately 2 trillion won, which is half that of the delivery crowd (approximately 4.8 trillion won).
With the delivery app market growing rapidly just after Corona 19, competition for acquisition is expected to intensify.
Hyundai Motor Securities estimates that the number of transactions in the domestic delivery app market increased 10 times from 2015 (1.5 trillion won) to 11 trillion won last year.
The semiconductor industry, which benefited from growing demand for face-to-face products last year, also launched a merger and acquisition to expand production capabilities.
Representatively, SK Hynix has decided to acquire Intel’s NAND business by investing KRW 10.3 trillion, the longest M&A story in Korea.
◇ “Avoid the business combination test” … Rapid flow of mergers and acquisitions
It is also a variable for M&A transactions this year that the corporate defects test will be strengthened next year with the passage of the amendment to the Fair Trade Act.
One analysis suggests that mergers and acquisitions may emerge en masse from the second half of this year to the end of the year to avoid the review of the corporate mix next year.
Until the end of this year, if the total assets or sales of the acquisition target company do not exceed 30 billion won, there is no need to undergo a business combination review by the FTC.
However, starting next year, when the Fair Trade Law amendment takes effect, even if the sales amount is less than 30 billion won, if the transaction amount exceeds a certain scale, you must submit to an examination by the Fair Trade Commission.
If you buy a startup that is about to grow with a large amount of money, it means that you have to go beyond the selection of corporate combinations unlike in the past.
The FTC plans to clarify the criteria for the number of transactions in the business combination review by reviewing the subsequent enforcement decree.
“The M&A deals are emerging after the real economy worsens, including the Corona 19 incident.” Overall, this year’s M&A market is expected to be more abundant than in previous years. “
/ yunhap news
