VICTOR, N.Y., May 7 (Korea Bizwire) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that David Klein, chief financial officer, will present at the Goldman Sachs Global Staples Forum on Tuesday, May 14, 2019, at the Goldman Sachs Conference Center, New York, N.Y. The presentation will be conducted [...]
SEOUL, Nov. 16 (Korea Bizwire) – South Korea is continuing efforts to create its own Goldman Sachs, with the government encouraging firms to become larger in size to compete with international investment banks. The Financial Services Commission (FSC) is pushing for the establishment of a major competitive South Korean investment bank by creating an environment where [...]
SEOUL, Oct. 11 (Korea Bizwire) — Global investment giant Goldman Sachs has invested US$30 million in a local bakery ingredients maker amid the rapid expansion of the country’s dessert market, the Korean firm said Wednesday. Sun-in Co. said the investment will be spent to improve its manufacturing and distribution facilities, as well as to develop [...]
SEOUL, Sept. 19 (Korea Bizwire) – Lotte Group’s decision to cut its losses on its Lotte Mart business in China is reportedly drawing interest from five to 10 potential buyers, according to sources in the investment banking industry. Speaking on conditions of anonymity, one source said, “The names of the firms involved in negotiations cannot [...]
BEIJING/SEOUL, Sept. 14 (Korea Bizwire) – Lotte Group has begun work to sell its discount store chain in China, company officials and an industry source said Thursday, as China steps up its retaliation against the South Korean retail giant due to its support for an advanced U.S. missile defense system. According to the sources, Lotte [...]
SEOUL, Jul. 4 (Korea Bizwire) — Some foreign investment banks have raised their growth forecasts for South Korea’s economy this year, thanks to better-than-expected exports and facility investment, a financial research institute said Tuesday. The Bank of Korea has upgraded its growth forecast for the country to 2.6 percent from 2.5 percent, citing improving exports, [...]
SEOUL, Sept. 10 (Korea Bizwire) — Dutch electronics giant Philips has expressed interest in taking over a stake in Coway, South Korea’s top water purification maker which has been put on the selling block, industry sources said Thursday. Last month, Seoul-based private equity fund MBK Partners picked Goldman Sachs as a lead manager of the sale [...]
SEOUL, Aug. 26 (Korea Bizwire) – Korean financial regulators will set up guidelines allowing brokerage firms in Korea, including branches of foreign companies, to sell overseas financial products like foreign bonds to local institutional investors together with foreign partners. The Financial Supervisory Service announced on August 25 that it had prepared such guidelines, and will make [...]
LONG BEACH, Calif., Jul. 8 (Korea Bizwire) — Hundreds of Southern California business owners are expanding their operations, realizing increased revenues and hiring more employees as a result of their participation in the Goldman Sachs 10,000 Small Businesses program operated out of Long Beach City College. Based on a report released today, 76 percent of [...]
![[In-depth] Foreign Investment Firms Put out Rosy Predictions for 2015 Korea Economy](http://koreabizwire.com/wp/wp-content/uploads/2014/12/34402175_m-800x512.jpg "[In-depth] Foreign Investment Firms Put out Rosy Predictions for 2015 Korea Economy")
SEOUL, Dec. 15 (Korea Bizwire) – Foreign investment firms are putting out a series of optimistic forecasts for the stock market in 2015, which are overall more generous than those of domestic firms. For example, Fidelity Worldwide Investment, the asset management firm with US$280 billion under management, said in a recent report on the Korean market for [...]