On March 22, the Korea Ratings Agency made a pivotal decision to downgrade Shinsegae Construction’s unsecured bond credit rating from A (Negative) to A- (Stable). This move also saw a decrease in the company’s commercial paper (CP) rating from A2 to A2-. The downgrade stems from a combination of significant operational losses, lackluster sales performance, … 더 읽기
In a significant shift towards second-generation management, Samjin Pharmaceutical, a renowned name in the pharmaceutical industry, has officially announced the induction of the founders’ descendants into its board, marking a notable transition in its corporate governance. The recent shareholders’ meeting saw the approval of key appointments that underscore the company’s commitment to blending legacy with … 더 읽기
Shinsegae Group announced Jung Yong-jin’s elevation on March 8, marking a notable progression in his 29-year journey with the company. Despite this advancement, his operational role remains largely unchanged, with his mother, Lee Myung-hee, continuing as the overarching chairperson, maintaining the family’s stewardship over the conglomerate. The transition has been interpreted as a strategic decision … 더 읽기
