Conglomerates

SEOUL, March 12 (Yonhap) -- South Korea's key business groups still prefer retired government officials as outside directors despite alleged bribery involving former President Park Geun-hye and some conglomerates, data showed Monday. A total of 46 former government officials were appointed by the ...

Seven of the country's largest conglomerates want the government to expedite the approval of their P350-billion offer to expand Ninoy Aquino International Airport. “The present approval process takes time, months to more than a year. The country would be well served if we can have a better Naia soonest,” ...

The group showed the highest rate of decrease among the 10 largest conglomerates in South Korea. It was followed by Hyundai Motor Group (5.28%, 11 subsidiaries), Samsung Group (4.44%, 16), Hanwha Group (3.85%, seven), and GS Group (1.55%, six). The Hyundai Heavy Industries Group, ...

In a rare team-up, seven of the country's largest and most powerful conglomerates -- Ayala Corp., JG Summit Holdings, Aboitiz Equity Ventures, Alliance Global Group, Metro Pacific Investments, LT Group and Filinvest Development -- have banded together with Singapore's Changi Airport Group as their ...

That is how one executive from a prominent New York-based landlord described the current position of the Chinese government's freshly imposed, forced liquidation of its top conglomerates' most valuable trophy real estate assets. In June 2017, Beijing singled out HNA Group, Anbang Insurance Group, ...

Even as China's fast-growing conglomerates have been viewed by many global investors and regulators with suspicion for their opacity and finances, they ... Beijing first put dealmaking conglomerates on notice last summer with a crackdown on their access to credit in the mainland and an edict barring ...

The authorities are investigating non-transparent conglomerates. If the situation worsens, this could lead to a loss of confidence in the Chinese leadership, Bernd Hartmann of VP Bank writes. In the last 10 years, the debt of Chinese companies has risen from 100 percent to 160 percent of GDP. In addition to ...

The Chinese government has seized control of Anbang Insurance Group Co. and prosecuted founder Wu Xiaohui for alleged fraud, adding momentum to the government's clampdown on extravagant, debt-financed foreign acquisitions by China's private conglomerates. The group's chairman Wu has been ...

Chaebols have played a role in supporting the hosting of mega-events in South Korea. Local conglomerates like Samsung and SK Group are sponsors for the Pyeongchang Olympics. Experts said the games are tricky terrain for chaebols to navigate given the recent corruption scandal that erupted in South ...

SEOUL, Feb. 19 (Yonhap) – The top 10 family-run business conglomerates, or chaebol, have seen their combined market capitalization slightly fall so far this year, data showed Monday. The decline was mainly due to sluggish performance by the stocks of Samsung Electronics Co. and Hyundai Motor Co., ...

As of Friday, businesses that have released their preliminary earnings reports and are among the country's 100 largest conglomerates posted 155.06 trillion won (US$143 billion) in operating profit on sales of 1,525.25 trillion won, CEO Score said in a statement. Operating profits surged 45.8 percent, with ...

THE seven conglomerates who submitted their unsolicited bid to redevelop the Ninoy Aquino International Airport (Naia) is tapping Singapore's Changi Airport International as its technical partner. “Yes, the consortium agreed that Changi will be our technical partner,” Jose Ma. K. Lim told reporters. “We only ...

Among the 15.3 trillion won of dividends paid by companies affiliated with the top 10 conglomerates last year, foreigners received 7.11 trillion won, according to the Seoul-based corporate tracker Chaebul.com. The ratio of foreign dividend payouts rose from 43.7 percent of the total in 2016 to 46.3 percent in ...