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Fri, September 30, 2022 | 21:01
Growth slows on weak investments, consumption
Economic growth slowed in the first quarter on weak corporate investment and sluggish consumer spending, the Bank of Korea said Thursday.
Bondholders approve to reschedule debt of Hyundai Merchant
Bondholders of Hyundai Merchant Marine (HMM) approved Tuesday to reschedule debt worth 300 billion won of the cash-shorted shipper, helping the company clear a major hurdle for survival.
Samsung C&T ordered to increase stock purchase price
The Seoul High Court ordered Samsung C&T to increase its stock purchase price proposed to shareholders who opposed the construction company’s merger with Cheil Industries last year, court records showed Tuesday.
Fed negative on gov't pressure on BOK over restructuring
James Bullard, president of the Federal Reserve Bank of St. Louis, said Monday that it is inappropriate for a central bank to be directly involved in corporate restructuring.
Mirae Asset expands into overseas markets
Mirae Asset Global Investments said Monday that it has expanded into overseas markets by selling more than 1,200 investment products in 32 countries, becoming the nation’s top asset manager in offshore business.
Hyundai Card to host Beck concert in July
Hyundai Card said Sunday that it will host U.S. musician Beck’s concert in July as part of the credit card firm’s Culture Project that has introduced the world’s innovative cultural icons to Korea.
IMF concerned about government pressure on BOK
Government pressure on the Bank of Korea (BOK) to directly invest in state-run banks as part of the debt rescheduling programs for ailing shipbuilders and shippers is drawing concerns from the International Monetary Fund (IMF).
Dongwon Mall's one-stop delivery service gains popularity
Kim Hye-jin, 34, a housewife in Seoul, had shopped at a number of different discount chains because each one had its own items that she wanted to buy.
STX shipyard heading for court receivership
Creditors of STX Offshore & Shipbuilding said Wednesday that they have no other choice but to put the debt-ridden, nonviable shipbuilder under court receivership later this month.
Shinhan leads in social responsibility activities
Shinhan Financial Group said Wednesday that its corporate social responsibilities (CSR) are a means for it to grow with its customers and society. The nation’s most profitable financial group said that its CSR activities focus on welfare, culture and the environment under the motto “compassionate finance.”
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