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The Korea Herald

Industrials

January 15, 2019
Debt-ridden KNOC to sell UK-based Dana Petroleum

[THE INVESTOR] Troubled Korea National Oil Corp. is poised to sell more overseas assets -- this time, Dana Petroleum -- to cut down on debts and improve its financial health, industry sources said on Jan. 15. State-run KNOC, which has declared 2019 as “the year of emergency management,” is curr...
January 10, 2019
Samsung Heavy targets US$8b in new orders this year

[THE INVESTOR] Samsung Heavy Industries said on Jan. 10 that it is aiming to clinch US$7.8 billion worth of new orders this year. The figure marks a 24 percent hike from last year’s tally. The shipyard also aims to post US$6.4 billion in sales this year, up 29 percent from last year, it s...
January 08, 2019
Hanjin Heavy’s Philippines unit files for court receivership

[THE INVESTOR] Korean shipbuilder Hanjin Heavy Industries & Construction said on Jan. 8 that its offshore unit in the Philippines has filed for court receivership. Its wholly owned subsidiary operates Subic Shipyard, 80 kilometers northwest of Manila. The company’s restructuring will be author...
December 30, 2018
SK Innovation to showcase flexible display part at CES

[THE INVESTOR] SK Innovation said on Dec. 30 it will showcase a key part of flexible displays at the CES 2019 slated for next month in the United States. The company said it will introduce its flexible cover window, which is utilized in flexible displays. SK Innovation has been making various ...
December 28, 2018
Five conglomerates resolve cross-shareholding structure

[THE INVESTOR] Samsung Group and four other major conglomerates have completely ended their circular cross-shareholding structures, Korea’s antitrust watchdog said on Dec. 28. The four other big business groups are retail giant Lotte, Hyundai Heavy Industries Group, Daelim Group and Hyundai D...
December 26, 2018
Asiana Airlines to hold 44% stake in Air Busan after IPO

[THE INVESTOR] Asiana Airlines said on Dec. 26 its stake in its affiliate Air Busan will stand at 44.17 percent after the budget carrier’s planned stock market debut, nearly unchanged from the current level. As the largest shareholder it currently holds a 46 percent stake in Air Busan, which ...
December 18, 2018
Korean Air to levy no-show fee on abuse by K-pop fans

[THE INVESTOR] Korean Air announced on Dec. 18 it has decided to levy a no-show fee on all international flights from next year as several passengers, mostly K-pop fans, are causing inconvenience for others with their behavior. The nation’s largest air carrier said it will charge an additional 2...
December 09, 2018
Air carriers face criticisms over air mileage system

[THE INVESTOR] Passengers’ air miles earned on South Korea’s full-service air carriers and their partner airlines after July 1, 2008 are set to begin to expire on Jan. 1, sparking criticism that they should give more time and more options for customers to spend them. In the face of customers...
November 25, 2018
KT chairman apologizes for chaos after fire

[THE INVESTOR] Amid efforts to recover from the fire that broke out in the basement of KT’s building in western Seoul, South Korea’s No. 2 mobile carrier on Sunday apologized for the communication chaos caused by the blaze and emphasized its willingness to compensate those affected. KT Chairman...
November 25, 2018
Patent court lowers language barrier for foreign litigants

[THE INVESTOR] Korea’s judicial system, especially its patent trial system, has long been noted for its advanced electronic procedure, relatively low litigation expenses and highly qualified human resources. But to promote its global status and to appeal to multinational businesses, it has also...
November 23, 2018
Air Busan to list shares on KOSPI in Dec.

[THE INVESTOR] Air Busan said on Nov. 23 it will list its shares on the country’s main stock exchange in late December. The budget carrier has obtained preliminary approval from the Korea Exchange for the initial public offering. It aims to raise funds worth 18.7 billion won (US$16.56 million...
November 22, 2018
Air Busan wins preliminary approval for IPO

[THE INVESTOR] Low-cost carrier Air Busan won approval on Nov. 22 for its planned initial public offering on the country’s main exchange, the bourse operator said. After conducting a preliminary screening, the Korea Exchange said it found Air Busan suitable for going public on the KOSPI marke...
November 22, 2018
SK invests W300b in Chinese VC Legend Capital’s fund

[THE INVESTOR] SK Group has injected 300 billion won (US$256.64 million) in a fund created by China’s leading venture capital firm Legend Capital, according to industry sources on Nov. 22. SK China, the conglomerate’s Chinese holding firm, has participated as a limited partner in the US$600 mil...
November 15, 2018
CJ emerges as No. 1 employer among top conglomerates

[THE INVESTOR] Food and entertainment giant CJ Group has emerged as the largest employer among the top 30 business groups in Korea over the past year, a corporate tracker said on Nov. 15. CJ’s workforce stood at 26,565 as of the end of September this year, up 28.2 percent, or 5,849 employees,...
November 13, 2018
LG Corp. makes list of top 20 social value firms worldwide

[THE INVESTOR] LG Corp., the holding firm of Korea’s No. 4 conglomerate LG Group, has made the list of the top 20 socially valuable companies in the world, industry sources said on Nov. 13. LG earned 79 points out of the full 100 in the societal return on investment survey by US pollster Harr...

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