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Loan Guarantees Among Conglomerate Affiliates Shrink in 2017

Loan Guarantees Among Conglomerate Affiliates Shrink in 2017

SEJONG, Dec. 28 (Korea Bizwire) – Loan guarantees among affiliates of South Korea’s large business groups sank in 2017 from a year earlier, the country’s corporate watchdog said Thursday. The total corporate debt payment guarantees made among units of 31 conglomerates reached 257 billion won (US$239 million) as of May 1, down 20 percent, or [...]

GS Home Shopping Launches Chinese Channel in Malaysia

GS Home Shopping Launches Chinese Channel in Malaysia

SEOUL, Oct. 20 (Korea Bizwire) – GS Home Shopping, a major South Korean home shopping operator, said Tuesday it has added a Chinese-language shopping channel in Malaysia to target deep-pocketed consumers in the Southeast Asian nation. The retail unit of GS Group joined hands with Astro Malaysia Holdings, a local broadcaster, to launch a shopping [...]

Korean Conglomerate Owners Employ Expedient to Inherit Wealth to Children

Korean Conglomerate Owners Employ Expedient to Inherit Wealth to Children

SEOUL, Nov. 12 (Korea Bizwire) – Something expedient but controversial, rising cases of wealth transfer taking advantage of lowered stock prices amid the stagnant economy among some owners of the domestic conglomerates, have come to the fore of late. According to Chaebul.com, as of November 6, minors who own stocks valued over 100 million won [...]

“Go Mobile” Strategy Helps GS Shop to Outpace Coupang, Popular E-commerce Player

“Go Mobile” Strategy Helps GS Shop to Outpace Coupang, Popular E-commerce Player

SEOUL, Oct. 29 (Korea Bizwire) – “Going mobile” seems to play increasingly major roles in e-business as a whole. And this trend is especially prominent in e-commerce market, a field in which old and new players are raging fiercer battles for more shares in the lucrative market.  GS Shop, GS Home Shopping(GSHS)’s online and mobile [...]