SEOUL, June 30 (Korea Bizwire) — Cheil Industries, the de facto holding company of Samsung Group, pledged Tuesday to deliver more dividends to shareholders and revamp its overall governance structure, as it seeks to convince investors ahead of a key shareholders meeting for a proposed merger with the group’s construction arm. The measures came as [...]
SEOUL, May 29 (Korea Bizwire) — Samsung Group heir apparent Lee Jay-yong saw the value of his stock holdings top 10 trillion won (US$9.02 billion) on Friday, three days after the conglomerate announced a plan to merge two key units. Based on Friday’s closing prices, Lee, vice chairman of tech giant Samsung Electronics Co., held [...]
SEOUL, May 26 (Korea Bizwire) – Cheil Industries and Samsung C&T, two key affiliates of South Korea’s top conglomerate Samsung Group, said Tuesday they are planning to merge by the end of August. “Under the merger agreement, subject to approval from the two companies’ shareholders, Cheil Industries will acquire Samsung C&T by offering 0.35 new [...]
SEOUL, March 31 (Korea Bizwire) — The head of Samsung Electronics‘ mobile division grabbed the title of the highest-paid executive in South Korea last year thanks to a hefty bonus for the division’s robust performance in 2013. Shin Jong-kyun topped the list of corporate executives’ annual salaries by getting paid 14.57 billion won (US$13.13 million) [...]