reorganization Archives | Be Korea-savvy
Korea’s Top Shipbuilders Owe 100 Trillion Won

Korea’s Top Shipbuilders Owe 100 Trillion Won

SEOUL, May 30 (Korea Bizwire) – The accumulated debt for Korea’s top 9 shipbuilding companies – companies with more than 1 trillion won in revenue – has exceeded 100 trillion won. According to chaebul.com Sunday, the top 9 companies’ debt exceeded 102.6 trillion won in 2015. The figure tallies up all debt from the 9 [...]

Samsung Group Rules Out Further Reorganization of Businesses

Samsung Group Rules Out Further Reorganization of Businesses

SEOUL, Apr. 27 (Korea Bizwire) — A high-ranking Samsung Group official said the conglomerate will not roll out further reorganizations of affiliates, amid the rising rumor that the family-controlled giant will offload its credit card and construction businesses. “There are no more affiliates or businesses that will be offloaded,” said Kim Jong-joong, an official from [...]