SEOUL, Jan. 16 (Korea Bizwire) — Lotte Chemical Corp. said Monday it is selling its subsidiary in Pakistan to a local chemical company for 192.4 billion won (US$156 million) as part of efforts to streamline its business with a focus on advanced materials and eco-friendly products. Lucky Core Industries, a Pakistani chemical company, will take [...]
SEOUL, Jan. 22 (Korea Bizwire) — KT Corp, major South Korean telecommunications giant, said Friday it has agreed to sell its radio communications business affiliate to local security equipment maker IDIS Ltd. KT said the company will sell its 44.85 percent stake in KT powertel Co. to IDIS for 40.6 billion won (US$36.7 million). IDIS [...]
SEOUL, June 16 (Korea Bizwire) — Cash-strapped Doosan Group plans to sell its key construction equipment maker unit Doosan Infracore Co. as part of its self-rescue measures to receive financial support from creditor banks, industry sources said Tuesday. South Korea’s 15th-largest conglomerate is seeking to sell its shares and assets to improve its financial structure [...]