Korea Exchange is the sole securities exchange operator in South Korea. It is headquartered in Busan, has an office for cash markets and market oversight in Seoul; the Korea Exchange was created through the integration of Korea Stock Exchange, Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division; as of January 2015, Korea Exchange had 2,030 listed companies with a combined market capitalization of $1.2 trillion. The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays and holidays declared by the Exchange in advance. On 22 May 2015, The Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.
KOSPI Market DivisionStocks Bonds Exchange Traded Funds Exchange-Linked Warrants Real Estate Investment Trusts KOSDAQ Market DivisionStocksDerivatives Market DivisionIndex Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options Single Stock Futures Equity Options Interest Rate Instruments: 3-Year KTB Futures, 5-Year KTB Futures, 10-Year KTB Futures Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures Korea Financial Investment Association List of East Asian stock exchanges Korea Exchange Website
Hyundai Glovis Co. Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, packaging services, it changed its name to Hyundai Glovis in June 2003. The meaning of the name Glovis comes from a portmanteau that combines together the two words "Global - Vision". Hyundai Glovis main business areas in South Korea and internationally are finished vehicles distribution by Roll-on/roll-off ocean shipping, air transportation, inland truck transportation, logistics consulting and packaging services, as well as supply chain management services. Since 2011, the company has launched an auto parts recycling business, named "OnECO," that consists of distribution of reused and remanufactured auto parts; the company fleet includes 55 Pure Car and Trucks carriers and 36 bulk carrier ships, deployed on 13 different service routes globally.
On 1 November 2013 the Port of Le Havre welcomed Glovis maiden port stay in France. Mv Glovis Condor called the port on her way from Gothenburg to Southampton to load and unload cargo used trucks and military vehicles destined to Middle East. On 23 November 2014, Glovis announced the acquisition of the Polish logistics specialised distributor Adampol; the company owns 611 Car carrier trailer trucks, manage 600 loads per day, has a total staff of over 1300 employees. The main business is storage, pick up from ports and distribution of new cars within Eastern Europe and Russia, with an average of 400,000 cars delivered per year to the final dealers, for brands such BMW, General Motors and Volkswagen. On 16 June 2016 the company reaffirmed their intention not to support the Federal government of the United States demands to employ or charter US flagged vessels; the American Government has suggested on a number of occasions the opportunity to reflag or hiring vessels registered in US, to carry military equipment on Glovis' ballast leg from US to South Korea.
However, due to costs involved, the South Korea's Ministry of Oceans and Fisheries politely declined. On 27 December 2016, mv Glovis Corona faced a serious near miss, due to severe weather conditions in Europe North Sea; the vessel listed of 15 degrees, caused by cargo movements in the holds, when cars and high and heavy cargo broke their lashings, dangerously moving within the decks. The accident took place when mv Glovis Corona was sailing from Hamburg to Gothenborg, having to stop close to Bremerhaven anchorage. On 30 December a berth was granted at Bremrehaven, to discharge 1800 cars, to further ballast to the keel. Owing to the situation, the export voyage had to be cancelled and the cargo bookings rolled to another sailing. On 15 February 2018 mv Glovis Spring run aground within the Paracel Islands waters; the vessel was sailing from Singapore to Hong Kong, with over 3400 brand new European manufactured cars on board, when ended up in shallow waters related to the shifting of landfill materials arranged by the Chinese authorities, summed up with extreme low tide sea conditions.
Two Chinese companies proposed to assist with the maritime salvage promptly sending divers and tugboats. The operation was awarded to a joint venture formed by Messrs Ardent and Guangzhou Salvage. Mv Glovis Spring was refloated, made free 4 days after the grounding. On Monday 21 May 2018 mv Auto Banner, part of Glovis tonnage, caught fire while alongside Incheon port, due to overheating of one of the vehicle just loaded on board, destined to Libya; the crew of 28 had to be evacuated from on board, while fire brigades proceeded to extinguish the fire from sea and air. Mv Auto Banner was built in 1988, used to be part of STX Pan Ocean fleet; the ship resulted in good conditions, according to a recent port state inspection performed in January 2018 in Portland, US. In August 2018, Hyundai Glovis inaugurated transporting container via the Transsiberian Railway, after shipping them via sea to Vladivostok. Hyundai Glovis expects to cut the transit time from 43 days by ship on the southern route around the Eurasian landmass, via the Strait of Malacca, the Suez Canal and the Strait of Gibraltar, to 22 days by rail via Vladivostok.
The 22 days are composed of "two days from Busan to Vladivostok. South Korean governments since Park Geun-hye have worked for this goal. For this purpose, on June 7, 2018, South Korea became an official member of the Organization for Cooperation of Railways. "South Korea's official membership in the OSJD", Heo Seung wrote on June 8, 2018 in Hankoryeh, "means it will be able to take part in the operation of 280,000km of international railway lines in Eurasia, which include the Trans China Railway and Trans-Siberian Railway. OSJD members are entitled to transport passengers and freight without the need for separate agreements with countries where the railways pass through." Hyundai Glovis official site
DGB Financial Group
DGB Financial Group (Korean: DGB금융그룹, is a South Korean banking holding company headquartered in Daegu. Its flagship company, Daegu Bank, is one of the largest regional banks in the country serving customers in the Daegu-Gyeongbuk region; the group was founded on May 17, 2011 upon the Financial Supervisory Service's approval for the establishment of a financial holding company for Daegu Bank and its two arms, Daegu Credit Information and Kardnet. Ha Chun-soo is serving as president and CEO of both Daegu Bank and DGB Financial. List of banks in South Korea Daegu Gyeongbuk DGB Daegu Bank Park Official website
Hyundai Department Store
Hyundai Department Store, together with Lotte Department Store and Shinsegae, is one of the three major department store chains in South Korea. It has more than $340 million in annual sales, its parent company is the Hyundai Department Store Group. Seoul Metropolitan Area Apgujeong Main Store in Gangnam-gu, Seoul World Trade Center Store in Gangnam-gu, Seoul Cheonho Store in Gangdong-gu, Seoul Sinchon Store - Main Building & U-PLEX in Seodaemun-gu, Seoul Mia Store in Seongbuk-gu, Seoul Mokdong Store in Yangcheon-gu, Seoul Jungdong Store in Wonmi-gu, Gyeonggi-do Kintex Store in Ilsanseo-gu, Gyeonggi-do Pangyo Store in Bundang-gu, Gyeonggi-do HYUNDAI CITY MALL AT GARDEN5 MALL SOUTHERN SEOUL open 2017 Gimpo premium mall at Gimpo marina city, SW SEOUL in Gimpo city next to Gimpo airport Parc one Yeoido mall Hyundai department store 77-storey office tower and shopping mall complex under constructionYeongnam Region Ulsan Store in Nam-gu, Ulsan Ulsan Dong-gu Store in Dong-gu, Ulsan Busan Store in Dong-gu, Busan Daegu Store in Jung-gu, DaeguHoseo Region Chungcheong Store in Heungdeok-gu, Chungcheongbuk-doPlanned stores Asan Store in Asan, Chungcheongnam-do Yangjae Store in Seocho-gu, Seoul Gwanggyo Store in Yeongtong-gu, Gyeonggi-do Ansan Store in Ansan, Gyeonggi-do A shopping mall in Centum City, Haeundae-gu, Busan Defunct stores Bupyeong Store in Bupyeong-gu, Incheon Banpo Outlet in Seocho-gu, Seoul Fashion Outlet "May" in Jung-gu, Ulsan Gwangju Store in Buk-gu, Gwangju Hyundai Department Store
Korea Electric Power Corporation
Korea Electric Power Corporation, better known as KEPCO or Hanjeon, is the largest electric utility in South Korea, responsible for the generation and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO is responsible for 93% of Korea's electricity generation; the South Korean government owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW. On the 2011 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 271. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators; as of August 2011, KEPCO possesses an A+ credit rating with Fitch Ratings, while Moody's has assigned KEPCO an A1 stable rating. Located in Samseong-dong, Seoul, KEPCO headquarters is scheduled to relocate to the city of Naju in South Jeolla Province in August 2014 as part of a government decentralization program.
The move, in the works for years has been controversial Hwan-Ik Cho is the president and CEO of KEPCO. KEPCO traces its origins to Hanseong Jeongi Hoesa, founded in 1898 during the Joseon Dynasty; the announcement of the Chosun Electricity Control Decree by the Colonial Korean government in March 1943 saw the integration of several electric companies into the Korea Electric Power Company. The Korea Electric Company, established through the integration of the Korea Electric Power Company and two distribution companies, Gyeongsung Electric Company and South Korea Electric Company, opened on July 1, 1961. In 1982, KECO became a wholly government owned entity and was renamed the Korea Electric Power Corporation. KEPCO was listed on the Korea Composite Stock Price Index on August 10, 1989 and in 1994 on the New York Stock Exchange. In 1996, KEPCO was named the prime contractor for the multinational Korean Peninsula Energy Development Organization project to construct a light water reactor nuclear power plant in North Korea, a project, abandoned in 2006.
Following a push by the Korean government to restructure Korea's power industry which began in the mid-1990s, the Act on the Promotion of Restructuring the Electric Power Industry was proclaimed on December 23, 2000, after which the electricity generation business was split up into Korea Hydro & Nuclear Power, a subsidiary responsible for nuclear & hydro power generation, five thermal power generation companies: Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, Korea East-West Power. In October 2012, Korea Deposit Insurance Corporation sold its 3.6% of its stake in KEPCO for a fee of around $550 million. March 1887 – Turned the first electric lights on January 1898 – Founded Hansung Electric Company April 1900 – Lighted three streetlamps in Jongno by Hansung Electric Company March 1944 – Completed Supung Hydro Power Plant July 1961 – Established Korea Electric Power Company with Electricity Enterprises Act April 1964 – Cleared limited electric power transmission for the first time since national liberation December 1965 – Declared Act on the Promotion of Electrification in Agricultural and Fishing Villages May 1968 – Exceeded one million kW in electric power generation capacity April 1978 – Completed 1st unit of Kori Nuclear Power Plant January 1982 – Launched Korea Electric Power Corporation August 1989 – Listed on the Korea Stock Exchange as people's share No.2 October 1994 – Listed on the New York Stock Exchange for the first time February 1995 – Won bid to operate Malaya power plant in the Philippines August 1997 – Broke ground for KEDO nuclear power plant construction July 2000 – Exceeded 40 million kW in maximum demand electric power April 2001 – Spun the business off into six power generation subsidiaries June 2002 – Completed Ilijan Gas combined cycle power plant, the largest in the Philippines November 2005 – Increased voltage to 220 V for distribution line, commenced electric power supply to Gaesung Industrial Complex June 2006 – Awarded Edison Award September 2006 – Launched independent project division December 2009 – Exported nuclear power plant to overseas for the first time December 2011 – Selected as corrupt-free institute for six years in a row in anti-corruption evaluation, ranked first in customer satisfaction for 13 years in a row February 2012 – Completed Al Qatrana power plant in Jordan December 2012 – Ranked first in the public sector for 14 years in a row October 2013 – Hosted the World Energy Council, the world's largest and most influential energy event, in Daegu December 2014 – Relocated to Bitgaram Innovation City, opening the Energy Valley Era October 2015 – Successfully held Bitgaram International Exposition on Electric Power Technology May 2016 – Selected as the top electric utility in the 2016 Platts August 2016 – Won a 2016 CIO 100 Award, a first for a Korean company October 2016 – Signed a joint venture agreement for the operation of the UAE power plant KEPCO comprises six power generation companies and four subsidiaries in related business areas.
It owns a stake in four affiliated companies. Korea Hydro & Nuclear Power: operates 21 nuclear power plants and 27 hydropower plants in Korea which account for 18,265 MW in total capacity. Korea South-East Power: with 8,976 MW in total capacity, KOSEP operates the Samcheonpo Thermal Power Site Division and the Yeongheung Thermal Power Plant. Korea Midland Power: operates the Boryeong
A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are traded on a stock exchange or in over the counter markets. In some jurisdictions, public companies over a certain size must be listed on an exchange. A public company can be unlisted. Public companies are formed within the legal systems of particular nations, therefore have national associations and formal designations which are distinct and separate. For example one of the main public company forms in the United States is called a limited liability company, in France is called a "society of limited responsibility", in Britain a public limited company, in Germany a company with limited liability. While the general idea of a public company may be similar, differences are meaningful, are at the core of international law disputes with regard to industry and trade. In the early modern period, the Dutch developed several financial instruments and helped lay the foundations of modern financial system.
The Dutch East India Company became the first company in history to issue bonds and shares of stock to the general public. In other words, the VOC was the first publicly traded company, because it was the first company to be actually listed on an official stock exchange. While the Italian city-states produced the first transferable government bonds, they did not develop the other ingredient necessary to produce a fledged capital market: corporate shareholders; as Edward Stringham notes, "companies with transferable shares date back to classical Rome, but these were not enduring endeavors and no considerable secondary market existed." The securities of a publicly traded company are owned by many investors while the shares of a held company are owned by few shareholders. A company with many shareholders is not a publicly traded company. In the United States, in some instances, companies with over 500 shareholders may be required to report under the Securities Exchange Act of 1934. Public companies possess some advantages over held businesses.
Publicly traded companies are able to raise funds and capital through the sale of shares of stock. This is the reason publicly traded corporations are important; the profit on stock is gained in form of capital gain to the holders. The financial media and the public are able to access additional information about the business, since the business is legally bound, motivated, to publicly disseminate information regarding the financial status and future of the company to its many shareholders and the government; because many people have a vested interest in the company's success, the company may be more popular or recognizable than a private company. The initial shareholders of the company are able to share risk by selling shares to the public. If one were to hold a 100% share of the company, he or she would have to pay all of the business's debt; this increases asset liquidity and the company does not need to depend on funding from a bank. For example, in 2013 Facebook founder Mark Zuckerberg owned 29.3% of the company's class A shares, which gave him enough voting power to control the business, while allowing Facebook to raise capital from, distribute risk to, the remaining shareholders.
Facebook was a held company prior to its initial public offering in 2012. If some shares are given to managers or other employees, potential conflicts of interest between employees and shareholders will be remitted; as an example, in many tech companies, entry-level software engineers are given stock in the company upon being hired. Therefore, the engineers have a vested interest in the company succeeding financially, are incentivized to work harder and more diligently to ensure that success. Many stock exchanges require that publicly traded companies have their accounts audited by outside auditors, publish the accounts to their shareholders. Besides the cost, this may make useful information available to competitors. Various other annual and quarterly reports are required by law. In the United States, the Sarbanes–Oxley Act imposes additional requirements; the requirement for audited books is not imposed by the exchange known as OTC Pink. The shares may be maliciously held by outside shareholders and the original founders or owners may lose benefits and control.
The principal-agent problem, or the agency problem is a key weakness of public companies. The separation of a company's ownership and control is prevalent in such countries as U. K and U. S. In the United States, the Securities and Exchange Commission requires that firms whose stock is traded publicly report their major shareholders each year; the reports identify all institutional shareholders, all company officials who own shares in their firm, any individual or institution owning more than 5% of the firm's stock. For many years, newly created companies were held but held initial
Hyundai Motor Company
The Hyundai Motor Company known as Hyundai Motors, is a South Korean multinational automotive manufacturer headquartered in Seoul. The company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, its 100% owned luxury subsidiary Genesis Motor, altogether comprise the Hyundai Motor Group. It is the third largest vehicle manufacturer in the world. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 5,000 showrooms. Chung Ju-Yung founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was established in 1967; the company's first model, the Cortina, was released in cooperation with Ford Motor Company in 1968. When Hyundai wanted to develop their own car, they hired George Turnbull in February 1974, the former Managing Director of Austin Morris at British Leyland.
He in turn hired five other top British car engineers. They were Kenneth Barnett body design, engineers John Simpson and Edward Chapman, John Crosthwaite ex-BRM as chassis engineer and Peter Slater as chief development engineer. In 1975, the Pony, the first South Korean car, was released, with styling by Giorgio Giugiaro of ItalDesign and powertrain technology provided by Japan's Mitsubishi Motors. Exports began in the following year to Ecuador and soon thereafter to the Benelux countries. Hyundai entered the British market in 1982. In 1984, Hyundai began exporting the Pony to Canada, but not to the United States, as the Pony would not pass emissions standards there. Canadian sales exceeded expectations, it was at one point the top-selling car on the Canadian market. In 1985, the one millionth Hyundai car was built. In 1986, Hyundai began to sell cars in the United States, the Excel was nominated as "Best Product #10" by Fortune magazine because of its affordability; the company began to produce models with its own technology in 1988, beginning with the midsize Sonata.
In the spring of 1990, aggregate production of Hyundai automobiles reached the four million mark. In 1991, the company succeeded in developing its first proprietary gasoline engine, the four-cylinder Alpha, its own transmission, thus paving the way for technological independence. In 1996, Hyundai Motor India Limited was established with a production plant in Irungattukottai near Chennai, India. In 1998, Hyundai began to overhaul its image in an attempt to establish itself as a world-class brand. Chung Ju Yung transferred leadership of Hyundai Motor to his son, Chung Mong Koo, in 1999. Hyundai's parent company, Hyundai Motor Group, invested in the quality, design and long-term research of its vehicles, it added a 10-year or 100,000-mile warranty to cars sold in the United States and launched an aggressive marketing campaign. In 2004, Hyundai was ranked second in "initial quality" in a survey/study by J. D. Power and Associates. Hyundai is now one of the top 100 most valuable brands worldwide. Since 2002, Hyundai has been one of the worldwide official sponsors of the FIFA World Cup.
In 2006, the South Korean government initiated an investigation of Chung Mong Koo's practices as head of Hyundai, suspecting him of corruption. On 28 April 2006, Chung was arrested, charged for embezzlement of 100 billion South Korean won; as a result, Hyundai Vice Chairman and CEO, Kim Dong-jin, replaced him as head of the company. On 30 September 2011, Yang Seung Suk announced his retirement as CEO of Hyundai Motor Co. In the interim replacement period, Chung Mong-koo and Kim Eok-jo will divide the duties of the CEO position. Hyundai has six research and development centers, located in South Korea, Germany and India. Additionally, a center in California develops designs for the United States. Hyundai has made an app with augmented reality, showing users how to maintain vehicles. In 1998, after a shake-up in the South Korean auto industry caused by overambitious expansion and the Asian financial crisis, Hyundai acquired the majority of rival Kia Motors. Hyundai owns 33.88% of Kia. In 2000, the company established a strategic alliance with DaimlerChrysler and severed its partnership with the Hyundai Group.
In 2001, the Daimler-Hyundai Truck Corporation was formed. In 2004, DaimlerChrysler divested its interest in the company by selling its 10.5% stake for $900 million. Hyundai has invested in manufacturing plants in North America, the Czech Republic, Russia and Turkey as well as research and development centers in Europe, North America and the Pacific Rim. In 2004, Hyundai Motor Company had $57.2 billion in sales in South Korea making it the country's second largest corporation, or chaebol. Worldwide sales in 2005 reached an 11 percent increase over the previous year. In 2011, Hyundai sold 4.05 million cars worldwide and the Hyundai Motor Group was the world's fourth largest automaker behind GM, Volkswagen and Toyota. Hyundai vehicles are sold in 193 countries through some 5,000 dealerships. In 2006, Hyundai hired Thomas Bürkle as head of the company's design center in Germany. Bürkle had worked for BMW, having designed the BMW 3 Series, the BMW 6 Series. Hyundai's current design philosophy is known as Fluidic Sculpture, inspired by nature.
Hyundai Motor America began selling cars in the United States on 20 February 1986, with a single model, the Hyundai Excel, offered in