Eugene Group, a mid-sized conglomerate with businesses ranging from distribution to finance, has won a bid to buy a major stake in news channel YTN, financial sources said Monday.
Three groups have submitted final bids to buy a major stake in cable news channel YTN, financial sources said Monday, with the results of the bidding expected to be announced later in the day. In November last year, two state-run firms announced a plan to put their combined 30.95 percent stake in YTN up for sale. Apparel exporter Hansae Co.; Eugene Group, with businesses ranging from distribution and finance to logis.
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Greater policy certainty in corporate taxes, flexibility in the labor market and enhanced intellectual property (IP) rights are needed to make Korea a regional business hub in Asia, according to the American Chamber of Commerce in Korea (AMCHAM Korea), Wednesday.