SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top financial regulator will set up an entity that mainly deals with corporate restructuring later this year to put government-led workout programs in private hands, officials said Thursday. In a report submitted to the parliament, the Financial Services Commission (FSC) said it has inked a memorandum of [...]
SEOUL, Oct. 16 (Korea Bizwire) – As much as 10 percent of all stocks held by the owner families of top-30 conglomerates is being pledged as collateral for their loans with banks and other financial institutions. Of these, the collateral-to-stock ratios of seven business groups including Doosan, Dongbu, and Hanjin were in excess of 50 percent while [...]
SEOUL, Sept. 11 (Korea Bizwire) – In time for kimjang season, Korean traditional process of preparation and preservation of kimchi, Dongbu Daewoo Electronics rolled out its new kimchi refrigerator Smart Klasse to get a head start in the competitive kimchi fridge market right after the Chuseok holiday. Koreans usually prepare kimchi for the winter season [...]