SEOUL, Oct. 30 (Yonhap) – Samsung Group said Friday it has agreed to sell its chemical assets to Lotte Group for about 3 trillion won (US$2.63 billion), in its latest move to streamline its non-core assets to focus on its main stay tech business. Lotte Chemical Co. will acquire a 31.5 percent stake in Samsung [...]
SEOUL, Aug. 28 (Korea Bizwire) — Samsung SDI Co., the battery-making arm of South Korea’s top conglomerate, Samsung Group, said Friday it will buy the cell material division of its chemical affiliate, in a move to bolster competitiveness in the sector. Samsung SDI will take over the cell material unit of Samsung Fine Chemicals Co. [...]
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 1 (Korea Bizwire) – A new company integrating two Samsung Group companies, Samsung SDI and Cheil Industries, has set sail on July 1. The two companies had decided to merge with each other in March this year in board of directors meetings. The newly created company, which retained the name of Samsung SDI, will be [...]