SEOUL, March 23 (Korea Bizwire) — LG Display Co. is struggling to make profits this year with its focus on expanding its OLED business, its chief said Tuesday. The panel maker posted an operating loss of 29.1 billion won (US$25 million) in 2020, sharply narrowing from a loss of 714.5 billion won a year earlier, [...]
Amsterdam, the Netherlands, March 22 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) today convenes the 2021 Annual General Meeting of Shareholders (AGM) and publishes the agenda with explanatory notes. The agenda of the 2021 AGM includes proposals to reappoint Mr. Marnix van Ginneken as member of the Board of Management and to appoint Mrs. Chua [...]
SEOUL, March 17 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chip maker, said Wednesday it expects to see demand growth in various chip products with the economic recovery despite concerns over the novel coronavirus pandemic. Kim Ki-nam, who heads Samsung’s device solutions (DS) division, said that “uncertainties” will continue this year, but [...]
SEOUL, March 27 (Korea Bizwire) — Shareholders of Hanjin KAL Corp., the holding company of logistics-to-airline conglomerate Hanjin Group, on Friday approved the reappointment of the group’s heir apparent as a member of its board, bringing him a victory in a family feud over the group’s control. Hanjin Group Chairman Cho Won-tae, 44, defended his [...]
SUWON, March 18 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chip and smartphone maker, on Wednesday held its annual shareholders’ meeting here with strict health checks amid the spread of the novel coronavirus in the country. Samsung said only about 400 individual shareholders attended the meeting at a convention center in Suwon, [...]
SEOUL, March 16 (Korea Bizwire) — More South Korean companies are ramping up virus prevention measures for their upcoming shareholder meetings by adopting electronic voting to join the country’s efforts to stem the spread of the novel coronavirus. Of the some 2,300 listed firms here, a total of 314 companies, including Samsung Electronics Co. and [...]
DENVER, Oct. 2 (Korea Bizwire) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (“Sundance” or the “Company”) a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, is pleased to announce that the Federal Court of Australia has approved orders to convene a meeting of Sundance [...]
SEOUL, Mar. 20 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will propel technology innovations to tackle the unfavorable business environment and foster new growth drivers, such as artificial intelligence (AI) and 5G. The South Korean tech giant announced its business plan during a shareholder meeting, the first since a 50:1 stock split in [...]
SEOUL, Feb. 14 (Korea Bizwire) — More listed firms are expected to adopt electronic voting at shareholder meetings this year to make it easier to reach a quorum, corporate officials said Thursday. According to the Korea Securities Depository (KSD), 1,204 companies listed on the main and secondary bourses, or 57 percent of the total, had [...]
London, Nov, 29 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that the Extraordinary General Meeting of shareholders (“EGM”) held today in Amsterdam, the Netherlands, elected Hubertus M. Mühlhäuser and Suzanne Heywood as executive directors of the Company. Details of the resolutions submitted to the EGM and approved today are [...]