The Mirae Asset Life Insurance, earned 91 billion won last year ... Year 比 26% ↓

[Korea gimmingyeong financial newspaper reporter] recorded a net profit of 91 billion won last year, Mirae Asset Life Insurance decreased by 26% compared to the previous year.

Sales said ₩ 4,170,169,130,000 Mirae Asset Life Insurance is for consolidated earnings over the last two days disclosures. Operating profit was decreased by ₩ 116,798,070,000 of 2.4% YoY to 4.9%.

Net income was 90.99022 billion won, down 25.6% compared to the previous year. Mirae Asset Life Insurance explained that "base effect of the previous business year, tax refund of fiscal year 2015, earnings for these decreases.

In addition, Mirae Asset Life Insurance has formulated a 710 won per share Common stock 55 won per share in dividends last year settlement, the type shares (convertible preferred). Dividend yield is 1.05% of the ordinary shares, dividends totaled ₩ 22,891,399,600.

Such information, 24 days is expected to be confirmed at the general shareholders' meeting held in Yeouido Daewoo Mirae Asset Building to come.

The Shareholders' Meeting, the profit is expected to deal with the dividend proposal as well as the Directors and audit committee appointed outside directors etc. re-elected vice-president of Mirae Asset Life hamandeok.



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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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Jeonbuk Bank fixed deposit limit of 300 billion won exclusives "

[Korea sinyuncheol financial newspaper reporter] JB Jeonbuk Bank Financial Group (Bank imyongtaek) to repay the support of the customers from March 2

3 for general corporate private customers (including sole proprietors) and until March 31 to conduct a "customer time deposits thanks exclusives. The term deposits are exclusives were planning to capture a sense of appreciation for the House customers, and CPU limits are exhausted, there will be early shutdown limits total 300 billion won.

Sign up special sales amount of individual deposits within 300 million won more than 300 million yuan, general corporation can sign up within more than 3 million won and 500 million won, period may be up for 12 months. Special sales rate topped gives additional preferential interest rate of 0.01% ~ 0.05% for one year to meet the market interest rates to the notice irregular deposit annual interest rate of 0.50% exclusives, as well as certain requirements. Preferred conditions include Smart Banking normal individual customers or corporate internet banking subscription time top corporate clients, the past month than credit card customers, CIF based on the Bank's first new customer, a regular installment subscription customers, accounts in Jeonbuk Bank in Malta to join the point payment by adding each year by 0.01% preferential entry for the registered customers and it is possible to move goods up at all branches Jeonbuk bank.



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Hi Investment & Securities, ELS 2 kinds of ₩ 10 billion IPO size

The complicity of [South Korea nine hyerin financial newspaper reporter] HI Investment & Securities (President of the wing can) ELS 2 kinds that the 1 pm three days from two days to a size of 100 billion won.

HI ELS 1171 call every three years six months due jogisang annular ELS as KOSPI200 index, underlying asset HSCEI Index, closing price of 90% of the initial reference price of any underlying assets in one automatic early redemption evaluation (6 months, 12 months ), if the 85% (18 months, 24 months), 80% (30 months, 36 months) will be paid over a maximum of 12.9% (4.3% annual).

HI ELS 1172 No. HSCEI Index, a three-year maturity 6 months jogisang annular ELS to the EUROSTOXX50 index as underlying assets, the closing price of 90% of the initial reference price of any underlying assets in one automatic early redemption evaluation (6 months, 12 months ), if the 85% (18 months, 24 months), 80% (30 months, 36 months) will be paid over a maximum of 18.6% (6.2% annual).

If the two products both more than 60% of the initial reference price at maturity even if they did not meet the conditions of the loan before maturity will be paid the original asking rate of return. If you just dropped to less than 60% loss of principal may occur depending on the maturity conditions.

The minimum subscription amount of goods is more than ₩ 1,000,000 ₩ 100,000 units, more information you can contact the Customer Support Center HI Investment & Securities.



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Samsung Fire & Marine Insurance, January operating profit of 361.7 billion won ...比 209.4% ↑ YoY

[Korea gimmingyeong financial newspaper News] Samsung Fire & Marine Insurance has posted 28 days this year has recorded 361.736 billion won interim operating profit increased by 209.4% YoY in May.

The same period, net profit of 276.97 billion won recorded a year-on-year increase of 226.8%. Sales totaled 3.2 percent to 1.489982 trillion won a year earlier.



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KB Insurance, net profit 41.9 billion in January ... Year 比 35.9% ↑

[Korea gimmingyeong financial newspaper reporter] KB Insurance has posted 28 days in January has recorded a 41.9 billion won net profit increased 35.9% YoY.

He also recorded a 58.6 billion won operating profit increased 30.1% year-on-year, a record 846 billion won and sales increased 4.7%.

The operating margin showed a strong rise to 1.36% p to 6.93% from 5.57% last year.



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Last year, foreign institutional investment securities $ 52.2 billion led by insurers ↑

[Korea Jeongseon financial newspaper reporters - a new international accounting standards (IFRS 17) is significantly increased overseas securities investment by domestic factors, such as institutional investors in foreign bonds ahead of the implementation of insurance.

Bank of Korea According to foreign securities investment trends of major institutional investors in 2016 issued 28 days late last year, the domestic asset management companies, insurance companies, securities firms, including foreign currency securities investment funds of institutional investors from the previous end of 2015 to $ 173.74 billion 52.100008 billion increased Wanda Errors (42.9%).

Overseas investment by domestic institutions has been expanded since the last record in 2012 $ 12.3 billion $ 12.7 billion in 2013 net investments last year, the fifth consecutive year in 2014, including $ 16.8 billion.

Foreign investment in insurance companies showed a rise sharply. IFRS 17 is performed before the analysis that the increase in the foreign bond investment of insurance companies.

The end of last year, foreign investment in the insurance funds increased 64.98 billion months 1 years new $ 22.88 billion (52.5%) in Russia. Compared to the last end of 2014 ($ 33.68 billion), a level close to doubled.

Insurance companies dramatically increased investment in foreign stocks, but ceased to $ 2.61 billion dollars increased by 180 million months, foreign bonds ($ 18.28 billion) and Korea Water ($ 3.92 billion) investment.

Foreign securities investment funds of asset management companies was 797 billion dollars in 5000 totaled 10 000 19.500008 billion increase Wanda Errors (32.5%). Overseas investment in overseas securities investment foreign exchange bank of the year a new $ 7.25 billion (67.1%), securities increased $ 2.97 billion (37.2%).

The Bank of Korea analyzed that "insurance companies, asset management companies have increased overseas investment in foreign securities increased significantly influenced by new investments mainly foreign bonds.

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Jeungseonwi, disclosure violations up to 2 billion won fines imposed on the Daewoo Mirae

[Korea goyounghun financial newspaper reporter] Financial Services Commission under the Securities and Futures Commission decides on the agenda to impose fines 2 billion won in Daewoo Mirae Asset disclosure violations caught by conspired to asset-backed securities that were sold 28 days (ABS) products like private equity.

Jeungseonwi according to the original bill passed the jejaean of the last 20 days deliberation in the capital market research Committee fines two billion won. Daewoo Mirae Asset has sold 72 Vietnam landmark building related to the ABS 500 last year.

But that was controversial things tricky taken a de facto private format in a way that makes the sale of 15 special purpose corporation (SPC). Proceed with a private placement funding scheme without submitting a notification obligations of the public offering of securities products that the product was sold ruins.

The penalty is two billion won to its current maximum amount for the securities regulatory notice Not submitted. Sanctions for Daewoo, Mirae Asset is expected to be finalized at the regular meeting of the Finance Committee next month, 8 days.



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Last year, the average daily foreign exchange transactions $ 48.4 billion ... Won / Yuan Trading ↓

[Korea Jeongseon financial newspaper reporters - who last year was estimated that the size of the domestic foreign exchange bank foreign exchange transactions similar to the previous year.

27 days fell slightly Bank of Korea, the average daily trading volume of last year, according to a foreign exchange bank announced a "foreign exchange trends in the foreign exchange bank" it is $ 48.38 billion versus $ 50 million a year ($ 48.43 billion) in 2015.

In terms of product type, the spot exchange was only down $ 500 005 000 (2.7%) from the previous year to 30 million per day, $ 194 billion.

In particular, the won / yuan trading 400.007 million dollars and it was only lower than in 2015 to $ 20 billion last year. In this regard before December last year, the government announced through the Foreign Exchange Law Act amended the Right won / yuan direct transaction foreign exchange market two years promoting the health contribution relief again.

Another spot exchange transaction volume last year won / dollar fell to US $ 12 000 million dollars 14.500002 billion.

Forward exchange transactions and foreign exchange rate volatility as investors appeared to be increased.

Foreign Exchange Derivatives Trading foreign exchange banks last year has increased by 10 000 5000 289 billion dollars to 500 million US dollars over the previous year. In particular, the difference between non-resident and offshore forward (NDF) transactions increased by 7.96 billion dollars to 1.17 billion dollars.

The Bank of Korea (BOK) said "Last year, China's financial and economic instability, Breck sheets (European Union to leave the UK) approved, the exchange rate volatility under such rate hikes, Trump won the US presidential election in the US Federal Reserve increased NDF transactions of offshore investors' It explained.

The difference between the cheapest and the most expensive day of the year won / dollar exchange rate in 2010 (9.5 W) was greater in the most wide average of 7.5 million won after six years.

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CJ Freshway, 80 billion frozen potato market 'No. 1 challenge "

The aim [Korea gimeunji financial newspaper reporter] CJ group of companies specializing in catering and food materials distribution CJ Freshway the world's major supplier of McDonald's French fries JR Simple lot in hand for 80 billion won domestic B2B market frozen potatoes dominate.

CJ Freshway the last 15 days had signed a domestic B2B market frozen potatoes Lots of simple domestic wholesale channel supply agreement with Korea within the No. 1 provider said 27 days.

By CJ US company subsidiary of JR simple pilot who successfully Freshway contract with one simple Lot Korea is the commercialization of frozen potatoes for the first time in the world signed the, past since the whole year in advance to Korea in 1995 started the frozen potato supply high domestic B2B frozen potato market It has secured a share.

Domestic B2B frozen potato market has seen a more than 16% since 2008, last year the high growth trend change depending on eating out at a scale of about 800 million.

CJ Freshway said, "shows the country frozen potato market is more than the yearly double-digit as 80 billion won increase" and "may, through this agreement, expect the domestic frozen potato market share to be able to raise up to about 25%," he He said.

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SK Smile Microcredit Bank Foundation, since 2009 ordinary financial loans exceeded 200 billion

[Korea goyounghun financial newspaper reporter] SK smiles financial performance of the loan Foundation for financial support underprivileged rehabilitation topped 2,000 billion.

SK Group last December 2009, SK Smile Microcredit Bank Foundation to establish a jeosinyong, low-income financial marginalized the target with a smile loans total 200 billion won to one 10 000 8105 people, including financial loans since it began work self-employed until February 22 2017 one that said that the aggregate 27 days.

SK loans smile of a financial foundation for a break after the May 7, 2014 surpassed 100 billion won to 150 billion won in November 2015, topped 200 billion won again in just 15 months.

SK Smile Microcredit Bank Foundation is the promotion of micro-finance loans intended for 'visiting services, mainly to build a total of 21 branches nationwide and regional self-employed, which is difficult to find direct loans to traditional financial markets and marginalized areas of the country.

SK Smile Microcredit Bank Foundation supports, such as start-up funding of up to 70 million won to small business owners, etc. funded by contributions by the SK Group appeared and operating funds (annual interest rate 3.5-% ~ 4.5%) (2.5% annual rate), the National Housing Tenancy Deposit and.

SK Smile Microcredit Bank Foundation official explained, "because the differentiation factors such as rapid growth has financial SK smile" Getting Service "initiated at the suggestion of one of the products developed to meet the specific needs seomincheung and SK Group Chairman Chey Tae-won of loan performance."



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28 people 10 billion 'super dividend' rich Samsung Electronics Chairman Lee Kun-hee ... # 1

[Korea hyerin nine financial newspaper reporter] 'super dividend' paid rich dividends for more than 10 billion won in listed companies, stock holdings was estimated that up to 28 people.

After 27 days the dot-com tycoon listed companies are major shareholders and related parties aggregated based on the day, finishing the year 2016, payments received (excluding interim dividend) dividend over the fiscal year closing high dividend recipient was 10 billion won to 28 people.

Many listed companies have high dividend payouts while a total of 28 parties that receive high dividend payouts this year more than 10 billion won last year's 107.5 billion won to 833.4 billion won 7000 more than 28 billion yuan, increased by 14.8%.

This accounted for 7.2% of first place (128 million) increased by 190.3 billion won, Samsung Electronics Chairman Lee Kun-hee, than last year. The Chairman be paid a dividend of 2.9 billion won to 137.4 billion won this year held in the receive common shares of Samsung Electronics and preferred shares, Samsung C & T and Samsung SDS.

Dividends on the president right after the first 100 billion won to 103.4 billion won rich dividends for 2013, 107.9 billion won in 2012, 175.8 billion won in 2014, it was 177.4 billion won a year to rise in 2015, recorded the highest ever dividend this year.

To 77.3 billion won the same as last year, Chung Mong-koo, Hyundai-Kia Automotive Group Chairman 2nd, Chey Tae-won of SK Group chairman to 8.8% increase in 61 billion won last year 3rd Eui Sun Chung Hyundai Motor Vice this to 50 billion won, such as last year's fourth place, Lee Jae-yong, Samsung Electronics Vice President than last year 25.6% increase was 46.8 billion won.

Seogyeongbae Amore Pacific Group President of 30.9 billion won, jojeongho Meritz Financial Group President, 84% more than last year increased by 30.3 billion won, hongrahui Leeum Samsung Museum of Art curator 17.6% increase over last year's 29.8 billion won many receive 37.5% more than last year.

Jeongmongyun Hyundai Marine & Fire president 80% surge 26.4 billion won, johyeonjun Hyosung 25.7 billion won presidents increased 60.4% over last year, gubonmu LG group is similar to 25.5 billion won the previous year president last year, johyeonsang Hyosung Vice President followed with 21.4 billion won increased 48.7% .

Brother, Mr. choegiwon 194 billion won, 17.8 billion won joseokrae ago Hyosung Group Chairman, Vice Chairman Koo Bon-joon LG 176 billion, CJ Group Chairman Lee Jae-hyun 170 billion, jeongmongjin KCC Group Chairman Chey Tae-won of SK Group chairman be paid 153 billion.

Gimjunil Lock & Lock chairman is expected to be received 14.5 billion won listened to 100 billion won Super dividend ranks, gugwangmo LG managing 142 billion, Sang Hun Kim zonal advisors 136 billion won, Kim, Seok - Soo East-West Foods Chairman 130 billion, hongseokjo BGF Retail President paid 12.6 billion won to be.

Jeong, Yong - Jin Shinsegae vice-Mart, including group affiliated subsidiaries and Samsung Electronics Co., 24-10 000 5 Quanzhou held a total of 120 billion won in large dividends the subject was, Nam - Ho Dongbu manager 105 billion won, Kim Seung-yeon Hanwha Group chairman 10.2 billion won, gubonsik Hee Sung Group Vice President and Lee, Myoung - Hee 100 billion, respectively, Shinsegae group Chairman, President gimtaekjin NCsoft will receive a hefty dividend of 100 million.



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[Closing market] Kospi, dropped the line ... 2080 · SK Hynix, Samsung Electronics Foreign approximately 250 billion won net selling

[Korea hyerin nine financial newspaper reporter] KOSPI fell to the 2080 lines.

27 days KOSPI fell under the influence of poor finishing and sale of foreign higher market capitalization stocks. Foreign investors are cleared for SK Hynix and Samsung Electronics, IT daejangju each sold 102.3 billion won, 149.4 billion won worth.

Gyeonggyegam ahead of Donald Trump President's speech it can be interpreted as a sell-off to foreign influences.

The KOSPI index closed the day 8.60 points (0.41 percent) compared to the previous trading day down 2085.52.

By principal trading in foreign securities market were sold 225.7 billion won chiwot, individuals were net sold 329 billion. Institutions were net buyers of 217.9 billion won alone.

Foreigners are buying stocks NCsoft (25.8 billion), Samsung Engineering (19 billion), LG Innotek, etc. was (11.4 billion), selling stocks are SK Hynix (-1494 billion), Samsung Electronics (-1023 billion), Hana Financial Group ( -128 million) were the like.

On the other hand, institutions are buying stocks SK Hynix (75.5 billion), Samsung Electronics (57.5 billion), Doosan Infracore (14.9 billion) was such, stocks are selling NCsoft (-538 billion), LG Electronics (-320 billion), LG It appeared to display (-149 million) and the like.

By sector, banks have declined (-2.12%), financial services (-1.60%), transportation warehouse (-1.01%), electronics (-0.78%). On the other hand, construction (1.47%), machinery (1.12%), medical precision (0.95%), and electrical gaseueop (0.90%) rose.

Stocks open higher market capitalization was lower.

SK Hynix (-3.16%) and Samsung (-0.42%) fell accompany the foreign mass sell-off. SK Hynix has closed the chapter on ₩ 46,000, Samsung has completed a deal to ₩ 193,000.

Including KB Financial (-3.88%), Shinhan Financial Group (-2.14%) Financials were all closed weaker. On the other hand, Korea Electric Power Corporation (1.26%), LG Chem (0.53%), Hyundai (0.34 percent) was slightly higher.

The KOSDAQ index fell for three consecutive trading days.

KOSDAQ index ended the day Chapter contrast to the previous trading day 2.63 points, or 0.43 percent, down 612.12. Foreigners were net buyers in the KOSDAQ market and personal 18.8 billion won and 305 billion, respectively, the agency was net sold 45.4 billion won.

Won / dollar exchange rate in the Seoul foreign exchange market closed at 1133.7 won rose 2.2 won compared to previous trading.



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Hanwha Insurance, continuous dividend two years ... 9.1 billion size

[Korea gimmingyeong financial newspaper reporter] said it conducted a second consecutive year dividend according to Hanwha General Insurance improved performance this year was carried out in dividends last year, only 19 years.

Hanwha fiddling posted 27 days they performed a dividend of about 91 billion won. Dividend per week is $ 0.10, dividend yield is 1.4% and the consolidated financial statements dividend payout is 8.1%. Dividends per week compared to last year's dividend yield is increased and 30 won has risen 0.5 percent dividend payout ratio rose 1.2 percentage points.

While fiddling about that Hanwha 'was conducted in two consecutive years after the dividend last year, according to the improved performance,' he explained, 'it for shareholder value. "



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Camcorder, 818 billion foreclosure property auction

[Korea before lower cervical financial newspaper reporter] The camcorder will auction the seized property size 81.8 billion won.

Camcorder is 27 to 28 over the two days 26 days onbideu said that the auction 818 billion items, including 371 cases of residential buildings in 26 cases, including apartments, houses in the country. This auction has been included less than 70% of the appraised value goods 226 cases.

Auction bidding should be aware of when rights for tenant is responsible for analyzing and lightness to the buyer, so be careful. Also keep in mind that the object can be canceled before the auction bid on the grounds of tax payment, delivery disabling, etc.



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Samsung, more than one billion US donation Council undergoing premature dissolution rooms

[Korea ohahreum financial newspaper News] Samsung has launched a management swaesinan provided to minimize the space management due to the redemption Vice President Lee Jae-yong.

According to the business world 24, Samsung will discuss ways to lower the standards for Council decisions on the various contributions and donations from the day the Council of 10 million.

SEC regulations Board of Directors has gotta to go through the Council decision within a management committee only for more than 50 billion won donation.

The Samsung is greatly reduced the amount of donations 11-2 is interpreted as a measure to prevent the crisis in the second choesunsil.

Samsung Electronics official said, "not been finalized jungyijiman discuss the various swaesinan," he said.

In addition, the company reaches reportedly considering dismantling the three groups woljung control tower of the future strategy room (not all rooms).

Park Young - Soo sp Prime Minister hwanggyoan acting President is authorized to terminate the activities coming 28 days if you do not accept the extended investigation period.

If so, Samsung is put in prison, even if the US vice president is busy dismantling all rooms in March. However, if the independent counsel investigation is extended one months in all rooms dismantling the US is much sunyeon.

If the US has achieved three rooms dismantling woljung seems to be much faster speed of the Samsung also announced swaesinan.

All rooms now have a situation that requires the US to return to the HR including affiliates, because 50,000 more than the boss class. Once the presidents discussed the HR HR width may be greater than expected. All rooms are non-employees to return to their original affiliated companies.

They will strengthen the US Samsung affiliates rooms voluntary activities by management and the Board of Directors after the demolition plans. All rooms have features such as the US which is responsible for coordination between affiliates reportedly be shared etc., Samsung C & T, life.



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Samsung Electronics · SK 'Transparent Management' will ... 1 billion more than the public contribution

[Korea gimeunji financial newspaper reporter] business community is actively sets out to enhance the transparency of donations provided the excuse of the canon, such as adhesion doubt choesunsil gate.

Be sure to go through the information and related decisions of the Board of Directors to pay a Samsung Electronics and SK Group has more than 1 billion won donations and contributions, financial contributions According to 24 days was also released to 100%. Through the strengthening of the contribution payment process it is intended to dispel unnecessary misunderstanding sikindaneun in advance.

It is also through external pressure of immoral expects to be blocked. Silse regime also difficult to unreasonable demands, it is clear also it causes companies to reject it.

Samsung has to go through only if the decision of the Board of Directors to pay a donation to more than 30 billion ~ 50 billion won donation and social contribution fund and related parties 50 billion won before.

Prior to last 23 days and have 22 days to open the SK Telecom and SK Hynix Board of Directors to pay more than 1 billion won donation or sponsorship, including contributions passed a proposal to mandate the Board of Directors decision.

As the main subsidiary of SK Telecom, SK and SK Hynix entered the same pace the rest of subsidiaries are also expected to go follow the same procedure.

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Daewoo Shipbuilding & Marine Engineering, accounting fraud charges 4.545 billion won a second successive scale ...

[Korea hyerin nine financial newspaper reporter] can be subject to fines trillion was 4.545 billion won in Daewoo Shipbuilding committed accounting fraud. Based on a single company by May 8, 2013. First Savings Bank (6.692 billion won) Gyeongnam The monetary sanction after sanction of the second largest ever.

FSC Securities and Futures Commission (Chairman jeongeunbo) said that the last 23 days opened the first temporary violation of accounting standards at the meeting by creating a financial statement disclosures, the treatment imposed a 4.55 billion won in fines Shipbuilding Company. In addition gojaeho former Daewoo Shipbuilding CEO egen it had imposed fines of a total of 28 million won, including 16 million won, 12 million won egen jeongseongrip current representative.

In addition, jeungseonwi counsel dismissed gimyeoljung Chief Financial Officer (CFO), said auditors, exited the measures specified in Daewoo Shipbuilding for three years.

According to the financial authorities-scale accounting fraud committed a total of nine years from 2008 to 2016 Daewoo Shipbuilding & Marine Engineering last year has reached 7.7 trillion won on a cumulative basis. · Revenue was reduced to inflate reported expression that the cost of sales and related assets and liabilities.

Specifically, total construction estimates were over-year progress of the construction and operation reduced the expected cost, and did not delay damages (LD) due to the delayed delivery of the ship and overweight reflect deducted from gyeyakga. In addition, changes refusal notice the construction from ship owners (Change Order) to made the expected contract revenue reflects increased to gyeyakga, that while rewriting the past, the financial statements unfairly, including historical financial statements approval date after the ship owners and the agreed construction changes gyeyakga due to year increase reflects violated the disclosure in a manner such as to rewrite the past financial statements.

In addition, such a technique Long-term trade receivables allowance for doubtful accounts recorded under, excessive investments in subsidiaries recorded deferred tax assets related to net losses accounted hype, delay damages comments not shown, false declaration listed securities was caught.

Jeungseonwi fell measures such as Daewoo Shipbuilding Samjung Accounting Firm in violation of auditing standards and auditing the marine earn additional compensation fund, limited audit work. Samjung Accounting Firm for the Department issued a certified public accountant and specify actions such as stock-listed company audit work restrictions, limited audits of the Company.

On the other hand, it is treated jeungseonwi another external audit firm sanctions information on Anjin thanked the Shipbuilding said it would finalize in the process of undergoing further supervision and financial jeungseonwi above-discussed above.



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