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Samsung C&T Stocks Plunge as Lower Demand Hits Bottom Line

Samsung C&T Stocks Plunge as Lower Demand Hits Bottom Line

SEOUL, May 17 (Korea Bizwire) – Shares in Samsung C&T Corp. have been on a downward curve since September when a merger of two major Samsung Group affiliates generated the construction-to-fashion holding company for Samsung Group, analysts said Tuesday.  They attributed the fall largely to the company’s drop in overseas orders and sluggish domestic demand for [...]

Samsung C&T Starts to Dispense Fashion Advice

Samsung C&T Starts to Dispense Fashion Advice

SEOUL, Sept. 23 (Korea Bizwire) — The apparel industry is channeling clothing into ‘strategy’ and is starting to offer image consulting services to businesses. Samsung C&T announced that it will launch a professional fashion coaching service called ‘Gentleman Company Project’. Gentleman Company Project is a business-to-business (B2B) project in which Samsung C&T, owner of various [...]

Elliott Returns Stockholder Certificate, All Eyes on the Possibility of Disposal

Elliott Returns Stockholder Certificate, All Eyes on the Possibility of Disposal

Seoul, July 28 (Korea Bizwire) - It has been reported that Elliott Management, an American hedge fund that filed lawsuits opposing the merger of Samsung C&T Corporation and Cheil Industries Inc., has returned its stockholder certificates for Samsung C&T Corporation, Samsung SDI and Samsung Fire Insurance to the Korea Securities Depository (KSD). Since the proposal to merge Samsung C&T [...]

More Defenses Urged to Fend off Hostile Takeovers

More Defenses Urged to Fend off Hostile Takeovers

SEOUL, Jul. 15 (Korea Bizwire) — South Korea’s listed firms called Wednesday for more defense mechanisms against hostile takeovers as the ongoing battle between Samsung Group and a U.S. hedge fund sheds fresh light on the country’s weak corporate governance structure and foreign investors’ sway over the local stock market. The Korea Listed Companies Association [...]

Samsung, Elliott Appeal to Koreans’ Emotions to Win Merger Showdown

Samsung, Elliott Appeal to Koreans’ Emotions to Win Merger Showdown

SEOUL, July 14 (Korea bizwire) – Paul Singer, CEO of Elliott Management, released an old photo of himself taken when he visited Seoul World Cup Stadium in 2002 while the co-host country was astonishing the world. With red shirts emblazoned with the “Be The Reds” slogan, he posed in front of the stadium together with his [...]

Pension Fund Likely to Nod on Samsung Merger Plan

Pension Fund Likely to Nod on Samsung Merger Plan

SEOUL, July 10 (Korea Bizwire) – South Korea’s national pension fund operator on Friday decided its official stance on a merger between key subsidiaries of Samsung Group, the country’s leading family-controlled conglomerate, but won’t disclose what the stance is for the time being, officials said. But sources say that the operator decided to support the [...]