Nuri’s Apivio acquisition could boost B.C.-Korea investment flow

M&A |  Korean telecom group’s Canadian entry bodes well for local technology-sector expansion
by Chuck Chiang, Business in Vancouver

The recent acquisition of a Vancouver-area tech company by a South Korean multinational via compulsory means – the first such case in Canada – could signal the start of a bigger spike in cross-investment between B.C. and its fourth-largest trading partner.

What has caught the eyes of observers is the manner of acquisition, and the source. South Korean companies have not been known to be major merger-acquisition players in the global market, and a Korean company’s decision to take over a Canadian firm might signal Seoul’s increased interest in B.C., especially in sectors other than the usual areas of trade between Canada and South Korea.

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