Chaebol http://www.globalpost.com/taxonomy/term/29020/BF_WIDGET_SRC en Samsung chairman wins $4 bn family court case http://www.globalpost.com/dispatch/news/afp/130201/samsung-chairman-wins-4-bn-family-court-case-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Samsung Electronics chairman Lee Kun-Hee won a court ruling Friday against demands from his siblings to hand over billions of dollars in shares in various Samsung Group companies.</p> <p>The court allowed Lee to retain all his shareholdings in the giant conglomerate that members of his family had accused him of hiding from them following the death of his father and Samsung founder Lee Byung-Chul.</p> <p>If the court had found against Lee, 71, it would have forced a restructuring of the complex web of shareholdings across the group's entities and weakened his hold on it.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/samsung-chairman-wins-4-bn-family-court-case-0" target="_blank">read more</a></p> Chaebol Samsung Technology AFP Fri, 01 Feb 2013 08:30:19 +0000 Agence France-Presse 5742656 at http://www.globalpost.com Samsung to pump $1 bn into research, venture fund http://www.globalpost.com/dispatch/news/afp/130204/samsung-pump-1-bn-research-venture-fund <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Samsung announced Monday it was pumping more than $1 billion into research and venture capital funding efforts that will be led by a new hub for the South Korean giant in Silicon Valley.</p> <p>The electronics giant said it was launching a $1 billion "Samsung Ventures America Fund" and a $100 million "catalyst fund" which will "fuel innovative technologies and business models through all stages of business."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/samsung-pump-1-bn-research-venture-fund" target="_blank">read more</a></p> Chaebol Samsung Samsung Ventures America Fund Smartphone Technology AFP Mon, 04 Feb 2013 22:00:59 +0000 Agence France-Presse 5745828 at http://www.globalpost.com CORRECTED: Samsung boosts US research, venture fund http://www.globalpost.com/dispatch/news/afp/130204/corrected-samsung-boosts-us-research-venture-fund <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Samsung announced Monday it was pumping more money into research and venture capital funding efforts that will be led by a new hub for the South Korean giant in Silicon Valley.</p> <p>The electronics giant said it was launching a $100 million "catalyst fund" that will augment its $1 billion Samsung Ventures America Fund and "fuel innovative technologies and business models through all stages of business."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/corrected-samsung-boosts-us-research-venture-fund" target="_blank">read more</a></p> Chaebol Samsung Samsung Ventures America Fund Smartphones Technology AFP Tue, 05 Feb 2013 00:16:04 +0000 Agence France-Presse 5745879 at http://www.globalpost.com Samsung boosts US research, venture fund http://www.globalpost.com/dispatch/news/afp/130204/samsung-boosts-us-research-venture-fund <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Samsung announced Monday it was pumping more money into research and venture capital funding efforts that will be led by a new hub for the South Korean giant in Silicon Valley.</p> <p>The electronics giant said it was launching a $100 million "catalyst fund" that will augment its $1 billion Samsung Ventures America Fund and "fuel innovative technologies and business models through all stages of business."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/samsung-boosts-us-research-venture-fund" target="_blank">read more</a></p> Chaebol Samsung Samsung Ventures America Fund Technology AFP Tue, 05 Feb 2013 00:16:10 +0000 Agence France-Presse 5745881 at http://www.globalpost.com AFP World Economic News Summary http://www.globalpost.com/dispatch/news/afp/130226/afp-world-economic-news-summary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The top world economic stories on Tuesday:</p> <p>Stocks-forex-Europe,WRAP</p> <p>LONDON: European stock markets slumped and the euro hit a near two-month dollar low as dealers assessed the fallout of Italy's political impasse after elections in the indebted eurozone country.</p> <p>Italy-vote-EU-Commission</p> <p>BRUSSELS: The EU's executive said it had heard "the message of concern" sent by dissatisfied Italian voters but expected the country nevertheless to stick to its pledges of budget cuts and economic reforms.</p> <p>Japan-economy-budget-politics-debt-finance</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/afp-world-economic-news-summary" target="_blank">read more</a></p> Chaebol Human Interest Samsung Technology AFP Tue, 26 Feb 2013 13:45:34 +0000 Agence France-Presse 5766971 at http://www.globalpost.com Bomb kills three Posco protesters in India: police http://www.globalpost.com/dispatch/news/afp/130303/bomb-kills-three-posco-protesters-india-police <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A crude bomb exploded in a village in eastern India, killing three people involved in protests against a $12 billion steel plant project by South Korean giant Posco, police said Sunday.</p> <p>Police claimed the dead victims were suspected of making bombs themselves when one of them exploded Saturday in Patana village in Orissa state, but a protest group spokesman said they were attacked by supporters of the project.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130303/bomb-kills-three-posco-protesters-india-police" target="_blank">read more</a></p> Berkshire Hathaway Chaebol North Gyeongsang Province Politics POSCO AFP Sun, 03 Mar 2013 10:45:22 +0000 Agence France-Presse 5772034 at http://www.globalpost.com Samsung set to buy 3% stake in Sharp: report http://www.globalpost.com/dispatch/news/afp/130305/samsung-set-buy-3-stake-sharp-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>South Korean electronics giant Samsung is set to buy a three-percent stake in struggling Japanese rival Sharp via a capital increase, a press report said Tuesday, a deal that would give Samsung greater access to smartphone and tablet computer screens.</p> <p>The Japanese economic newspaper Nikkei said in its online edition that Sharp would sell Samsung new shares worth around 10 billion yen (83 million euros, $108 million), and use the funds it earned to bolster its bottom line.</p> <p>An official announcement was expected on Wednesday, Nikkei said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130305/samsung-set-buy-3-stake-sharp-report" target="_blank">read more</a></p> Chaebol Samsung Smartphones AFP Tue, 05 Mar 2013 18:17:09 +0000 Agence France-Presse 5774140 at http://www.globalpost.com Shares in Sharp up 17% on Samsung tie-up reports http://www.globalpost.com/dispatch/news/afp/130305/shares-sharp-17-samsung-tie-reports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Shares in struggling Japanese electronics maker Sharp jumped 17 percent on Wednesday after media reports of a $108-million tie-up with South Korean giant Samsung.</p> <p>Shares in Sharp opened up 17.06 percent at 350 yen on the Tokyo Stock Exchange before easing slightly to 344 yen.</p> <p>The Nikkei business daily and other media reported Wednesday that Samsung was set to make a capital injection in a deal that would give the South Korean firm greater access to smartphone and tablet computer screens.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130305/shares-sharp-17-samsung-tie-reports" target="_blank">read more</a></p> Business Chaebol Samsung Smartphone AFP Wed, 06 Mar 2013 01:15:50 +0000 Agence France-Presse 5774529 at http://www.globalpost.com Asian markets rise after Dow hits record high http://www.globalpost.com/dispatch/news/afp/130305/asian-markets-rise-after-dow-hits-record-high <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asian markets rallied Wednesday following a record-breaking performance by shares on Wall Street, with Tokyo and Sydney both hitting multi-year highs.</p> <p>The Dow Jones Industrial Average finished 0.89 percent higher at 14,253.77, beating by nearly 90 points its former record seen on October 9, 2007, just before the onset of the global financial crisis.</p> <p>Tokyo added 1.32 percent by the break and Sydney was 0.96 percent higher, both around highs not seen since September 2008. Hong Kong rose 0.84 percent, Seoul was up 0.31 percent and Shanghai climbed 0.31 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130305/asian-markets-rise-after-dow-hits-record-high" target="_blank">read more</a></p> Business Chaebol Dow Jones Industrial Average Human Interest Samsung AFP Wed, 06 Mar 2013 03:31:00 +0000 Agence France-Presse 5774606 at http://www.globalpost.com stocks-summary http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/stocks-summary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 8 (Yonhap) -- South Korean stocks closed almost flat Friday due to heightened political tension with North Korea, analysts said. The local currency fell against the U.S. dollar.</p> <p>The benchmark Korea Composite Stock Price Index (KOSPI) inched up 1.61 points, or 0.08 percent, to 2006.01. Trading volume was low at 301.5 million shares worth 3.37 trillion won (US$3.09 billion) with gainers outpacing losers 442 to 342.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/stocks-summary" target="_blank">read more</a></p> Chaebol Divided regions Member states of the United Nations Yonhap News Agency Tue, 12 Mar 2013 20:16:16 +0000 Yonhap News Agency 5781446 at http://www.globalpost.com listed firms-cash assets http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/listed-firms-cash-assets <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 8 (Yonhap) -- The amount of cashable assets held by large listed companies in South Korea jumped 37 percent in 2012 from a year earlier as they were reluctant to invest amid a protracted economic slump, data showed Friday.</p> <p>The combined cashable assets held by 147 firms listed on the main bourse and the tech-heavy KOSDAQ market came to 126.7 trillion won last year, compared to 92.3 trillion won tallied in 2011, according to market researcher FnGuide Inc.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/listed-firms-cash-assets" target="_blank">read more</a></p> Asset Chaebol Economy of South Korea Yonhap News Agency Tue, 12 Mar 2013 20:27:32 +0000 Yonhap News Agency 5781650 at http://www.globalpost.com Hyundai Heavy-new submarines http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-heavy-new-submarines <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>By Kim Eun-jung</p> <p>SEOUL, March 7 (Yonhap) -- Hyundai Heavy Industries, the world's largest shipbuilder, was selected to build nine improved versions of Chang Bogo class submarines for the South Korean Navy, the state arms procurement agency said Thursday.</p> <p>The Defense Acquisition and Procurement Agency (DAPA) said it has chosen Hyundai Heavy Industries to build an upgraded version of the 1,200-ton Chang Bogo submarine, in partnership with Germany's ThyssenKrupp Marine Systems (TKMS).</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-heavy-new-submarines" target="_blank">read more</a></p> Chaebol Economy of Germany Transport Yonhap News Agency Tue, 12 Mar 2013 20:27:35 +0000 Yonhap News Agency 5781651 at http://www.globalpost.com Hyundai Merchant-preferred shares http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-merchant-preferred-shares <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 12 (Yonhap) -- Hyundai Merchant Marine Co., South Korea's No. 2 shipper, said Tuesday that it will seek to increase the limit of preferred shares it can sell, in a bid to secure liquidity amid an industrywide slump.</p> <p>The company said it plans to raise the limit of preferred shares that can be sold by the shipping line to 60 million from the current 20 million. The proposal will be submitted at a shareholders meeting slated for March 22, according to the company.</p> <p>"Increased losses and debts are forcing us to secure liquidity," said a company official.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-merchant-preferred-shares" target="_blank">read more</a></p> Business Chaebol Hyundai Hyundai Kia Automotive Group Hyundai Merchant Marine Co. Yonhap News Agency Tue, 12 Mar 2013 20:27:38 +0000 Yonhap News Agency 5781652 at http://www.globalpost.com top firms-profitability http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/top-firms-profitability <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 13 (Yonhap) -- The profitability of South Korea's leading companies hovered below that of global peers last year, data showed Wednesday, apparently due to their limited business portfolios and vulnerability to currency fluctuations.</p> <p>According to the data compiled by Samsung Securities Co., South Korea's top industry players saw their return on equity (ROE) lag behind their global peers in 15 sectors last year, while only four sectors performed better.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/top-firms-profitability" target="_blank">read more</a></p> Business Chaebol Economy of South Korea Publicly traded companies Yonhap News Agency Wed, 13 Mar 2013 01:30:42 +0000 Yonhap News Agency 5781863 at http://www.globalpost.com Lotte Mart-car rental service http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/lotte-mart-car-rental-service <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 13 (Yonhap) -- Lotte Mart Co., South Korea's third-largest discount store chain, said Wednesday that it will start a car rental service this week in strategic partnership with CXC Motors, a local dealer of foreign cars.</p> <p>Lotte Mart will provide its car rental service at five stores including its Jamsil location in the southwestern part of Seoul and its online Lotte Mart Mall starting Thursday, the company said in a statement.</p> <p>The discount store chain will expand the number of stores that will provide the car rental service to 40 by the end of 2013.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/lotte-mart-car-rental-service" target="_blank">read more</a></p> Chaebol Lotte Lotte Mart Lotte Mart Co. Yonhap News Agency Wed, 13 Mar 2013 01:45:48 +0000 Yonhap News Agency 5781872 at http://www.globalpost.com