The top executives of Samsung Group's major affiliates such as Samsung Electronics, Samsung life, and Samsung C&T would likely remain in post for the time being.
According to industry sources on March 12, the three Samsung affiliates, which emerged as the group's new troika after the group dismantled its future strategy office, the nerve center of operations for the sprawling conglomerate, will simultaneously host general shareholders meeting on March 24.
Among key agendas Samsung Life set for its general shareholders meeting are the extension of tenure for its CEO Kim Chang-soo, and the appointment of Choi Shin-hyung, vice president of CPC Strategy, as a new corporate director. The two issues are expected to pass smoothly during the meeting.
Samsung C&T will also discuss and vote on whether to reappoint Jang Dal-joong and Kwon Jae-chul as corporate directors during its general shareholders meeting.
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip
Four South Korean institutional investors will acquire 100 billion won ($88 million) worth of senior debts secured on two US gas-fired power plants from CIT Bank, in a rare secondary debt investment for domestic investors. The unidentified Korean institutions, including insurance&hellip