Lotte Chemical and HD Hyundai Chemical have agreed to merge their NCC facilities, initiating South Korea’s first voluntary petrochemical restructuring; the companies have applied for government approval to advance industry competitiveness.
#YonhapInfomax #LotteChemical #HDHyundaiChemical #NCC #BusinessRestructuring #PetrochemicalIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92561

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#Setindiabiz #Section8Company #LLPConversion #CorporateCompliance #BusinessRestructuring

LG Household & Health Care’s Q3 operating profit plunged 56.5% year-on-year, missing forecasts as the company’s Beauty division underwent major restructuring, while HDB and Refreshment units posted moderate growth.
#YonhapInfomax #LGHouseholdHealthCare #OperatingProfit #BeautyDivision #Q3Earnings #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90089

CJ Freshway is forecast to post a 19% year-on-year increase in Q3 operating profit, driven by balanced growth across food materials distribution and foodservice, with margin improvements from business restructuring and new contract wins.
#YonhapInfomax #CJFreshway #OperatingProfit #Q3Earnings #Foodservice #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89219

South Korea's government and financial sector are expediting support for petrochemical industry restructuring, urging firms to submit detailed self-rescue plans early to access new financial aid and maintain current loan terms.
#YonhapInfomax #PetrochemicalIndustry #FinancialServicesCommission #BusinessRestructuring #FinancialSupport #RestructuringPlan #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84544

Hoban Group is restructuring by establishing HB Hoban Holdings as a pure holding company, aiming to boost management efficiency and drive long-term competitiveness across its subsidiaries.
#YonhapInfomax #HobanGroup #HBHobanHoldings #ManagementEfficiency #HoldingCompany #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82853

SK Enpulse, a subsidiary of SKC, is selling its Blank Mask business to Chinese buyers for 68 billion won ($51.2 million) as part of a strategic shift to focus on high-growth semiconductor back-end operations.
#YonhapInfomax #SKEnpulse #SKC #BlankMask #Semiconductor #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80915

PU Core sells its optical materials division to EssilorLuxottica for approximately $14.4 million, reinvesting proceeds into core polyol operations as part of a strategic restructuring in South Korea’s chemical sector.
#YonhapInfomax #PUCore #EssilorLuxottica #Polyol #BusinessRestructuring #SouthKoreaChemicalIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=72978

SK On has named Jang Yong-ho, CEO of SK Inc. and President & COO of SK Innovation, as board chairman, signaling SK Group’s move to strengthen direct oversight of its battery unit amid ongoing business restructuring.
#YonhapInfomax #SKOn #SKInc #BoardChairman #SKInnovation #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=72321

POSCO Group has sold its Chinese stainless steel subsidiary Zhangjiagang Pohang Stainless Steel to Tsingshan Group for about 400 billion won ($290 million), accelerating Chairman Chang In-hwa’s business restructuring and securing funds for future growth initiatives in India and the US.
#YonhapInfomax #POSCO #ZhangjiagangPohangStainlessSteel #TsingshanGroup #BusinessRestructuring #NetLosses #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71423

SK Innovation's new CEO Jang Yong-ho has pledged urgent business restructuring to restore competitiveness, as the company faces a 44.6 billion won Q1 operating loss and a 20% share price drop.
#YonhapInfomax #SKInnovation #JangYongHo #BusinessRestructuring #OperatingLoss #SharePriceDecline #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65812

SK Group is accelerating its business restructuring, selling assets such as SK Eleclink and environmental subsidiaries at a loss to focus on core sectors like AI and energy.
#YonhapInfomax #SKGroup #BusinessRestructuring #SKEleclink #AssetDivestment #AnchorEquityPartners #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64830

Kakao spins off Content CIC to form 'Daum Preparation New Corporation', aiming for enhanced efficiency and business competitiveness in portal operations
#YonhapInfomax #Kakao #ContentCIC #DaumPortal #CorporateSpinoff #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64321

Samsung Biologics announces spin-off to separate CDMO and biosimilar businesses, raising questions about potential restructuring of Samsung Electronics' semiconductor division amid similar concerns over conflicts of interest and market competitiveness.
#YonhapInfomax #SamsungBiologics #BusinessRestructuring #Semiconductor #Foundry #ConflictOfInterest #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64310

POSCO divests from Indian electrical steel joint venture as part of strategic restructuring, signaling shift towards core steel business and high-value products
#YonhapInfomax #POSCO #ElectricalSteelJV #IndianDivestment #BusinessRestructuring #IntegratedSteelMill #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63577

KT&G accelerates real estate asset sales, including hotels and offices, to fund shareholder returns and business restructuring, aiming to return 3.7 trillion won to shareholders by 2027.
#YonhapInfomax #KTG #RealEstateSales #ShareholderReturns #AssetLiquidation #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63286

SK C&C sells Pangyo data center to SK Broadband for 506.8 billion won, strengthening SK Group's focus on core businesses and enhancing synergies
#YonhapInfomax #SKCC #SKBroadband #DataCenter #PangyoDataCenter #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=62899

LG Display reports Q1 operating profit of 33.5 billion won, marking second consecutive quarter of profitability amid OLED sales growth and operational efficiencies
#YonhapInfomax #LGDisplay #OperatingProfit #OLED #Q1Earnings #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60173

CJ Freshway announces merger with wholly-owned subsidiary Fresh One, aiming to enhance management efficiency through business restructuring
#YonhapInfomax #CJFreshway #Merger #FreshOne #ManagementEfficiency #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59977

Dongwon Group restructures to boost global food business, aiming for 40% overseas sales by 2030 through subsidiary integration and business division consolidation.
#YonhapInfomax #DongwonGroup #GlobalFoodBusiness #StockExchange #BusinessRestructuring #OverseasExpansion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58600