Chemical Firms Absorb Units to Boost Profitability, Efficiency

SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s major chemical companies are bulking up by absorbing their advanced material-producing affiliates in a move to increase their profitability amid the global economic slowdown, market watchers said Sunday. In recent months, three chemical firms have announced they will absorb their wholly owned subsidiaries to streamline their chemical [...]