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South Korean SK Group a major Vingroup shareholder

South Korean SK Group a major Vingroup shareholder

English
The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea. Photo by REUTERS/Kim Hong-Ji SK Group has spent nearly $1 billion on a 6.15 percent stake in Vingroup, Vietnam’s biggest private conglomerate. The Ho Chi Minh City Stock Exchange (HoSE) announced Tuesday afternoon that 205.7 million VIC shares of Vingroup were bought by SK Investment Vina II – a subsidiary of the SK Group, on May 21. With a 6.15 percent stake in Vingroup, SK Group has become a major shareholder under Vietnamese law, a status conferred on a shareholder directly or indirectly owning at least 5 percent of voting shares. The transaction happened five days after Vingroup and SK Group signed a strategic cooperation agreement. According to the agreement, SK Group would spend V...
Report affirms Korean Wave still strong in Vietnam

Report affirms Korean Wave still strong in Vietnam

English
BTS is a highly popular South Korean boyband in Vietnam. Photo by AFP/Lisa O'ConnorA survey has found that 51 percent of Vietnamese people like Korean pop music, and 68 percent favor South Korean dramas. Up to 31 percent of respondents said they like Korean pop music, and 20 percent said they like it "very much", according to a survey results released recently by HCMC-based market research firm Q&Me. Among the most popular K-pop artists are BTS, Big Bang and G-Dragon. Around 68 percent of Vietnamese prefer Korean dramas and movies, with 25 percent liking them a lot. The most popular Korean dramas and movies are Descendants Of The Sun and Boy Over Flowers. Korean cuisine was favored by 58 percent of respondents, with popular dishes including kimchi (Korean pickled vegetable...