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IBM Widening Market Presence in Korea

IBM Widening Market Presence in Korea

SEOUL, May 17 (Korea Bizwire) – Multinational technology firm IBM is aggressively enlarging its presence in South Korea, most recently adding financial tech to its list of services that already includes artificial intelligence (AI), robotics and security solutions, industry sources said Tuesday. The New York-headquartered company is exploring the local market for its “blockchain,” a [...]

Chaebol’s System Integrators Hike Internal Deals in 2014

Chaebol’s System Integrators Hike Internal Deals in 2014

SEOUL, April 27 (Korea Bizwire) — System integrators affiliated with South Korea’s family-run business groups increased internal transactions in 2014 despite the government’s efforts to curb excessive groupwide trades, data showed Monday. Internal transactions of the top 20 system integration subsidiaries of the family-run conglomerates, locally called chaebol, came to 8.36 trillion won (US$7.74 billion) [...]

Samsung Group Soon to Announce Reshuffling Affecting 600 Executives

Samsung Group Soon to Announce Reshuffling Affecting 600 Executives

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. [...]

Samsung Electronics Mulls a Merger with Samsung Medison

Samsung Electronics Mulls a Merger with Samsung Medison

SEOUL, Sep. 3 (Korea Bizwire) – Samsung Electronics is reviewing an idea of merging Samsung Medison, an unlisted medical equipment maker. In a regulatory filing on September 2, Samsung Electronics said, “We are currently considering whether to pushing forward with a merger with Samsung Medison. We will disclose later as soon as detailed decisions are made.” The electronic [...]

Samsung Heavy and Samsung Engineering Announce Blitzkrieg Merger

Samsung Heavy and Samsung Engineering Announce Blitzkrieg Merger

SEOUL, Sep. 2 (Korea Bizwire) – Two Samsung Group companies Samsung Heavy Industries and Samsung Engineering have decided to merge with each other in a board of directors meeting on September 1. The two companies will exchange shares at the ratio of 1 to 2.36. Samsung Heavy Industries will grant 2.36 shares to Samsung Engineering shareholders for every share [...]