Exit numbers in October were high thanks to the KRW 10 trillion ($9.4bn) merger of online messaging company Kakao, and internet portal Daum Communications, both based in South Korea.

Deal numbers were lower in October than in previous months, although the value of deals closed were high. There were 106 investments in the month worth $6bn, which compared with 157 investments worth $3.2bn in September. There were also eight exits and five initial public offerings (IPOs) worth $12.2bn.

The exit numbers were high thanks to the KRW 10 trillion ($9.4bn) merger of online messaging company Kakao, and internet portal Daum Communications, both based in South Korea. Kakao…