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More documents found in Cheong Wa Dae could revive old scandals
...d Tower in southern Seoul by retail giant Lotte Group, and include information on dealings involving...on about the former Navy chief pressuring the business group in 2008 to offer 770 million won ($687,...
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36 conglomerates to face debt assessment
... Bank and NongHyup Bank. Among them, Woori Bank was the creditor of 13 groups, including Samsung Group, LG Group and CJ Group -- three of five of the largest business groups in Korea. KEB Hana Bank extended loans to five g...
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Top court confirms four-year term for ex-Navy chief for bribery
...ons from 2008 to 2010, was indicted in March 2015 for pressuring two affiliates of the now-defunct STX Group in 2008 into offering 770 million won ($671,726) to his son's yacht firm in return for business favors. Jung Ok-keun, chief of Naval Operations from 2008 to 2010, arrives at the Seoul Centra...
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SM Group chief eyes more takeovers
SM Group will acquire more companies, including overseas shippers, to beef up its status in the sec...cluding TK Chemical and Namsun Aluminum. The business mogul expressed confidence that SM Line's sal...
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STX Shipbuilding ordered to compensate shareholders for accounting fraud
... 290 plaintiffs who sued the shipbuilder, former STX Group Chairman Kang Duk-soo and the accounting ...om 2003 to 2014, created and announced forged business reports and financial statements. "The plain...
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[Superrich] From poultry farmers to conglomerate chiefs
When poultry farming was a promising business in the mid-1970s, there were two high school students... was undergoing legal management in 2013. Harim Group took over STX Group’s core subsidiary Pan Ocea...
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British investor interested in taking over STX Shipbuilding, its French unit
... of intent to a local court to buy cash-strapped STX Shipbuilding Co. and its French unit up for sal...uilding was once affiliated with the now-defunct STX Group that had a business portfolio that ranged...
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France’s DCNS eyes French unit of STX Offshore
...table cruise ships with aims to diversify its business portfolio. “As STX is a current partner of D...s Fincantieri, Greece’s Privinvest Shipbuilding Group, Netherlands-based Damen Shipyards Group and G...
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Financial watchdog says 32 firms need restructuring
...red financially healthy. It put 19 companies in group D, meaning they should be placed on court rece...11 firms, meaning the companies should pursue business normalization by signing workout programs wit...
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STX Offshore in talks to ax shipbuilding contracts
STX Offshore & Shipbuilding Co., a local shipyard under court receivership, is in talks with its cu...Shipbuilding was affiliated with the now-defunct STX Group that had a business portfolio that ranged...
