This study is looking for implications for South Korean corporations of cross-border M&A drive of Chinese corporations. Chinese corporations are propelling cross-border M&A because of the government’s policy change in control of foreign exchange reserves, its strategic consideration for natural resources security, acquisition of advanced technology and famous brand from advanced countries. Despite their longer history than Chinese counterpart, Korean corporations have not actively utilized the worldwide trend of global M&A due to lack of understanding about M&A as a new momentum for corporation growth. Therefore, South Korean corporations need to enlarge scale of cross-border M&A and increase its weight in the overseas investment.