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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

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

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

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

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

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.

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

Asian stocks to rise 20%-30% once Iraqi crisis is over: ING

Asian stocks are expected to rise by 20-30% once a clear resolution has emerged over the crisis in Iraq, and Korean and Taiwanese companies are expected to outperform, ING Financial Markets said.

Business

Sony scores record Q3 profit with games, movies

Entertainment conglomerate Sony Corp has achieved a record net profit for its third quarter as its I>PlayStation 2/Itrounced the competition and movies like I>Spider-Man/Igot a new life in DVD releases.