South Korea's Lotte Group has submitted a proposal to acquire a controlling stake in Italy's World Duty Free SpA (WDF.MI) in a deal estimated at 3 trillion to 4 trillion won ($2.71 billion to$3.61 billion), Korean media reported on Tuesday.
Korea, South
Samsung expects record Galaxy shipments, supply constraints
Tech giant Samsung Electronics Co Ltd (005930.KS) said it expects record shipments for the new Galaxy S smartphones that go on sale on Friday, but will have trouble meeting demand for its curved-edged model due to production constraints.
After dismal 2014, Samsung Electronics charts recovery with new Galaxy phones
Tech giant Samsung Electronics Co Ltd (005930.KS) likely saw January-March earnings slip for the sixth straight quarter, but investors are betting on a rebound this year on healthy chip sales and high hopes for its new flagship smartphones.
GM says Korea labor costs have surged, but has no plans to exit
General Motors Co (GM) (GM.N) on Thursday said its labor costs have risen nearly 50 percent over the past five years in South Korea, where it makes nearly one-fifth of its global output, but that it does not plan to shut any of its four plants there.
Samsung Electronics says to start won-yuan direct trade on March 16
South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will start buying or selling the Chinese yuan for the won from the Seoul market on March 16.
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South Korea's Hyundai Motor Co plans to spend around $1.8 billion by 2020 on a major offensive in commercial vehicles, including entering the race in the United States, to catch up with rivals in a rapidly growing global market.
Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamor for bigger dividends.
As Samsung Electronics Co Ltd sells fewer of its own smartphones, the South Korean group's components businesses are under pressure to pick up the slack and secure external customers for chips and display panels, including putting these in rival mobile devices.
Hyundai Motor Co's chairman and his son sold $1.1 billion worth of shares in logistics firm Hyundai Glovis Co Ltd, finding success in their second attempt at a sale after committing to a long lock-up period for their remaining stakes and slashing the price.
South Korea's Samsung Electronics Co Ltd (005930.KS) said on Saturday that it would acquire Brazilian printing solutions company Simpress, the latest deal by the tech giant to bolster its business-to-business operations.
South Korea's Samsung Electronics Co Ltd (005930.KS) will be the main supplier of processors powering Apple Inc's (AAPL.O) next iPhone, Maeil Business Newspaper reported on Monday, citing unidentified sources in the semiconductor industry.
South Korean smartphone maker LG Electronics Inc said on Thursday that it encountered no overheating problems with Qualcomm Inc's new Snapdragon processor that is powering a curved-screen device going on sale later this month.
South Korean tech giant Samsung Electronics Co Ltd is considering a stock split, a company executive said on Tuesday, as sliding profits put pressure on the firm to keep investors happy.
Hyundai Motor Co's chairman and vice chairman are seeking to raise about $1.25 billion by selling shares of Hyundai Glovis, a person familiar with the matter said, a move that could smooth succession in the family-owned conglomerate.
