SEOUL, April 18 (Korea Bizwire) – Samsung Construction & Trading Corporation announced Monday that it is introducing fine dust filtering systems and air quality control devices at its upcoming Raemian apartments in Sinbanpo and Seokgwan-dong, Seoul. The IoT Home Cube, a portable device developed by Samsung C&T’s residential engineering division, measures the fine dust concentration [...]
SEOUL, Nov. 28 (Korea Bizwire) – Last week, prosecutors began probing the $8-billion merger in 2015 between two Samsung affiliates – Samsung C&T and Cheil Industries – over the possibility that Choi Soon-sil, the center figure in Korea’s influence-peddling scandal, may have also been behind Samsung’s controversial deal. The merger faced strong challenges from individual [...]
SEOUL, May 31 (Korea Bizwire) – An appeals court ordered Samsung C&T Corp., the fashion and trading arm of South Korea’s top conglomerate, to increase the stock purchase price proposed to shareholders who were opposed to the company’s merger last year, court records showed Tuesday. Last year, Samsung C&T was formed out of a merger [...]
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 [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korean tech behemoth Samsung Group’s governance structure has been simplified by a series of mergers and asset sales, industry watchers said Monday, with the owner family solidifying its grip over the country’s No. 1 conglomerate. Samsung C&T Corp. was created in September as the group’s holding firm, which [...]
SEOUL, Nov. 2 (Korea Bizwire) – Everland amusement park will be adding a couple of rare panda bears to its animal roster, and will share them with the public starting next year. The resort construction sector of Samsung C&T Corporation signed an agreement with the wildlife protection society of China to cooperate on protecting pandas. [...]
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 [...]
SEOUL, Aug. 6 (Korea Bizwire) — U.S. hedge fund Elliott Associates said Thursday it has requested that Samsung C&T buy back part of its stake in the South Korean construction firm, a move in line with its opposition against a key merger deal carried out by the country’s top conglomerate, Samsung Group. Thursday is the deadline for [...]
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 [...]
SEOUL, Jul. 21 (Korea Bizwire) — Samsung C&T Co., a construction and trading arm of Samsung Group, said Monday that it plans to delist its depositary receipts (DRs) traded on the British stock market. In a regulatory filing, Samsung C&T said it will report its plan to the British financial authorities this week. The DRs, [...]