Articles by 최희석
S. Koreans’ spending drops to record low in Q2
[ THE INVESTOR ] The ratio of South Korean households’ disposable income to consumption fell to a record low during the second quarter of the year, Statistics Korea said Aug. 19. According to Sta...
August 19, 2016
S. Koreans’ tobacco and alcohol spending rise in Q2
[ THE INVESTOR ] South Koreans cut back on education spending, but ponied more up for tobacco and alcohol products during the second quarter of the year compared to a year ago, data showed Aug. 19...
Income inequality deepens in Q2
[ THE INVESTOR ] South Korea’s income inequality worsened in the second quarter of the year, Statistics Korea data showed on Aug. 19. According to the data, the income of households in the bottom...
Samsung Heavy to raise 1.1 trillion won with new shares
[ THE INVESTOR ] Samsung Heavy Industries will issue 159.12 million new shares with the aim of raising about 1.1 trillion won (US$984 million). The plans were approved in a board of directors me...
STX creditors deny sale rumors
[ THE INVESTOR ] The creditors of STX Corporation on Aug. 19 denied reports they are preparing to open bids for the company. STX Corporation was the holding company of STX Group, and is current...
S. Korean, Chinese business meeting called off over THAAD
[THE INVESTOR] A conference of South Korean and Chinese business leaders has been called off over issues surrounding a US missile defense system. According to the Federation of Korean Industries, th...
Samsung Heavy mulling project management, outsourcing shipbuilding
[ THE INVESTOR ] Samsung Heavy Industries CEO Park Dae-young said on Aug. 19 the company may offer project management and operating and maintenance services. Speaking at a shareholders meeting, ...
Samsung Heavy preps for capital increase
[ THE INVESTOR ] Samsung Heavy Industries on Aug. 19 raised the ceiling on the number of shares it can issue by 200 million, in preparation for raising capital. With the changes, the maximum num...
KB Investment to oversee Jeil Holdings’ IPO
[ THE INVESTOR ] KB Investment & Securities is to be selected to oversee the initial public offering of Jeil Holdings, local media reported Aug. 19. Jeil Holdings is the holding company of Harim ...
Samsung Life’s plans to raise stakes in affiliates fuel speculation
[ THE INVESTOR ] Samsung Life Insurance ’s plans to raise its stakes in financial affiliates is again adding weight to speculation the company is seeking to become the holding firm for Samsung Gr...
August 18, 2016
Bids for Sambu Construction to be reopened
[ THE INVESTOR ] Sambu Construction is to be put up for sale within the month, local media reported Aug. 18. Reports citing unnamed finance industry sources said the company’s creditors are prepar...
Military Mutual Aid Association to invest 40m euros in European infrastructure fund
[ THE INVESTOR ] South Korea’s Military Mutual Aid Association announced Aug. 17 it will invest 40 million euros (US$45.3 million) in the latest Macquarie European Infrastructure Fund. The latest ...
S. Korean economy to slow further in H2: think tank
[ THE INVESTOR ] The country’s economic growth will slow further during the second half of the year, the POSCO Research Institute projected on Aug. 18. In its second half outlook report, the ins...
Samsung Life to raise stakes in Samsung Fire, Samsung Securities
[ THE INVESTOR ] Samsung Life Insurance plans to acquire additional stakes in Samsung Fire and Marine Insurance and Samsung Securities Aug. 18. The move is thought to be part of Samsung Grou...
KDB planning major capital increase for DSME
[ THE INVESTOR ] The Korea Development Bank is planning a large-scale capital increase for ailing shipbuilder Daewoo Shipbuilding and Marine Engineering within the year, local media reported Aug....
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