Samsung heir, IBM CEO meet on possible partnership

[THE INVESTOR] Samsung Electronics vice chairman Lee Jae-yong and IBM CEO Virginia Rometty had a private meeting last week during the annual Sun Valley Conference in Idaho, it was confirmed on July 14. The high-profile meeting has drawn keen interest among industry watchers here as it could hint at a possible partnership between the two tech giants. Daily Mail homepageSamsung has recently been making a big push to elevate its software prowess. Sources predict Samsung could seek to share IBM’s so

July 14, 2016

LINE’s IPO 25 times oversubscribed

[THE INVESTOR] LINE Corp.’s simultaneous initial public offerings in Japan and the US this week were nearly 25 times oversubscribed with deposits totaling 2.77 trillion yen (US$2.66 billion), according to lead managers of the dual stock listings on July 14. LINE, operator of its namesake immensely popular mobile messaging app, will make its stock debut on the New York Stock Exchange on July 14 and Tokyo Stock Exchange the next day. Naver board chairman Lee Hae-jinReflecting keen interest among i

July 14, 2016

GS’s 4th generation owners increase stake

[THE INVESTOR] The great-grandchildren of GS Group(chairman Huh Chang-soo) are steadily increasing their stake in the family business. On July 13, GS announced that GS Caltex executive vice president Huh Joon-hong has purchased 52,000 shares on July 7 and 8. He had the largest stake in the holding company among the fourth generation with 1.64 percent (1,556,327 shares) as of February 2016.GS Caltex executive vice president Huh Joon-hongHe is the great-grandson of GS Group founder Huh Man-jung an

July 14, 2016

Speculations rise over Park Sam-koo and Kumho Tire

[THE INVESTOR] The news of Kumho Tire creditors seeking a buyer for their stake is fueling speculations about Kumho Asiana Group chairman Park Sam-koo’s future course of action. Park holds pre-emption rights, and he has been working on rebuilding the group that was fragmented due to financial troubles in the late 2000s.However, the massive figures associated with Kumho Tire sale have prompted speculations that Park’s plans for the company may be difficult to achieve.Kumho Asiana Group chairman P

July 14, 2016

Nexon founder summoned as suspect in insider trading scandal

[THE INVESTOR] Prosecutors on July 13 summoned Kim Jung-ju, founder of the nation’s largest game company Nexon, on suspicions that he gave insider information to a senior prosecutor to help him gain illegal stock gains.The prosecutors said they will question Kim on whether he had leaked information about the stock market debut of Nexon Japan to Jin Kyung-joon, a prosecutor who is also his college friend.Nexon founder Kim Jung-ju (third from left) / The Investor(Chung Hee-jo)Jin had bought 10,000

July 13, 2016