Most Popular

1
Industry experts predicts tough choices as NewJeans' ultimatum nears
2
Jung's paternity reveal exposes where Korea stands on extramarital babies
3
Seoul city opens emergency care centers
4
Opposition chief acquitted of instigating perjury
5
[Exclusive] Hyundai Mobis eyes closer ties with BYD

6
[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
7
Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
8
Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
9
Prosecutors seek 5-year prison term for Samsung chief in merger retrial
10
UN talks on plastic pollution treaty begin with grim outlook

NewsletterSubscribe

Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Samsung Electro-Mechanics to sell its stake in Samsung Card

By 이다영

Published : Dec. 13, 2013 - 20:45

- Link copied

Samsung Electro-Mechanics Co., an affiliate of South Korea's biggest conglomerate Samsung Group, said Friday that its board has decided to sell its entire stake in Samsung Card Co. to improve its financial health and resources.

Samsung Electro-Mechanics plans to sell its 4.42 million shares to Samsung Life Insurance Co., another Samsung Group affiliate, for 157.6 billion won (US$149.7 million), the company said in a regulatory filing.

The stake sale was to be made through a block deal after the close of the local stock market Friday, Samsung Electro-Mechanics said. (Yonhap News)

Samsung Electro-Mechanics to sell its stake in Samsung Card

More from Headlines