SEOUL, Sept. 13 (Korea Bizwire) – The chief of Hanjin Group, the parent for ailing shipper Hanjin Shipping Co., has borrowed 40 billion won (US$36 million) from banks in order to help the group’s cash-strapped shipping line, sources said Tuesday. Cho Yang-ho, chairman of the logistics conglomerate, has pledged to provide some of his private [...]
“When we want to bring corporate sponsors on board, there has to be some mutual benefits. We must convince the companies of the benefits they will enjoy if they sponsor the Winter Olympics. Early on, we didn’t do a great job of that. Nonetheless, many companies do believe that they’ll provide support to ensure the [...]
SEOUL, May 8 (Korea Bizwire) – As the financial results of Korea’s major corporations worsen, the corporate tax receipts paid by the companies have also shrunk. According to the Financial Supervisory Service and FnGuide, a financial information provider, on May 7, the 87 affiliate firms within the top-ten business groups posted the pretax net profit at 50.9 [...]