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Business

Mergers to add depth to market

GOVERNMENT-LINKED plantation and financial companies are potential candidates for mergers when the government steps up efforts to consolidate companies in common sectors.

Business

Samsung to source more from SEA

SAMSUNG Electronics Co Ltd#039;s procurement division, which procures materials and components and supplies them to units within the group, expects to raise the proportion of materials it sources from the South-East Asia region this year.

Business

S. Korea sees wider accounting probe

South Korean regulators yesterday pressed for an investigation of shipping firm Hyundai Merchant Marine Co Ltd, sending new shockwaves through markets a day after prosecutors arrested 10 executives of conglomerate SK Group in a US$1.2bil accounting scandal.

Business

Foreign business news in brief

Foreign business news in brief including from Seoul that Samsung Heavy Industries Co Ltd has won orders to build 13 container ships and seven oil carriers for about US$1.1bil from Canadian and European companies.

Business

South Korea to probe conglomerates

South Korea#8217;s financial regulators said yesterday they would launch an investigation into Samsung and five other business groups over alleged unfair business practices.

Business

S. Korea's 3rd-largest business group chairman questioned

Prosecutors on Wednesday questioned the chairman of South Korea's third-largest business group about an illegal stock transaction

Business

Samsung expects uphill task in the Asian film roll market

NEWCOMER to the colour film roll industry, Samsung Corp expects to face an uphill task to realise profits in the Asian film roll market.

Business

Grundig poser for Megan Media

THE market is rife with speculation that main board listed optical data storage manufacturer Megan Media Holdings Bhd may lose its largest customer Grundig AG.

Business

Foreign business news in brief

Foreign business news in brief including from Seoul that Samsung Electronics Co Ltd said that it has signed a contract to buy a 5% stake in Symbian Ltd of the UK for £17mil in a bid to enter the Symbian OS-based smart phone market.

Business

Sony Ericsson unveils its first 3G phone

Sony Ericsson said Monday it will launch its first third-generation phone later in 2003, a move that could help make or break the joint venture.