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Lotte Shopping Plans to Sell Retail Buildings to Improve Financial Standing

Lotte Shopping Plans to Sell Retail Buildings to Improve Financial Standing

SEOUL, Nov. 7 (Korea Bizwire) – Pushed by poor credit ratings by international rating agencies, Lotte Shopping plans to accelerate the process of improving its financial standing by selling retail properties. According to retail industry sources, Lotte Shopping, retail operator of Lotte Group, is in talks with Capstone Asset Management, an asset management firm specializing in [...]

Fitch: Corporate Acceptance of Bitcoin on the Rise

Fitch: Corporate Acceptance of Bitcoin on the Rise

NEW YORK, July 1, 2014 (Korea Bizwire)–Several recent events point to greater corporate acceptance of the virtual currency Bitcoin as a payment mechanism, according to Fitch Ratings. “apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app [...]