Results for South Korea
- Court OKs Receivership For Dongbu's Construction Unit
A local court said Wednesday it has decided to commence a receivership program for midsize South Korean builder Dongbu Corp., which has recently been hit by financial troubles amid a slump in the construction industry, the Yonhap News Agency reported. Th ...
Daily Headline - global.abi.org - 01/07/2015 - 21:42 - 0 comments
- South Korean Households Pile Up Debt
More South Korean households are piling on debt at the fastest rate in a decade as the government is using credit to stimulate sluggish consumption, the Financial Times reported. Choi Kyung-hwan, who took office as finance minister in July, has launc ...
Daily Headline - global.abi.org - 01/05/2015 - 21:06 - 0 comments
- Zalman Tech Files For Bankruptcy
Zalman Tech, a legendary maker of cooling solutions and other devices, has filed for bankruptcy. The company had to file for insolvency protection in South Korea because its parent company Moneual took loans it could not eventually repay by using fabrica ...
Daily Headline - global.abi.org - 11/06/2014 - 22:03 - 0 comments
- Korean Air Lines Agree to Inject Fresh Capital into CSA Czech Airlines
CSA Czech Airlines said that its key shareholder Korean Air Lines Ltd. has agreed to inject fresh capital into the country’s flagship carrier as it seeks to overcome its current financial struggles, The Wall Street Journal Emerging Europe blog report ...
Daily Headline - global.abi.org - 10/23/2014 - 20:20 - 0 comments
- Korea's Leading Robot Vacuum Cleaner Maker Seeks Court Receivership
Korea's leading robot vacuum cleaner manufacturer Moneual has filed for court receivership after failing to pay bonds worth 500 billion won ($474.1 million) that matured last week, The Korea Times reported. The Suwon District Court will soon dec ...
Daily Headline - global.abi.org - 10/22/2014 - 20:44 - 0 comments
- Pantech Offered For Sale Under Receivership
South Korea's No. 3 smartphone maker, Pantech Co., which has been under court receivership, is now up for sale on Wednesday, in a desperate move to get the company back on its feet, the Yonhap News Agency reported. The latest development came as the ...
Daily Headline - global.abi.org - 09/24/2014 - 20:11 - 0 comments
- South Korea Probes Banks Over Interest Rates Collusion
South Korea’s competition watchdog is investigating the country’s four largest commercial banks over possible interest rates collusion, adding to a growing list of probes globally into the alleged rigging of various financial prices and benchmarks, the ...
Daily Headline - global.abi.org - 08/27/2014 - 20:58 - 0 comments
- South Korean Phone Maker Pantech Files for Court Receivership
Cash-strapped South Korean mobile-phone maker Pantech Co. filed for court receivership Tuesday after its latest flagship smartphone failed to take off, The Wall Street Journal reported. The company, in which Qualcomm Inc. and Samsung Electronics Co. ...
Daily Headline - global.abi.org - 08/12/2014 - 22:17 - 0 comments
- Huge Claim Sees Daehan File For Court Receivership
Medium-size South Korean yard Daehan Shipbuilding, which has a huge bulker and products-tanker orderbook involving high-profile owners, has filed for court receivership, TradeWinds reported. The DSME-managed builder’s application to the Gwangju District ...
Daily Headline - global.abi.org - 07/06/2014 - 21:01 - 0 comments
- 20% of Affiliates of Conglomerates on the Brink of Insolvency
About 19.7 percent of the subsidiaries of Korean conglomerates are with impaired capital, or have a debt ratio of over 400 percent, BusinessKorea reported. According to management evaluation firm CEO Score, out of the 1,418 subsidiaries of the 47 busines ...
Daily Headline - global.abi.org - 06/30/2014 - 21:12 - 0 comments