[Asia Economy Reporter Moon Hyewon] Korea Technology has taken steps to strengthen its control over Daewoo Shipbuilding & Marine Engineering Construction.


On the 11th, Korea Technology announced through a public disclosure that, following the court ruling on the stock purchase payment lawsuit filed by Star Mobility (formerly Interbulls) against the company at the Seoul Central District Court, it will pay the remaining balance to Star Mobility and acquire all remaining shares of Korea Investment Bank (formerly DSC Value High No.1).


With this ruling, Korea Technology will pay the remaining balance to Star Mobility, excluding the already paid contract and interim payments of 500 million KRW out of the total 7 billion KRW deposit, and will acquire all remaining shares of Korea Investment Bank.


Hot Picks Today

About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column] About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]

Once the company pays the remaining balance, it will become the 100% shareholder of Korea Investment, the largest shareholder of Daewoo Shipbuilding & Marine Engineering Construction, thereby securing strong control rights.


한글 기사 보기
This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing