• Samsung speeds up realignment

    Group expected to merge construction units soon Samsung Group is accelerating its move to realign its affiliates through merger and acquisition (M&A) to foster a next cash generator and diversify its revenue portfolios. The nation’s biggest conglomerate said that the group needs to reduce its dependence on Samsung Electronics both…

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  • East Asia

    Guy Sorman’s Special Lecture on “Philanthropy and Welfare” for IGE

    On April 03, the distinguished French scholar delivered a special lecture on “Philanthropy and Welfare” as part of IGE’s Distinguished Lecture Forum. The following is an excerpt prepared by the Institute of Global Economy(IGE, Sakong Il). The Asia N postes the excerpt with some revisions. Thanks owed to IGE. -Editor’s…

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  • Multiple mishaps hit Hana Bank

    Hana Bank is set to go through a period of turbulence, with the forthcoming sanctioning of its CEO and its losses in a fraudulent loan scandal topping the list of its troubles. The Financial Supervisory Service (FSS) informed its CEO Kim Jong-jun, Monday, of plans to sanction him for his…

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  • East Asia

    Samsung, Microsoft restore relations

    Ultimately, there are no enemies or friends among businesses as they pursue partnerships to advance their own interests according to market situations. “Frenemies,” an urban term that describes people who are both friends and enemies, is a more appropriate word choice for companies’ relationships with each other. Backed by the…

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  • Bank of China’s Seoul branch penalized

    The Seoul branch of the Bank of China has been punished for violating rules on currency trading, regulators said Tuesday. It’s the first time that a Chinese bank has been sanctioned by regulators here. One of its employees received a disciplinary measure regarding the case, according to the Financial Supervisory…

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  • East Asia

    New jury makes Samsung uneasy

    Officials of Samsung Electronics showed mixed feelings for the newly formed jury which will review the blockbuster patent infringement case involving Samsung and Apple. On the first day of the second round of their legal battle, Judge Lucy H. Koh of the San Jose court selected new jurors. The jury…

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  • Annual salaries of Korean tycoons revealed

    Former SK Group Chairman Chey Tae-won received the biggest paycheck last year among listed firms’ CEOs and executives, earning 30.1 billion won from the group’s four affiliates, according to the firms’ business reports filings, Monday. Chey received the biggest paycheck as he served as a director of the board of…

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  • East Asia

    Samsung SDI plans to acquire Cheil

    Samsung SDI, the battery making unit of Samsung group, will acquire electronics materials affiliate Cheil Industries, the company said Monday. “SDI plans to acquire Cheil by offering Cheil shareholders 0.44 SDI share for each Cheil share,” SDI and Cheil said in a joint statement, early Monday. The plan is subject…

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  • East Asia

    [Asia Round-up] China’s shadow banking

    Editor’s note: Followings are summaries of editorials from major Asian media on current issues. China’s shadow banking The so-called “Fragile Five” have been scrambling to raise interest rates to curb inflation: Turkey, South Africa and India have all done so. This matters to Malaysia though its economy is fairly resilient.…

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  • East Asia

    [Asia Round-up] Taiwan’s challenges over its sovereignty

    By the NUMBERS Taiwan’s challenges over its sovereignty The debate over Taiwan’s sovereignty, status as a nation-state or part of China is being rekindled with its recent loss of diplomatic ties with Gambia. Many speculate about Taiwan’s position and role in the international community. In light of this, Taiwan’s “soft…

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