Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
3
[Weekender] How DDP emerged as an icon of Seoul
![[Weekender] How DDP emerged as an icon of Seoul](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050915_0.jpg&u=)
-
4
Tensions heighten ahead of first president-opposition chief meeting
-
5
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
![[Weekender] How DDP emerged as an icon of Seoul](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050915_0.jpg&u=)
-
6
Seoul to provide housing subsidy to married couples with newborns
-
7
[Music in drama] An ode to childhood trauma
![[Music in drama] An ode to childhood trauma](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050929_0.jpg&u=)
-
8
'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
-
9
Rapper jailed after public street fight with another rapper
-
10
New head of doctors' association vows war in case of disadvantage to medical professors
![[Music in drama] An ode to childhood trauma](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/25/20240425050929_0.jpg&u=)
[THE INVESTOR] Cheil Worldwide, an advertising unit of Samsung Group, said on June 13 that talks to sell a controlling stake to French ad giant Publicis Groupe have failed.
In a regulatory filing, the nation’s No. 1 ad agency said it was not in talks with any other firm.
“Talks between main stakeholders and the global advertising agency ended without a specific conclusion,” the company said.
Over the past week, media reports have speculated that Cheil was discussing stake sales with other companies, including a large Chinese property developer and a Korean privacy equity fund, after its failed talks with Publics.
The rumored stake sales are being carried out under Samsung Group’s business restructuring. Currently, a total 28.45 percent stake in Cheil is owned by Samsung C&T, Samsung Electronics and Samsung Card.
By Lee Ji-yoon (jylee@heraldcorp.com)
In a regulatory filing, the nation’s No. 1 ad agency said it was not in talks with any other firm.
“Talks between main stakeholders and the global advertising agency ended without a specific conclusion,” the company said.
Over the past week, media reports have speculated that Cheil was discussing stake sales with other companies, including a large Chinese property developer and a Korean privacy equity fund, after its failed talks with Publics.
The rumored stake sales are being carried out under Samsung Group’s business restructuring. Currently, a total 28.45 percent stake in Cheil is owned by Samsung C&T, Samsung Electronics and Samsung Card.
By Lee Ji-yoon (jylee@heraldcorp.com)
-
Articles by Korea Herald
![[Herald Interview] Mistakes turn into blessings in street performance, director says](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/28/20240428050150_0.jpg&u=20240428174656)
