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Hanwha Energy to buy larger stake in holding firm of Hanwha Group

Hanwha Energy Corp., fully owned by the three sons of Hanwha Group Chairman Kim Seung-youn, said Friday it will pay some 180 billion won (US$131 million) to buy an 8 percent stake in the group’s holding company, Hanwha Corp.

Hanwha Energy will make …

Seoul shares extend gains late Fri. morning ahead of U.S. data

Seoul shares extended gains late Friday morning as investors await U.S. jobs data this week for clues on the Federal Reserve’s future policy path.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 34 points, or 1.2 percent, to 2,858.94 …

Hanwha Energy to buy larger stake in holding firm of Hanwha Group

Hanwha Energy Corp., fully owned by the three sons of Hanwha Group Chairman Kim Seung-youn, said Friday it will pay some 180 billion won (US$131 million) to buy an 8 percent stake in the group’s holding company, Hanwha Corp.

Hanwha Energy will make …