SEOUL, Sept. 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, will hold a board meeting this week to discuss a spinoff of its battery business, people familiar with the matter said Wednesday. LG Chem could finalize its decision on the issue in an emergency board meeting on Thursday, they said. The [...]
SEOUL, Mar. 21 (Korea Bizwire) — SK Innovation Co., South Korea’s top oil refiner, said Thursday that its shareholders approved a plan to spin off a unit that focuses on the development of information and electronic materials. The spin-off underscores its commitment to fostering its new growth engine, SK Innovation said. With the latest move, [...]
SEOUL, Dec. 18 (Korea Bizwire) – The state-run Korea Development Bank (KDB) said Tuesday it supports GM Korea Co.’s plan to spin off its research unit, marking a reversal from the lender’s opposition to the controversial scheme that is also strongly opposed by the carmaker’s labor union. Lee Dong-gull, governor of the KDB, told reporters [...]
SEOUL, Nov. 22 (Korea Bizwire) — CJ Foodvill, the restaurant arm of food and entertainment conglomerate CJ, said Wednesday it will hive off its cafe chain to strengthen its competitiveness as a global brand. The company said its board members approved the plan to spin off A Twosome Place in early February 2018. There are [...]