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.
HI Investment & Securities Co. Ltd., an affiliate of South Korean shipbuilder Hyundai Heavy Industries Co. Ltd., has established an offshore aircraft leasing company to buy two used Boeing 777-300ER aircraft from a Chinese leasing firm for $209 million, jointly&hellip
ING Life Insurance Korea Ltd. sees core office buildings and infrastructure in the US and Europe remaining as attractive targets even in the periods of interest rate rises, with asset price gains likely to be offset by rent increases, said&hellip
South Korean investment firms, which have recently snapped up prime office buildings and warehouses in the US and Europe, are struggling to raise capital from domestic institutional investors, under increasing pressure to abandon the deals or tap retail investors. JB&hellip