Showing posts with label subsidiary. Show all posts
Showing posts with label subsidiary. Show all posts

Thursday, March 2, 2017

KB Securities, a subsidiary savings bank re-sale of modern propulsion



[Korea goyounghun financial newspaper reporter] promotes KB Securities interim Fused who had stopped to re-integrate former subsidiary of Hyundai, Hyundai Securities Savings Bank sold.

Two days, according to the financial investment industry, KB Securities said it received a LOI to sell out the public bidding announcement of the sale organizers accounting firm EY Hanyoung the end of March to the modern day savings banks.

Modern Savings Bank with the acquisition of KB Financial Group is a 100% subsidiary of Hyundai Securities, Hyundai Securities was the grandson of the former company.

KB Financial betrayed its intention to sell its modern Savings Bank in September last year that duplicates the KB savings banks and businesses. Two savings banks are also operating the same area as Seoul and Gyeonggi Province. But at the time known as Rush & Cash products from Japan, Hong Kong private equity funds such as the Pacific Alliance Group (PAG) it is participating in the end insujeon fears.

In addition, KB Securities is seeking another subsidiary Hyundai Investment Manager is also the sale of Hyundai Securities.

KB Securities official said, "but review the various options with regard to asset management companies operating within the current group strategy Rajin was yet to be finalized," said, "I will decide within the market situation, taking into account a comprehensive synergy effects as soon as possible."



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Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Tuesday, February 28, 2017

Samsung, the future decommissioning strategy room ... Self-management subsidiary



[Korea ohahreum financial newspaper reporter] the control tower of the Samsung Group Future Strategy Department (not all rooms) disappeared into history.

Samsung has announced that the US business swaesinan rooms dismantling the core 28. This is approximately only 3 months after Lee Jae-yong, Samsung Electronics Vice professed a US congressional hearing rooms disbanded in December last year.

In fact, the total direct organization Art Exhibition 1959 from Chief of Staff founder chairman Lee fleet age, interchangeable has maintained the nameplate survived nearly 60 years.

Bakkwotgo in the name of the financial crisis in years 1998 Restructuring Headquarters (gujobon), in 2006 the so-called 'X Files' to illegal political fundraising events and donation Samsung revealed the party decided to reduce the gujobon. It rename reduced in size since the Strategic Planning Office.

In 2008 exposed the illegal acts such as Samsung independent counsel "to be followed by the trillion car name account management, Samsung Chairman Lee Kun-hee, the accused naohmyeonseo swaesinan Management Strategic Planning Office also celebrated the dismantling fate.

But behind the scenes coordination activities will continue dwaetgo Samsung Art Exhibition was sweet indeed changed the name of the now resurrected as the Strategic Planning Office in 2010.

There currently made up of seven teams, including Art Exhibition In fact, strategy and planning, personnel support, legal, communication, management assessment and financial support ilryuhwa. The 200 employees dispatched from each affiliate will work.

Samsung kkopneunda the 'triad of success, the leadership of Chairman Lee Kun-hee, all rooms of the US plan, the implementation of professional management.

US will have two rooms to see all the information received proposals prepared under the direction of a dense system of enforcement to the next position orderly fashion from affiliates led to the development of Samsung.

Art Exhibition in fact actually been responsible for managing and controlling the overall management of the group companies, including the formulation and enforcement, human resources and audit of mergers and acquisitions (M & A) and business plans of all companies.

The holding company will not adjust the interests of the affiliates in the situation and perform a control tower serves as a picture at the big picture of the group.

Samsung official said, "In the future, it intends to determine independently and by affiliated companies do business," said, "you would be if the president agreed between affiliates that need to be relevant on a case-by-case basis."

US Department employees 200 people, depending on dismantling all rooms are reported to be placed in Samsung C & T, life, etc. Go to the three main subsidiaries after the US won all rooms, including business succession management company or other affiliates.



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Copyright ⓒ Korea's financial newspaper & FNTIMES.com