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M&A : Management Focus (24)

  • º¸µµ : 2015.11.24 14:34
  • ¼öÁ¤ : 2015.11.24 14:34

1.°æÁ¦¡¤»ê¾÷ µ¿Çâ

1) ¼¼°è °æÁ¦ Àå±âÀü¸Á

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2) 2014³â ±â¾÷°æ¿µ ºÐ¼®

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2. M&A µ¿Çâ

1) ¸Å°¢ ŸÀ̹Ö

¿ì¸®³ª¶ó M&A ½ÃÀå¿¡¼­ ±â¾÷À» ¸Å°¢ÇÏ·Á´Â ±â¾÷ÀÇ ´ëÇ¥µéÀ» ¸¸³ª º¸¸é ¾ÆÁ÷ ¶§°¡ µÇÁö ¾Ê¾Ò°Å³ª ¾Æ´Ï¸é ÀÌ¹Ì ¶§¸¦ ³õÄ£ °æ¿ì°¡ ¸¹´Ù.

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ÀμöÀÚ ÀÔÀå¿¡¼­ °ËÅäÇÏ´Ù º¸¸é Àμö °¡°ÝÀº ³·¾ÆÁö°í °á±¹ ȸ»ç°¡ °í»çµÈ ÈÄ¿¡ Çæ°ª¿¡ °¡Á®¿À°Å³ª ¾Æ¿¹ °Å·¡ ÀÚü°¡ ¹«»êµÈ´Ù. ¹Ý¸é ¿ì¸®³ª¶ó¿¡¼­ ±â¾÷À» ÀμöÇÏ·Á´Â ±â¾÷Àº ¸Å°¢ÇÏ·Á´Â ±â¾÷°ú Á¤¹Ý´ëÀÇ Åµµ¸¦ °¡Áø´Ù.

ÀÚ»ç¿Í Å« ½Ã³ÊÁö°¡ ³ª´Â ȸ»ç, ¸ÅÃâ°ú ¼öÀͼºÀÌ ¼ºÀåÇϴ ȸ»ç, ±â¼ú·ÂÀ̳ª ¾ÆÀÌÅÛÀÌ ¿ì¼öÇÑ È¸»ç¸¦ ã´Â´Ù. »çÁ¤ÀÌ ÀÌ·¸´Ùº¸´Ï °Å·¡°¡´É¼ºÀº ¸Å¿ì ³·´Ù.

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2) Áß±¹ÀÇ ÄÚ½º´Ú±â¾÷ Àμö

2014³â Áß±¹±â¾÷Àº ÄÚ½º´Ú ½ÃÀå¿¡¼­ ´Ü ÇÑ °³ ¾Æ°¡¹æÀ» ÀμöÇß´Ù. ±×·¯³ª 2015³â 10¿© °÷ÀÇ ÄÚ½º´Ú ±â¾÷ °æ¿µ±ÇÀÌ Áß±¹ ÀÚº»¿¡ ³Ñ¾î°¬°Å³ª ³Ñ¾î°¥ ¿¹Á¤ÀÌ´Ù. Áß±¹ÀÚº»Àº Çѱ¹ ±â¾÷ÀÇ ±â¼ú°ú ³ëÇϿ츦 ´Ü½Ã°£¿¡ È®º¸ÇÏ·Á´Â ¸ñÀûÀ¸·Î ÄÚ½º´Ú ±â¾÷À» ÀμöÇÏ¿© ±â¼ú °ÝÂ÷¸¦ µû¶óÀâÀ¸·Á ÇÑ´Ù.

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È­ÀåÇ°¡¤¹ÙÀÌ¿À ºÎ¹®¿¡¼­µµ ¼ö¿ä°¡ ³ô¾ÆÁ® ÀÚº» À¯ÀÔÀº ¾ÕÀ¸·Îµµ °è¼ÓµÉ °ÍÀÌ´Ù. ±×·¯³ª °ú°Å Áß±¹ ÀÚº»ÀÇ ±¹³» ÁøÃâ ½ÇÆÐ »ç·Ê´Â ÁÁÁö ¾Ê¾Ò´Ù. 2005³â ½Ö¿ëÂ÷¸¦ ÀμöÇßÁö¸¸ 4³â ¸¸¿¡ ¼ÕÀ» ¶¼°í ¶°³ª¸é¼­ ¡®±â¼ú Å»Ãë' ÀÇȤÀÌ ÀϾú´Ù.

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ÀÏ°¢¿¡¼­´Â Áß±¹ÀÇ ÅÂÀÚ´ç(÷¼í­ÓÚ¡¤Áß±¹ Çõ¸í ¿ø·ÎÀÇ ÀÚÁ¦ ±×·ì) ÀÚ±ÝÀÌ Èê·¯µé¾î¿Â´Ù´Â ¾ê±â¿Í ÇÔ²² Çѱ¹ ±â¾÷À» Àڱݼ¼Å¹ °æ·Î·Î ÀÌ¿ëÇÏ·Á´Â °Í ¾Æ´Ï³Ä´Â ÀDZ¸½Éµµ ÀÖ´Ù. Áß±¹ ÀÚº»ÀÌ ÄÚ½º´Ú ±â¾÷À» ÀμöÇÒ µí ¼Ò¹®¸¸ È긮¸é¼­ ÁÖ°¡¸¸ ¿Ã¸®°í ÆÈ°í ³ª°¥ À§Çèµµ Á¸ÀçÇÑ´Ù(Á¶¼±ÀϺ¸, 2015.10.26.).

3. ±â¾÷Àü·«

1) Àå¼ö±â¾÷ ·Ð

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4. ¿µ¾î·Î Àд Çѱ¹°æÁ¦

S. Korea's 2015 global competitiveness ranking stays at 26th

South Korea's global competitiveness ranking for 2015 stays unchanged at its lowest point in a decade for the second year in a row as the country is weighed down by its uncompetitive labor and financial sectors. According to the report by the World Economic Forum (WEF), South Korea ranks 26th in its competitiveness index out of 140 countries surveyed this year. The 26th ranking is the lowest standing for the country in 10 years and significantly below the record high 11th place reached in 2007, and one notch below the 25th ranking of 2013. Switzerland kept its top position on the global competitiveness list this year, followed by Singapore and the United States. Germany and the Netherlands rounded out the top five, with Japan and Hong Kong coming in sixth and seventh places, respectively. China, the world's No. 2 economy, trailed at 28th place, unchanged from 2014, the report showed(Sept. 30, 2015, Yonhap).

Youth unemployment worse than during financial crisis

Unemployment among young people in South Korea is worse than the level reached during the global financial crisis. Government statistics have consistently showed unemployment among young people being two to three times higher than the national average. The employment rate for people in their 20s stood at 57.4 percent in 2014, down from 58.2 percent in 2009. The decline stems from fewer job opportunities for college and university graduates, and rise in part-time positions and internships(Sept. 29, 2015, Yonhap).

'Zombie companies' weigh on Korea Inc.

A growing number of South Korean companies failed to generate enough operating profit to pay tax and interest payments on their debt. 34.9 percent of the listed companies failed to make sufficient profit to pay down the principal on their debt, up from 24.7 percent in 2010.(Oct. 4, 2015, Yonhap).

Manufacturers' Q4 biz outlook still gloomy: poll

South Korea's major manufacturers are more pessimistic about business conditions for the fourth quarter of this year due to China's slowing growth and a potential interest rate hike in the U.S. The figure for big businesses stood at 76, compared with 88 for small and medium enterprises(Oct. 5, 2015, Yonhap).

S. Korea's R&D growth doesn't lead to higher productivity

Outward expansion of South Korea's research and development (R&D) has not led to meaningful improvements in productivity. Asia's fourth-largest economy ranked No. 6 in R&D investment in 2013, but it still suffered from a chronic deficit in the technology trade, with the quality of materials being produced lagging behind those of its rivals.(Oct. 12, 2015, Yonhap).

Domestic demand rebounding from Q2 slump amid weak exports

South Korea's industrial output and consumption are recovering from a second-quarter slump, but contracting exports and persistent uncertainties abroad are weighing down growth. Industrial output and private spending showed signs of improvement in August. Production edged up 0.4 percent on-month from minus growth in July(Oct. 8, 2015, Yonhap).

Price competitiveness of S. Korean exporters hits 6-year low

The price competitiveness of South Korean exporters has fallen to a six-year low mainly due to the strength of the currency. The price competitiveness of locally made goods stood at 45.4 in the third quarter, the lowest reached after the July-September period of 2009(Oct. 19, 2015, Yonhap).

BOK cuts growth outlook to 2.7 pct from 2.8 pct for 2015

South Korea's central bank marginally cut its 2015 and 2016 growth outlooks for the local economy, to grow 2.7 percent in 2015, down from a 2.8 percent growth forecast three months earlier. The central bank also revised down its growth outlook for next year to 3.2 percent from 3.3 percent(Oct. 15, 2015, Yonhap).

S. Korea's growth forecast to dip to 2 pct range in 2016

Global economic think tanks and investment banks (IBs) are predicting South Korea's growth to slide to the upper 2 percent range in 2016 due to slumping exports and weak domestic demand. The latest monthly Consensus Economic report showed overseas think tanks and IBs expect Asia's fourth-largest economy to grow at an average rate of 2.9 percent next year, down from a 3.2 percent estimate forecast in September(Oct. 26, 2015, Yonhap).

Labor reform crucial for long-term growth

The reform of South Korea's labor market is critical for long-term economic growth and can expand employment opportunities that benefit all sectors of society. South Korea's labor market is utterly outdated, resulting in a 'dual market' structure that has to be corrected(Oct. 21, 2015, Yonhap).

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