With the U.S. dollar continuing strong this year, overseas private equity firms (PEFs) are snapping up Korean companies that are up for sale on the M&A market at a cheap price, while local private equity companies find themselves being pushed behind in price competitiveness. There have so far this year been seven major M&A deals worth over 500 billion won ($35.2 million), which were either completed or are currently in discussion, and five of the seven deals were snapped up by foreign PEFs.
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