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, Jan. 22 (Korea Bizwire) – Samsung Group’s B2B and B2C affiliate companies have scored favorable responses among consumers in Saudi Arabia. According to recent data, the Seoul-based electronics powerhouse has grabbed the top spot on the BrandIndex Buzz Rankings, an annual brand-perception monitoring report created by market research firm YouGov. Samsung Electronics recorded a [...]
SEOUL, Dec. 11 (Korea Bizwire) — “Raemian,” the brand for Samsung C&T‘s apartments, was ranked No. 1 for 15 consecutive years in the apartment brand category by BrandStock. According to the brand evaluation company on December 10, Raemian of Samsung C&T took the position in the apartment category by winning 829.7 points out of 1,000 in the [...]
SEOUL, Dec. 3 (Korea Bizwire) — As Samsung Group announced its annual president-level reshuffling results on December 1, the attention is now paid to the follow-up announcement on executive-level personnel change and the group affiliates’ organizational change. As for president-level change, the number of presidents sacked and appointed has been somewhat reduced from the last year. [...]
SEOUL, Sep. 26 (Korea Bizwire) — As Samsung SDS passed the preliminary review for the initial public offering on September 25, it expects to list its shares by November this year. The Samsung Group company plans to hold a public subscription by next month, with shares held by the group affiliates to be sold to third-party buyers instead [...]
SEOUL, Sept. 20 (Korea Bizwire) – With the honor that Samsung C&T garnered in the Grand Safety Award in MTR Safety Award sponsored by MTRC of Hong Kong, the construction company now tries to dispel Koreans’ worries over the recent sinkholes in southeast Seoul during its subway construction works in Seoul. Recently, the Hong Kong Transit Railway [...]
SEOUL, July 9 (Korea Bizwire) — The employees of Samsung Group were paid a bonus called “TAI” (target achievement incentive) on July 8. The incentive bonus, given twice a year, is paid in four different grades from “A” to “D” depending on each affiliate’s financial performance and the degree of achievement vis-à-visthe target. As the first-half TAI [...]
SEOUL, July 5 (Korea Bizwire) – South Korean companies’ overseas project investments are more likely to be accelerated as the nation’s official export credit agency has decided to make its first-ever equity investment in a Korean consortium-led privately-funded power plant in overseas market. The Export-Import Bank of Korea (Korea Eximbank) announced on July 3 that it [...]
SEOUL, Korea, Nov 11 (Korea Bizwire) - The Ministry of Gender Equality and Family and Samsung C&T will sign on November 11 an agreement to work together in building apartments with community-based childcare facilities and smart offices for parents who must stay home to care for children. Under the terms of the pact, the construction contractor will build [...]