South Korea's major conglomerates, including SK Group, reduced their number of affiliates by 42 over three months as they restructured business portfolios to focus on profitability, according to the Fair Trade Commission.
#YonhapInfomax #SKGroup #FairTradeCommission #BusinessRestructuring #Affiliates #Profitability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=104672
Number of Affiliates at Major Conglomerates Drops by 42 as Business Structures Shift Toward Profitability
South Korea's major conglomerates, including SK Group, reduced their number of affiliates by 42 over three months as they restructured business portfolios to focus on profitability, according to the Fair Trade Commission.
LG Display Co. has agreed to sell its automotive LCD module business in Nanjing, China, for KRW 104.1 billion ($78 million), accelerating its transition to an OLED-focused business model and aiming to boost operational efficiency.
#YonhapInfomax #LGDisplay #AutomotiveLCD #OLED #BusinessRestructuring #KRW1041Billion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=104610
LG Display Sells China Automotive LCD Business for KRW 104.1 Billion—Continues Business Restructuring
LG Display Co. has agreed to sell its automotive LCD module business in Nanjing, China, for KRW 104.1 billion ($78 million), accelerating its transition to an OLED-focused business model and aiming to boost operational efficiency.
Il-Dong Pharmaceutical Posts 48% Surge in 2025 Operating Profit to KRW 19.4 Billion
Il-Dong Pharmaceutical Co. reported a 48% jump in 2025 operating profit to KRW 19.4 billion, despite a sales decline, as cost restructuring boosted profitability.
'Cost Innovation' Focus Drives Profitability Hopes for LG Display
LG Display is expected to post a 386% surge in Q4 operating profit, driven by cost innovation and a strategic shift to OLED, signaling a strong turnaround after years of losses.
South Korea's government and chemical industry have pledged to accelerate business restructuring in 2026, aiming for concrete results and enhanced competitiveness, with new support measures for SMEs and regional economies amid ongoing global oversupply challenges.
#YonhapInfomax #ChemicalIndustry #BusinessRestructuring #MinistryOfTradeIndustryAndEnergy #Petrochemical #SMEsSupport #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=100229
Government and Chemical Industry Vow to Deliver Results on Business Restructuring—Chemical Industry New Year Gathering
South Korea's government and chemical industry have pledged to accelerate business restructuring in 2026, aiming for concrete results and enhanced competitiveness, with new support measures for SMEs and regional economies amid ongoing global oversupply challenges.
South Korea's KOSPI index closed above 4,700 for the first time, rising for a ninth straight session as Hanwha Corp. soared over 25% on restructuring news, with institutional buying driving the rally and blue-chip stocks broadly higher.
#YonhapInfomax #KOSPI #HanwhaCorp #BusinessRestructuring #InstitutionalBuying #SamsungElectronics #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=99843
[Market Close] KOSPI Rises for Ninth Consecutive Session to 4,723—Hanwha Soars on 'Business Restructuring'
South Korea's KOSPI index closed above 4,700 for the first time, rising for a ninth straight session as Hanwha Corp. soared over 25% on restructuring news, with institutional buying driving the rally and blue-chip stocks broadly higher.
HD Hyundai Chairman Chung Ki-sun reaffirmed that fostering a culture of open communication is essential for corporate competitiveness, highlighting the company's proactive restructuring and technological advancements at a New Year event attended by 300 employees.
#YonhapInfomax #HDHyundai #ChungKiSun #CorporateCompetitiveness #CommunicationCulture #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=98363
Chung Ki-sun of HD Hyundai Reiterates 'Communication Culture Is Core Corporate Competitiveness'
HD Hyundai Chairman Chung Ki-sun reaffirmed that fostering a culture of open communication is essential for corporate competitiveness, highlighting the company's proactive restructuring and technological advancements at a New Year event attended by 300 employees.
Lotte Chemical clarified that no concrete decisions have been made regarding a full shutdown of its Daesan NCC plant or the scale of a capital increase, despite recent media reports, and stated that reviews of overseas asset sales are ongoing but not finalized.
#YonhapInfomax #LotteChemical #DaesanNCC #CapitalIncrease #BusinessRestructuring #HDHyundaiChemical #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=98127
Lotte Chemical Says No Concrete Decisions Made on Daesan NCC Shutdown or Capital Increase Size
Lotte Chemical clarified that no concrete decisions have been made regarding a full shutdown of its Daesan NCC plant or the scale of a capital increase, despite recent media reports, and stated that reviews of overseas asset sales are ongoing but not finalized.
Lotte Chemical and HD Hyundai Chemical have agreed to merge their NCC facilities, initiating South Korea’s first voluntary petrochemical restructuring; the companies have applied for government approval to advance industry competitiveness.
#YonhapInfomax #LotteChemical #HDHyundaiChemical #NCC #BusinessRestructuring #PetrochemicalIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=92561
Lotte Chemical and HD Hyundai Chemical Agree to Consolidate NCC Facilities—Apply for Government Approval Review
Lotte Chemical and HD Hyundai Chemical have agreed to merge their NCC facilities, initiating South Korea’s first voluntary petrochemical restructuring; the companies have applied for government approval to advance industry competitiveness.
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