Handsome, SK Networks signed a final agreement to acquire 300 billion won in the fashion sector

[Korea gimeunji financial newspaper reporter Hyundai Department Store Group based fashion firm Handsome finalize the acquisition of the fashion division of SK Networks jobs and sets out a full-scale operation.

Handsome has signed a final purchase agreement for the entire April 28, SK Networks said fashion business day. The final acquisition price is 3000 billion. Handsome signed a sales agreement is also positive for the full year, SK Networks fashion division, after recently conducted a due diligence process to.

Handsome said, "it has signed a contract with SK Networks fashion sector imported brands The sales positive also in the contract process" and "especially transitions contract period long-term and secured improve royalty payment terms for business stability and profitability," he said.

Handsome The final acquisition agreement entered into by its subsidiary, Handsome global and SK Networks Fashion businesses held by imported brands Tommy Hilfiger · DKNY · CK · Club Monaco, throwing away how, American Eagle, the domestic brands objects, Oz Second through modern Jian F. corporation Second floor Lounge · · · Luz and were 12 such SJYP · operate the yoni Steve J & P.

Handsome as SK Networks has acquired fashion sector finalizing plans to get into a full-fledged brand rebuilding 'work.

First, objects, launches Oz Second, Second floor, including redevelopment of the SK Networks brand of women's fashion sector. · SJSJ systems such as Lee Myung-jin casual business manager in charge of women's casual brand (Managing Director) and Handsome global womenswear responsible for it was appointed as creative director (CD). The part to re-establish the brand identity and strengthen the sangpumryeok.

By another for more than 10 years, SK Networks recruited led jojunhaeng representative of the fashion business, Tommy Hilfiger · DKNY · CK, such as secured her popularity and diversify the distribution channels of imported brand, expand product lines differentiated value by brands the initiative reassuring customers.

In addition, Hyundai Department Store Group is planning to invest over the next five years, SK Networks MD competitiveness and infrastructure, including 200 billion won over the fashion business in the fashion sector to raise the fashion industry as a key growth driver for the group.

Hyundai Department Store Group official said, "The SK Networks to enhance its competitiveness through its own fashion brand large investments over a long period of time based on the fashion business-related resources and capabilities of the group, also it plans to maximize synergies and Handsome fashion business."

The proceeds of Handsome Handsome subsidiary of the global and modern Jian F. promotions targeted at the fashion division of SK Networks SK Networks 12 Fashion up to 5 days before coming to celebrate the brand acquired two brands. 10% discount to customers who purchase the product in 12 brand stores during the promotion period, they provide 10% additional mileage.

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Agricultural - signed Hibiscus trusts, mortgage trusts MOU

Signed a "business agreement for Agriculture and Livestock mortgage trusts activate" [Korea Financial News Lee, Dong - Kyu News] National Agricultural Cooperative Federation (Chairman gimbyeongwon) and (Note) Hibiscus Trust (Chairman Using only) in the past 28 days, Jung-gu, Seoul NACF fuse Meeting and it has pledged to cooperate for Agriculture and Livestock urban and rural mutual financial costs and said one day.

Business signing ceremony was held among the two organizations more than 60 employees, including Lee Dae-hoon Agricultural Mutual Credit CEO and (fourth in the picture left) Co., Mugunghwa Trust Oh Chang-seok Vice attended, and the Lee Dae-hoon representatives and Choi, Byoung - Gil Rose of Sharon Trust CEO signed the agreement .

This earn a portion of the NACF is actively pursuing Hibiscus Trust Trust bosuryo education and publicity for Agriculture and Livestock mortgage trusts activated via the MOU as rural loved funds to to support agriculture and rural development and urban-rural cooperation movement did.

Lee Dae-hoon CEO "The current mortgage is saving efforts costs are greater leverage collateral trust enabled spent on debt maintenance is needed," he said. "Through this MOU costs as well as funds credited geodum savings as' farmers expects to achieve 50 million won income 'to be able to contribute with both companies, "he said.

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Defense, Sade signed with Lotte land swap agreement

[Korea gimeunji financial newspaper reporter] Lotte Department of Defense and the US forces 28 days altitudes signed a land exchange agreement to secure place missile defense systems (THAAD · Sadd) Lot.

The two sides agreed to exchange military paper in November last year, Lotte Sky Hill lord CC (lord golf courses) and is located in North Gyeongsang Province Namyangju game seongju county chojeonmyeon, it signed today (28) the relevant agreement.

Day exchange contract is a Pentagon information is passed to the Lotte remove the gunyongji of Namyangju as corresponding to the same value instead of receiving the lord golf course grounds.

The value of the result lord Golf proceed with the appraisal it was 100 billion won were determined at a level that does not exceed the exchange destination site is about 148 million land lord golf course is about 6.7 million ㎡ paper and Namyangju County ㎡.

As Sadd exchange contract is Lot Korea and the United States SOFA Agreement (SOFA) enters an agreement for the donation site. PLANNING through the basic environmental impact assessment, including facility construction plans place a year Sadd.

In addition lord golf course is designated as a protected military zone as the contract is signed. 50th Infantry Division to cooperate with the police to conduct border operations for the land lord Saad Golf protected.

This Saad was the biggest obstacle dwaeteuna land exchange issue is China's economic retaliation to finish this opportunity of placing this may be done more openly.

Let's approval 27 days to provide the lord Lotte golf course grounds by Saad China raised the water level blamed for the country and Lotte.

Chinese state media 27 days through the Old Town to see private environment said, "Saad arranged the withdrawal of South Korea is not an option, China is required to take all necessary measures for the land exchange agreement Saad this place."

Old Town Internet Exchange viewing survey results and also mentions "Lotte is necessary to provide the sanctions Saad grounds," he said in answer dalhaetdago response is 95.3%.

Some observers have reported on March 15th that China can "Day of Consumers' consumer complaints in the related products as Lotte programs to eliminate the possibility of spotlights.

Lotte has currently 24 subsidiaries in China and advance to the employees who work in the 20,000 local level. Lotte Mart, jungyimyeo around the department operates more than 120 stores in China that is going on in sales is 3.2 trillion won in size.

It also relies on sales to 80% of Lotte Duty Free to Chinese tourists.

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Korean Re reinsurance, Latin American markets in earnest ... IRB and signed MOU

[Korea gimmingyeong financial newspaper reporter] Korean Re reinsurance had signed an IRB Brasil Re (hereinafter IRB) and the Memorandum of Understanding (MOU) to strengthen the larger Latin American market growth potential.

Korean Re wonjonggyu president met with 24 days last month's IRB Please follow in the IRB headquarters in Rio de Janeiro, Brazil Godoy (Tarcisio Godoy) president Jose Carlos Cartier and even cattle (Jose Carlos Cardoso) Business Chief Executive Officer signed the MOU.

In the wake of this MOU with Korean Re it is planning to strengthen cooperation in trade, including activating and future IRB side, and further sets out to expand enter Latin American markets.

Through the MOU the two companies were to cooperate closely in Brazil and Argentina quantity argument, and the Southern Common chujinkiro bright future, including life insurance, property insurance. Also actively negotiated key exchange market information through a mutual personnel exchanges between underwriter.

Founded in 1939, the IRB is recorded about 50% market share in Brazil and the Brazilian reinsurance captive in one place, it occupies an important position in the Latin American market. Premium income amounts to about $ 1.1 billion (based on 2015 premium income).

Latin America is a place to receive insurance penetration is relatively low rating, while a large range of insurance market growth potential of the Company in accordance with the economic development.

Wonjonggyu president explained, "The MOU signing is that overcomes the limitations of domestic growth, and right off close to both companies aim to expand overseas," and said, "We will maximize synergies through future reinsurance mutual trade".

In particular, he said wonjonggyu president of the significance of the MOU signed "Above all, greater harvest in that it secured the foundation of acquisitions and local co-major partner in the Latin American market."

Korean Re has a bar which has accelerated the 'Vision 2050' overseas expansion after the announcement containing the map of the future company growth in 2014. Accordingly, after having succeeded in the past three years, entering Lloyd's of London, and actively try to install in Shanghai, China, Labuan, Dubai Branch.

Korean Re reinsurance has been trying to expand in Latin America is entering a large market potential for growth. It currently acquired the reinsurance contract size of about $ 80 million in Latin American markets, expanding trade and steadily built up the IRB, and was able to achieve this MOU with a trust relationship.

Korean Re's reinsurance plans to naemyeo more speed overseas expansion of the MOU and the opportunity to realize the IRB side 'Vision 2050'.



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HMM, HMM + K2 consortium signed the contract

[Korea's financial standing hyomun newspaper reporter Hyundai Merchant Marine has signed a contract for the major domestic commercial vessels offshore seonsain Jang Geum, Heung-A Shipping and 'HMM + K2 Consortium' integrity and said deuleogatdago in full cooperation.

28 days of signing this Agreement, held at the Hyundai Merchant Building yuchanggeun expression, including the CEO, Hyundai Merchant Marine, Merchant Marine had JG jeongtaesun President, Consortium officials 30 people attended, including vice president of Heung-A Shipping yihwangu. With the formal launch of the first stage initiating cooperation exchange fleet is one part teoda next month.

Through this cooperation, South Korea's Hyundai Merchant Marine - is now possible to obtain an additional support region is very competitive envy, Japan secured network corresponding to the largest global shipping - Vietnam / Thailand, South Korea. JG Merchant Marine and Heung-A Shipping was an opportunity for fleet and route expansion with a stable cost competitiveness becomes available very regional routes and routes in India held by Hyundai Merchant Marine.

Hyundai Merchant Marine said, "There is great significance to the win-win cooperation alternatives is the point between ocean-going shipping and offshore shipping with this cooperation" and "take advantage of the idle fleet between prehistoric to the inside supply of a fleet replacement Step 1 collaboration market surplus situation as much as possible this will enhance mutual service said "competitive.

The future second phase cooperation has co-operated, the new route jointly opened, the air-based transport, equipment sharing, terminal rationalization, including expanding the collaboration scope to further various forms by the new market jointly explore with the cost savings to actively cope with the long-term low-fare conditions embark a statement. The final step, third step is planning to further strengthen the solidarity extended to joint port infrastructure investments.

Yuchanggeun Hyundai Merchant Marine said "provides a step-by-step advancement continues to cooperate long term with a variety of services to shippers and ocean-going, expected to be the instrument of competitiveness and profitability of the offshore shipping," he said.



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