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• Shinhan Financial to acquire LG Card in estimated 7.5 billion dollar deal

  - 2006-08-15

  SEOUL AFP — South Korea's largest credit card issuer, LG Card, is set to be folded into Shinhan Financial Group SFG, creditors said, in an estimated massive 7.5 billion dollar industry shake-up. "SFG has been selected as the preferred bidder to acquire LG Card," said Korea Development Bank KDB,...

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• Blue Coat Systems.(PARTNERSHIPS AND DEALS)(its security software is used by LG Card Company Ltd. and Exempla Healthcare)(Brief article)

  - 2006-08-01

  Blue Coat Systems announced that LG Card of South Korea has deployed its appliances to protect the company's network from spyware and virus attacks. Blue Coat is also protecting medical data for Exempla Healthcare.

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• Creditors conditionally approve public tender offer for LG Card

  - 2006-07-10

  SEOUL AFP — LG Card's key creditors have conditionally approved the regulator's decision that a public tender offer be held to sell a controlling stake in South Korea's largest credit card issuer, officials have said. Major creditors led by the state-run Korea Development Bank KDB had sought to sell...

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• SKorea's LG Group, creditors remain wide apart on LG Card bailout

  - 2004-12-30

  SEOUL AFP — South Korea's LG Group and creditors of its former card unit remain dvidied over a 1.1 billion dollar bailout for LG Card as overnight talks failed on how to split the rescue bill. Creditors led by Korea Development Bank KDB have threatened to put the country's...

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• Creditors, LG to compromise on rescue for LG Card: financial watchdog

  - 2004-12-28

  SEOUL AFP — South Korea's top financial watchdog says creditors and the LG Group would eventually compromise over how to rescue LG Card in order to avoid the demise of the country's largest card issuer. Shares of LG Card were up 5.4 percent at 15,500 won, with investors betting...

  Tags: LG Card, LG Electronics Inc., LG Group

• Key creditors issue liquidation ultimatum over South Korea's LG Card

  - 2004-12-27

  SEOUL AFP — Key creditors of South Korea's ailing LG Card issued an ultimatum that LG Group should help bail out its former card unit by Wednesday or otherwise it will be put into liquidation. The final warning came as heads of four main creditors met to discuss the...

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• LG Group officially rejects creditor demand to help LG Card

  - 2004-12-21

  SEOUL AFP — The LG Group officially turned down a request by creditors of LG Card to provide further help in rescuing the country's largest credit card issuer, the group said. The rejection added to uncertainties about the fate of the troubled company, sending LG Card shares down 8.7...

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• SKorea's LG Card to sell brokerage unit to Woori Financial

  - 2004-07-07

  SEOUL AFP ? South Korea's ailing LG Card said it has signed a memorandum of understanding to sell its brokerage unit LG Investment and Securities to state-run Woori Financial Group. Woori, South Korea's third largest banking group, will submit a final bidding proposal for the brokerage after conducting due...

  Tags: Agence France-Presse, LG Card, LG Electronics Inc.

• SKorea's LG Card approves capital reduction for bailout

  - 2004-04-27

  SEOUL AFP ? LG Card, South Korea's largest credit card issuer, said its shareholders had approved a massive capital write-down, one of the conditions for a rescue package. The company's equity capital will be cut to just 40 billion won (35 million dollars) from the current 1.74 trillion won...

  Tags: Agence France-Presse, LG Card

• Creditors reach deal but final obstacle holds up LG Card rescue

  - 2004-01-09

  SEOUL AFP ? Creditors of South Korea's ailing LG Card and its parent LG Group agreed on most terms for rescuing the country's largest card issuer but one bank remained opposed to part of the deal. "We have reached an agreement on all issues but one," Woori Bank's vice...

  Tags: LG Card, LG Group