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South Korean investment company Hahn&Co announced the completion of the acquisition of a 90% stake in the shipping company SK Shipping for $1, 350 million from the energy conglomerate SK Group, finversia.ru writes. According to LNG World Shipping, thanks to the purchase of the largest shipping company in South Korea, the Hahn&Co fleet will have 16 tankers for liquefied natural gas. The SK Shipping fleet has 10 LNG tankers already in operation and 2 other ships under construction with a capacity of 180 thousand cubic meters, which will be delivered in 2019. According to the agreement already concluded with SK E&S, the new tankers will deliver LNG from the USA to Korea.
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
Chinese tech giant Tencent said on Thursday that it had purchased Malaysian video streaming platform Iflix’s “content, technology, and resources” in order to further grow its presence in Southeast Asia. Tencent said in a ...
Korean Air Co. Ltd. (003490.KS), South Korea’s largest airline and flag carrier, plans to sell new shares worth 1 trillion Won ($817 Million) in its biggest rights issue in 20 years. The company came up with self-rescue measures on Wednesday ...
South Korea President Moon Jae-in said on Wednesday said that the government has pledged to roll out a new supplementary budget as well as increase subsidies in a bid to save businesses in Korea. The fourth-largest economy in Asia had released ...
South Korea’s economy was monitored to have diminished at its most rapid pace since 2008. The contraction could be attributed to the inactivity of the virus-beaten business sector and slump in global demand, a Reuters survey showed on ...
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