Korean Banks are attempting to expand abroad through cross-border M&A as the domestic market gets saturated. And many banks are expected to show up on the market as the fiscal crisis in Europe progresses. However, Korean banks' lack of experience in cross-border M&A may lead to the winner's curse.
This paper looks into the Korean banks cross-border M&A cases and lists drawbacks from the strategic point of view. Recent cross-border M&A experiences of RBS, Santander and Fortis are also analyzed to find strategic strengths and weaknesses. Finally, lessons are derived from case studies of recent cross-border M&A experiences of RBS, Santander and Fortis.
은행의 국경간 인수 합병 사례분석 및 시사점(Case study on cross-border M&As and strategic implications for Korean banks)
|Series Title; No||KIF 금융리포트|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Financial Policy|
|Holding||한국금융연구원; KDI 국제정책대학원|