1. Deals Analysis
April 5, 2021updated 15 Apr 2021 10:58am

Republic of Korea (South Korea)’s technology industry sees a drop of 6.52% in deal activity in February 2021

By Carmen

Republic of Korea (South Korea)’s technology industry saw a drop of 6.52% in overall deal activity during February 2021, when compared with the last 12-month average, led by Match Group’s $1.73bn acquisition of Hyperconnect, according to GlobalData’s deals database.

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A total of 43 deals worth $1.9bn were announced in February 2021, compared with the 12-month average of 46 deals.

Venture financing was the leading category in the month in terms of volume with 35 deals, which accounted for 81.4% of all deals.

In second place was M&A with eight deals accounting for 18.6% of overall deal activity in the Republic of Korea (South Korea)’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in Republic of Korea (South Korea)’s technology industry with total deals worth $1.8bn, followed by venture financing deals totalled $102.39m.

Republic of Korea (South Korea) technology industry deals in February 2021: Top deals

The top five technology industry deals accounted for 96.3% of the overall value during February 2021.

The combined value of the top five technology deals stood at $1.83bn, against the overall value of $1.9bn recorded for the month.

The top five technology industry deals of February 2021 tracked by GlobalData were:

1) Match Group’s $1.73bn acquisition of Hyperconnect

2) The $52.2m acquisition of Dunamu by Hanwha Investment & Securities

3) UTC Investment’s $22.25m venture financing of Influencial(welaaa)

4) The $14.04m acquisition deal with Fantagio by Artist Cosmetics and Mirae ING.Co.

5) DSC Investment, MegaStudy, NVESTOR, Shinhan Alternative Investment Management and Shinhan Venture Investment’s venture financing with Taling for $13.23m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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