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.
To read the full article, please click here.