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East Asian Economic Review Vol. 2, No. 2, 1998. pp. 3-44.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.1998.2.2.14

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A Study on Cross-Border Mergers and Acquisitions and Their Implications to Market Contestability

Author

Yunjong Wang

Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

In order to motivate the industry and market to transfer from old to new one, we should activate enterprise’s going in and out of the market. Mergers and Acquisitions (M&A) is an important method for their going in & out to be more flexible and for the whole market to improve its competitiveness. But if the purpose of M&A is to exclude competitiveness, we have to work out some control measures from the prospect of competition policy in order to make sure the M&A does not stand in the way of the competitiveness of the whole market. On the other side, it is predictable that after the financial crisis, multi-national M&A will not only be the channel for foreign investment preparation, but also will help transfer the monopolistic and closed market structure in Korea to be an more competitive and open one, thus make positive effects to the Korean market. Especially in terms of International market competitiveness, it is expected that the liberalization of multi-national M&A is more and more important as the motive power for leading world’s economy to unite together.

JEL classification: F23, G34

Keywords

Mergers and Acquisitions, International Business

Language

Korean

References

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