KT is set to take over Morocco's Maroc Telecom. According to investment banking sources on February 3, KT has selected U.S. law firm Cleary Gottlieb Steen & Hamilton LLP as the principal underwriter of the deal.
SEOUL, KOREA- Cheil Industries, Inc., a Samsung Group company specializing in textiles, will hand over its fashion business to an affiliate Samsung Everland Resort and focus on the electronic and chemical materials business.
On August 5, Choi Kyung-hwan, S. Korea's deputy prime minister and finance minister, called on public corporations to adopt a wage peak system at an early date. He said: “Implementation of a wage peak system is not an option but a must.”
BANKOK, THAILAND - We are witnessing a revolution in mobility – in the mobility of people, of goods and things – and it is for one reason – connectivity, said Carsten Mossback from Roland Berger Strategy Consultants as he launched a debate on connecting, integrating and commercializing transportation in a smarter world on the third day of ITU Telecom World 2013.
Qin Gang, Chinese Foreign Ministry spokesman, said to Japan, "We have kept our eyes on the East China Sea.” In response a Japanese newspaper, Mainichi Shinbun, published Katsuya Okada's statement. Katsuya Okada, a Japanese politician enforced, “We will develop the Chunxiao gas field in the East China Sea, known as "Shirakaba" in Japan.
Seoul Korea - Transparency International, a Berlin-based international non-governmental organization that monitors corporate and political corruption in international development, has published its 20th edition of the Corrupti
SK Engineering & Construction (SK E&C) said on November 16 that a joint venture between SK E&C and the US’s KBR (Kellogg Brown & Root) has won USD 4.35 billion deal to build an eight million tonnes per annum (mtpa) natural gas liquefaction plant near Lake Charles, Louisiana.
SEOUL, KOREA- Mercedes-Benz Korea is set to roll out brand-new C Class and Edition models. The company announced on September 16 that it would release a 2014 version of C Class, plus three new Edition models, including C 200 Avantgarde Edition C, C 220 CDI Avantgarde Edition C, and C 63 AMG Edition 507.