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Reporter : Anna J. Park
Wed, February 21, 2024 | 11:33
Asiana Airlines' cargo business up for sale
Upon receiving a conditional approval from the European Union (EU) over the merger between Korean Air and Asiana Airlines, the sale of Asiana Airlines' cargo business has officially kicked off, as selling off the freight arm was part of the conditions to receive the EU grant over the merger deal.
Proxy fights expected to rise at upcoming shareholders meetings
The upcoming regular shareholders meeting season starting next month is expected to see a rise in the number of proxy contests due to the increased activity of various activist funds and minor shareholders submitting shareholder proposals. This trend also corresponds with the government's recent focus on enhancing the corporate valuation of domestic companies in stock markets.
[INTERVIEW] Global private equity firm sees opportunities in power generation, transport in climate sector
During the past decade, Hillhouse Investment, a major global private equity firm (PEF) with its assets under management (AUM) standing at $73.3 billion, has been strengthening investment in the climate technology sector, as the firm sees opportunities in the energy transition and transport industries.
Largest shareholder of Kumho Petrochemical goes after managerial control again
From left are former Kumho Petrochemical executive Park Chul-whan, Kumho Petrochemical Chairman Park Chan-koo and Kumho Petrochemical President Park Jun-kyung / Photos credited to Yonhap, courtesy of Kumho PetrochemicalBy Anna J. Park Former Kumho Petrochemical Senior Vice President Park Chul-whan has teamed up with Tcha Partners Asset Management to initiate a move to ra...
Will M&A market for insurance companies revive this year?
Lotte Insurance, which will soon be officially put up for sale, is expected to gauge the market sentiment.
Investors hit by ELS losses demand public audit of financial authorities
Investors who have incurred significant losses from equity-linked securities (ELS) tied to Hong Kong's Hang Seng China Enterprises Index (HSCEI) have requested the Board of Audit and Inspection of Korea (BAI) to investigate financial authorities. They argue that there have been serious supervisory failures regarding this matter.
Gov't considers giving tax benefits to Booyoung, employees for baby bonuses
After Booyoung Group's recent announcement to pay a combined 7 billion won ($5.25 million) in cash for 70 babies born to its employees after 2021, the government is considering offering tax benefits both to the company and the employees over the childbirth bonus.
Korea to release draft of corporate ESG disclosure standards by April
The Financial Services Commission (FSC) plans to release a draft of environmental, social, and corporate governance (ESG) disclosure standards, which will apply to companies listed on the Korean stock exchanges. This draft is scheduled to be released between March and April, according to the financial regulator.
Card transactions by tourists in trendy Seongsu-dong soars 973% since 2019
Since the end of the COVID-19 pandemic, the spending patterns of tourists in Seoul have shifted towards seeking more enjoyable experiences in trendy districts within the capital city. This marks a departure from their previous focus on shopping-centric activities in commercial districts.
EcoPro Materials, Hanjin KAL join MSCI Korea index
EcoPro Materials' stock price soared during Tuesday's trading session, following its new addition to the MSCI Korea Index, which was announced earlier in the day.
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