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 Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip
The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men growth capital unit focusing on minority stake deals was believed to have lost one or two managers recently.&hellip