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Are chaebol owners making use of stock plunge for succession plans?
...se succession seems to be imminent, are also speeding up their stake purchases. Early last month, GS Caltex CEO Hur Sae-hong, who is the son of Chairman Hur dong-soo, bought 34,133 shares of GS Holdings’ common stocks in the market. This year alone, he has spent a total of 20 billion won to ...
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Conglomerates post sharp fall in operating profit, investment
...n investment with an increase of 946 billion won (rise of 58.5 percent) to reach 2.5 trillion won. GS Caltex’s investment increased by 85.4 percent (571 billion won) while KT’s investment grew by 17.5...
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[News Focus] Hanjin to ‘make painstaking self-rescue efforts’
...-min, back him. So does Hanjin KAL’s third-largest shareholder, Delta Air Lines, as well as Kakao, GS Caltex, family members and Korean Air executives. Friday’s shareholders meeting helped Cho Won-ta...
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GS Group‘s Huh vows to lead transformation
GS Group is expected to undergo a transformation under the leadership of Huh Tae-soo, who was forma...ay. Huh Tae-soo, the youngest brother of former GS Group Chairman Huh Chang-soo, has been widely kn...
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Korean oil refiners forced to keep plants rolling despite pandemic losses
...ps to offset the impact of the virus, with S-Oil adjusting its budget. Meanwhile, an official from GS Caltex predicted a similar measure to take place, such as initiating emergency management. Domest...
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Forex pressure looms over Korea's outbound investments
...e arm, respectively. Also affected by the forex fluctuation are euro-denominated deals, including GS Engineering & Construction‘s acquisition of Polish prefab housing firm Danwood and SK Global Capit...
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Renewable energy loses ground in Korea due to faulty policies
...mpted from the change, so there hasn’t been much change,” said an official of electricity provider GS E&S, which runs one biomass plant and has another under construction, which is also spared from th...
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Kakao sells part of stake in Hanjin KAL
...uding Cho and the other family members’ 22.45 percent stake, Delta Air Lines’ 14 percent stake and GS Caltex’ 0.25 percent stake. If the employee association of Korean Air Lines, which holds 3.8 perce...
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SK Networks shares spike on W1.3tr fuel retailer sell-off
... for the No. 2 spot in terms of the number of gas stations in domestic energy retailer market with GS Caltex, followed by the market leader SK Energy. SK Networks also unveiled a share buyback plan, ...
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Coronavirus outbreak dents value of Chaebol owners’ stock holdings
... Marine Engineering and Korean Air saw a drop of 19 percent and 17 percent, each. Hanwha Corp. and GS Engineering and Construction skidded 15 percent and 14.4 percent, respectively. The nation’s key ...
