EY Han Young and Deloitte Anjin’s deal value rankings in the financial advisory market in South Korea surged in the first nine months of 2016, industry data showed Wednesday.

According to Mergermarket’s league table, Credit Suisse topped the Korean financial advisory market by clinching five deals worth $5.8 billion in the three quarters this year, followed by Samil PwC with $5.1 billion and Morgan Stanley with $4.2 billion. The top three saw their deal value this year fall by about 85 percent, 84 percent and 89 percent, respectively.


EY’s deal value jumped 890 percent to $3.7 billion, and Deloitte, 540 percent to $3.6 billion, in the same period. EY and Deloitte’s rankings soared to fourth and fifth this year from 25 and 22 last year, respectively, in the same period of last year, the data showed.

In terms of deal count, PwC ranked the first with 21 deals in the three quarters this year, followed by Deloitte with 15. EY with 12 and KR & Partners with 6. 


EY Han Young’s transaction advisory service leader Jung Ki-hwan attributed EY’s increased deal value to scouting scores of experts in M&A consulting and restructuring.

“From late last year to early this year, we recruited 20-30 experts from consulting firms, private equities and securities firms. That seems to have contributed to increased deal-making,” Jung said.

Deloitte Anjin’s spokesperson Hannah Chang said a third-quarter deal to sell Samsung Electronics’ print business to HP, which amounted to 12 trillion won ($10.8 billion) in deal value, helped it increase the total deal value this year.

Meanwhile, strong Chinese activity boosted Asia-Pacific’s outbound M&A deals to achieve a new record in the third quarter, Mergermarket said.

Chinese 201 deals worth $141.2 billion accounted for a record 85 percent of Asia’s outbound deal value, it said.

By Kim Yoon-mi (yoonmi@heraldcorp.com)