SEOUL, Feb. 23 (Korea Bizwire) – SBW Group has declared its commitment to addressing South Korea’s declining birth rates by offering substantial childbirth incentives to its employees. During a campaign launch ceremony held at its headquarters in Yongsan-gu, Seoul, the conglomerate announced that from January 1 of this year, employees with over five years of service [...]
SEOUL, June 9 (Korea Bizwire) — South Korean underwear company Ssangbangwool said Thursday it has submitted a letter of intent (LOI) to acquire SsangYong Motor Co. with an auction scheduled later this month to find a new investor. SsangYong’s lead manager EY Hanyoung accounting firm received LOIs from interested companies for SsangYong until 3 p.m. [...]
SEOUL, April 9 (Korea Bizwire) — Ssangbangwool Group, a South Korean underwear company, said Friday it has submitted a letter of intent (LOI) to buy the debt-ridden automaker SsangYong Motor. Ssangbangwool’s bid came as a deal to buy SsangYong Motor by local electric bus and truck maker Edison Motors Co. collapsed late last month after [...]