SEOUL, Aug. 10 (Korea Bizwire) — Chief executive officers of South Korea’s major listed companies have sold a large amount of their company shares this year amid a bear market, a corporate tracker said Wednesday. The CEOs of the country’s top 500 firms by market cap sold a combined 227 billion won (US$174 million) worth [...]
SEOUL, March 29 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of Hanwha Group, said Monday it will raise 1.2 trillion won (US$1.06 billion) by selling stocks to finance new growth drivers. Hanwha Systems said it will give the existing shareholders the right to buy 78.68 million shares at 15,250 won per [...]
SEOUL, May 21 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest low-cost carrier, said Thursday it will raise 170 billion won (US$138 million) by selling stocks as part of self-help measures amid the new coronavirus impact on the airline sector. The rights issue is one of the options that Jeju Air has reviewed to [...]
SEOUL, May 13 (Korea Bizwire) — Korean Air Lines Co. said Wednesday it will raise 1 trillion won (US$820 million) by selling stocks as part of self-help measures amid the growing coronavirus impact on the airline sector. The rights issue is one of the options that Korean Air has reviewed to raise the capital needed [...]
SEOUL, April 20 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, is considering stock offerings worth up to 1 trillion won (US$820 million) as part of self-help measures amid the growing coronavirus impact on the airline sector, financial sources said Monday. Korean Air is in talks with major securities companies to raise [...]
SEOUL, Feb. 6 (Korea Bizwire) – Hyundai Motor Group Chairman Chung Mong-koo and his son offloaded part of their shares in the group’s logistics unit, Hyundai Glovis Co., at an estimated 1.1 trillion won (US$1 billion), industry sources said Friday. According to the sources, the two sold 5.02 million shares in the affiliate, which account [...]