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Panasonic acquires 50% stake in Sanyo

OSAKA, Japan - This combination of undated file photos shows the headquarters of Panasonic Corp. and Sanyo Electric Co. in Osaka. Panasonic announced Dec. 10, 2009 that it acquired a 50.19 percent stake in Sanyo for 403.78 billion yen, completing a tender offer that would create one of the world's largest consumer electronics conglomerates with a strong grip on solar and battery markets.

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Panasonic gets 50.19% stake in Sanyo in successful tender offer

OSAKA, Japan - Fumio Otsubo (L), president of Panasonic Corp., and Seiichiro Sano, president of Sanyo Electric Co., shake hands during a press conference in Osaka on Dec. 10, 2009, at which they announced that Panasonic has acquired a 50.19 percent stake in Sanyo for 403.78 billion yen, completing a tender offer that will create one of the world's largest consumer electronics conglomerates.

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South Korea gets new finance minister

SEOUL, South Korea - File photo shows Jin Nyum, who was appointed as South Korea's minister of finance and economy on Aug. 7. The appointment of Jin, formerly the planning and budget minister, was part of a cabinet reshuffle aimed at bolstering government efforts to complete financial reforms and restructure industrial conglomerates.

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A call for restructuring

South Korean President Kim Dae Jung (3rd from L) speaks at a meeting on Dec. 7 with leaders from the country's top five business conglomerates -- Hyundai, Samsung, Daewoo, LG and SK, as well as major economic policy makers and heads of creditor banks at the Blue House presidential office in Seoul. The leaders agreed to implement restructuring programs, including the swap of Samsung's auto unit and Daewoo's electronics unit, to overcome the economic crisis.

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S. Korea's 'chaebol' announce restructuring plans

South Korea's five largest business conglomerates or ''chaebol'' agreed Thursday Sept. 3 to restructure their affiliated companies in line with demands by the International Monetary Fund (IMF) to streamline the country's economy. Sohn Byung Doo (L), vice president of the Federation of Korean Industries, announces the agreement at a news conference in Seoul.

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Chinese firms lauded for investing in Zimbabwe

STORY: Chinese firms lauded for investing in Zimbabwe DATELINE: June 18, 2022 LENGTH: 00:03:26 LOCATION: BIKITA, Zimbabwe CATEGORY: ECONOMY SHOTLIST: 1. various of the ceremony 2. SOUNDBITE (English): EMMERSON MNANGAGWA, President of Zimbabwe STORYLINE: Zimbabwean President Emmerson Mnangagwa on Friday officiated the launch of a Chinese-funded project to build a processing plant and increase lithium output at Bikita lithium mine, about 320 km from Harare, the capital of Zimbabwe. The 200-million-U.S. dollar project follows the acquisition of mining entity Bikita Minerals by Sinomine Resource Group, a Chinese mineral exploration engineering technical services company, in January. SOUNDBITE (English): EMMERSON MNANGAGWA, Zimbabwean President "My government cherishes the willingness of companies from the People's Republic of China to invest in Zimbabwe. This has led to a number of top-tier Chinese conglomerates investing in various sectors of our economy, with win-win benefits for all. It is my expectation

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S. Korea prosecutors seek 30-year prison term for Park

South Korean prosecutors demanded a 30-year prison term for former President Park Geun Hye, seen in this undated file photo, on Feb. 27, 2018. Park has been convicted of colluding with her close friend Choi Soon Sil to take and solicit bribes from business conglomerates, including Samsung Electronics Co. (Kyodo) ==Kyodo

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S. Korean prosecutors suspect Park of further collusion with friend

File photo shows South Korean President Park Geun Hye. South Korean prosecutors said on Nov. 27, 2016, that the president is suspected of colluding with her indicted confidante Choi Soon Sil in forcing conglomerates to give advertising contracts to an ad agency set up by Choi and an associate. (Kyodo) ==Kyodo

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A call for restructuring

South Korean President Kim Dae Jung (3rd from L) speaks at a meeting Dec. 7 with leaders from the country's top five business conglomerates -- Hyundai, Samsung, Daewoo, LG and SK, as well as major economic policy makers and heads of creditor banks at the Blue House presidential office in Seoul. The leaders agreed to implement restructuring programs, including the swap of Samsung's auto unit and Daewoo's electronics unit, to overcome the economic crisis. ==Kyodo

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Funeral for Lotte Group founder Shin Kyuk Ho

The funeral service for Shin Kyuk Ho, the founder of Lotte Group, one of South Korea's biggest and best-known conglomerates, is held in Seoul on Jan. 22, 2020. He died Jan. 19 at age 98. (Kyodo) ==Kyodo

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Lotte Group founder Shin Kyuk Ho dies at 98

File photo taken in Seoul in December 1986 shows Shin Kyuk Ho, the founder of Lotte Group, one of South Korea's biggest and best-known conglomerates. He died Jan. 19, 2020, at the age of 98. (Kyodo) ==Kyodo

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Lotte Group founder Shin Kyuk Ho dies at 98

File photo taken in Seoul in March 2017 shows Shin Kyuk Ho, the founder of Lotte Group, one of South Korea's biggest and best-known conglomerates. He died Jan. 19, 2020, at the age of 98. (Kyodo) ==Kyodo

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Lotte Group founder Shin Kyuk Ho dies at 98

File photo taken in March 2017 shows Shin Kyuk Ho, the founder of Lotte Group, one of South Korea's biggest and best-known conglomerates. He died Jan. 19, 2020, at the age of 98. (Kyodo) ==Kyodo

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S. Korean tycoons face parliamentary questioning over scandal

South Korean tycoons from the country's top conglomerates take an oath during a parliamentary hearing into an ongoing influence-peddling scandal linked to embattled President Park Geun Hye's longtime confidante, at the National Assembly in Seoul on Dec. 6, 2016. The appearance of the nation's leading business chiefs before the two-day parliamentary hearing was the first such event in 28 years. (Pool photo)(Kyodo) ==Kyodo

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Panasonic acquires 50% stake in Sanyo

OSAKA, Japan - This combination of undated file photos shows the headquarters of Panasonic Corp. and Sanyo Electric Co. in Osaka. Panasonic announced Dec. 10, 2009 that it acquired a 50.19 percent stake in Sanyo for 403.78 billion yen, completing a tender offer that would create one of the world's largest consumer electronics conglomerates with a strong grip on solar and battery markets. (Kyodo)

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Panasonic gets 50.19% stake in Sanyo in successful tender offer

OSAKA, Japan - Fumio Otsubo (L), president of Panasonic Corp., and Seiichiro Sano, president of Sanyo Electric Co., shake hands during a press conference in Osaka on Dec. 10, 2009, at which they announced that Panasonic has acquired a 50.19 percent stake in Sanyo for 403.78 billion yen, completing a tender offer that will create one of the world's largest consumer electronics conglomerates. (Kyodo)

E

South Korea gets new finance minister

SEOUL, South Korea - File photo shows Jin Nyum, who was appointed as South Korea's minister of finance and economy on Aug. 7. The appointment of Jin, formerly the planning and budget minister, was part of a cabinet reshuffle aimed at bolstering government efforts to complete financial reforms and restructure industrial conglomerates.

E

S. Korea's 'chaebol' announce restructuring plans

South Korea's five largest business conglomerates or ''chaebol'' agreed Thursday Sept. 3 to restructure their affiliated companies in line with demands by the International Monetary Fund (IMF) to streamline the country's economy. Sohn Byung Doo (L), vice president of the Federation of Korean Industries, announces the agreement at a news conference in Seoul.