Holding Company Archives | Be Korea-savvy
SK Telecom to be Split into Two, Holding Company to Oversee Non-mobile Biz

SK Telecom to be Split into Two, Holding Company to Oversee Non-mobile Biz

SEOUL, April 14 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it will create a new holding company for its non-mobile subsidiaries to accelerate growth in promising fields and tighten its grip on its chipmaking unit, SK hynix Inc. The telecom operator said that it will conduct a spinoff to [...]

Samsung Affiliate Required to Sell Additional Stake in Group’s Holding Firm: FTC

Samsung Affiliate Required to Sell Additional Stake in Group’s Holding Firm: FTC

SEJONG, Dec. 21 (Korea Bizwire) — A Samsung Group affiliate will be required to sell an additional stake in the de facto holding company of South Korea’s No. 1 conglomerate as a merger that took place in 2015 has effectively strengthened cross-shareholding ties within the business group, the country’s corporate watchdog said Thursday. In 2015, [...]

Hyundai Robotics Meets Requirements for Holding Company

Hyundai Robotics Meets Requirements for Holding Company

SEOUL, Aug. 2 (Korea Bizwire) — Hyundai Robotics said Wednesday that it has secured a more than 20 percent stake in its listed affiliates in a move that made it eligible to become the holding company of Hyundai Heavy Industries Group. The company said it acquired the stocks through an open takeover offering that raised [...]

Samsung to Review Holding Company Structure Regardless of Chief’s Detention

Samsung to Review Holding Company Structure Regardless of Chief’s Detention

SEOUL, March 14 (Korea Bizwire) – Samsung Electronics Co. has been considering whether to transition into a holding company structure, regardless of the leadership vacuum caused by the detention of its de facto chief, Lee Jae-yong, a senior company executive said Tuesday.  Samsung announced last November that it will review a possible switch to a [...]