POSCO launches holding firm to develop non-steel biz
POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...
Nexon founder Kim Jung-ju dies at 54
Kim Jung-ju, the founder of global gaming giant Nexon Co. died in late February. He was 54.NXC Corp., the holding company of Nexon, announced on T...
Hyundai Heavy’s holding firm changes name to HD Hyundai
South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...
KAIST Holdings to open US offices with $8.4 bn value in mind
The Korea Advanced Institute of Science and Technology (KAIST) on Tuesday announced the blueprint to strengthen its foothold in the United States an...
LG Group improves dividend policy transparency
A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...
GS ups spending to take control of botox maker Hugel
South Korea’s energy-to-retail conglomerate GS Group has increased its spending to become the largest shareholder in Hugel Inc., the country's...
Conglomerates fight to keep their contents from 'NFT hunters'
South Korea’s retail giant Shinsegae Inc. was recently tipped off that its marketing character JRilla is available for trade on New York-based...
EcoPro BM execs may step down on alleged insider trading
EcoPro BM Co., South Korea’s leading battery material producer, is considering resignations of its key executives, including the holding compa...
POSCO wins shareholder support to launch holding firm
South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...
Hyosung's operaing profit reaches record $2 bn last year
Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...
NPS approves POSCO's split into holding firm, steelmaker unit
The National Pension Service (NPS) of Korea, the largest shareholder of POSCO Co., has given its nod to the steelmaking giant’s plan to spli...
Proxy advisors recommend NPS vote for POSCO split-off
South Korea's National Pension Service (NPS), the largest shareholder of POSCO Co., was recommended by all its four proxy advisors to vote for the s...
Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young
Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...
Tighter rules on business split-ups may benefit SK Inc.
As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...
GS launches corporate VC firm
GS announced the establishment of a corporate venture capital (CVC) firm Sunday, the first of its kind for a holding company in Korea. The announcem...
POSCO plans to cancel treasury shares in its holding firm
Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...
POSCO puts stability above reform in management overhaul
South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...
SK to co-invest $50 mn in US-based Fulcrum BioEnergy
South Korea's SK Inc. on Thursday said it would co-invest $50 million in the US-based Fulcrum BioEnergy with a domestic private equity fund, in a bi...
POSCO CEO says split-off units will never be listed
POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...
POSCO approves holding company plan for eco-friendly business
South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...
Former KIC real estate head to serve as ADQ's chief investment officer
Cha Hoon, the former head of real estate investment at Korea Investment Corporation (KIC) is moving to Abu Dhabi’s state holding firm Abu Dhab...
POSCO mulls holding company structure to raise enterprise value
South Korea's largest steelmaker POSCO is considering splitting up the company to launch an investment holding firm as part of efforts to enhan...
SK’s holding firm completes merger with materials arm
SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...
What to do with office buildings is biggest concern: POBA CIO
South Korea's Public Officials Benefit Association CIO Jang Dong-hun said on Wednesday that in the pandemic situation, POBA's real estate investment...
S.Korean companies stockpile record-level dollar holdings
South Korean companies have built up their dollar holdings to record levels, following record-breaking shipment growth this year, as rising raw mate...
S.Koreans' global stock, bond holdings at record high
South Korean investors maintained their buying spree in overseas equities and bond markets, with the balance of their holdings in both securities re...
Samsung shares' underperformance deepens on growth concerns, won
Shares of Samsung Electronics Co., South Korea’s largest stock on the main bourse, are significantly underperforming as analysts slash price t...
Woori Fin to move closer to privatization by year's end
The South Korean government will sell another big chunk of its remaining shares in Woori Financial Group by year's end to finally give up its top sh...
SK holds off indefinitely on petrochem unit stake sale
South Korea's SK Innovation Co. has put on hold indefinitely its plan to sell up to a 49% stake in SK Geocentric Co., formerly known as SK Global Ch...
Warehouse investments in Korea on hold after Coupang fire
South Korean landowners, in particular in the Seoul Metropolitan Area, were recently forced to stop negotiations with the would-be buyers of their l...
