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KG Group
The KG Group (, ) is a South Korean '' chaebol'' established in 2003 and operating, through its affiliates, in various industries and other businesses (including chemicals, steel, services, and media). The main affiliates of the KG Group are KG Chemical (its core company) and KG Steel. The KG Group expanded through mergers and acquisitions. History In 1985, Kwak Jae-sun and other investors founded Seil, a power plant company. In 2003, Kwak sold his Seil stake and used the money obtained to acquire a company under receivership, Gyeonggi Chemical (later renamed KG Chemical), initially a fertilizer producer which diversified through merging, and established the KG Group ''chaebol''. In the following years, the KG Group expanded through a mergers and acquisitions strategy. In 2005, it acquired the cogeneration company Sihwa Energy (later renamed to KG Energy and then KG ETS), and in 2008, it purchased the delivery company Yellow Cap (KG Yellow Cap). In 2010, it acquired waste t ...
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Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareho ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Bucheon
Bucheon () is a administrative divisions of South Korea, city in Gyeonggi Province, South Korea. Bucheon is located away from Seoul, of which it is a satellite town, satellite city. It is located between Incheon and Seoul. Bucheon is the second most densely populated city in South Korea after Seoul, and as a result, administrative districts were abolished in July 2016 in favor of providing greater public service in community centers. Major manufacturing operations are located in the northern areas of the city, while the areas in the south where Seoul Subway Line 7 and Seoul Subway Line 1 pass are dense commercial and residential areas. Modern history In 1914, the outer areas of Incheon City (including Gwangyo-dong, old Incheon's city center) and Bupyeong District#History of "old Bupyeong", Bupyeong County were joined under the name ''Bucheon''. In 1931, Gyenam township (''myeon'', 계남면) was renamed Sosa township (''myeon'', 소사면). In 1936, the westernmost part of Buc ...
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Rechargeable Battery
A rechargeable battery, storage battery, or secondary cell (formally a type of Accumulator (energy), energy accumulator), is a type of electrical battery which can be charged, discharged into a load, and recharged many times, as opposed to a disposable or primary battery, which is supplied fully charged and discarded after use. It is composed of one or more electrochemical cells. The term "accumulator" is used as it accumulator (energy), accumulates and energy storage, stores energy through a reversible electrochemical Chemical reaction, reaction. Rechargeable batteries are produced in many different shapes and sizes, ranging from Button cell#Rechargeable variants, button cells to megawatt systems connected to grid energy storage, stabilize an electrical distribution network. Several different combinations of electrode materials and electrolytes are used, including lead–acid battery, lead–acid, zinc–air battery, zinc–air, nickel–cadmium battery, nickel–cadmium (Ni ...
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Nickel Sulfate
Nickel(II) sulfate, or just nickel sulfate, usually refers to the inorganic compound with the formula NiSO4(H2O)6. This highly soluble blue green coloured salt is a common source of the Ni2+ ion for electroplating. Approximately 40,000 tonnes were produced in 2005. It is mainly used for electroplating of nickel. In 2005–2006, nickel sulfate was the top allergen in patch tests (19.0%).Zug KA, Warshaw EM, Fowler JF Jr, Maibach HI, Belsito DL, Pratt MD, Sasseville D, Storrs FJ, Taylor JS, Mathias CG, Deleo VA, Rietschel RL, Marks J. Patch-test results of the North American Contact Dermatitis Group 2005–2006. Dermatitis. 2009 May–Jun;20(3):149-60. Structures At least seven sulfate salts of nickel(II) are known. These salts differ in terms of their hydration or crystal habit. The common tetragonal hexahydrate crystallizes from aqueous solution between 30.7 and 53.8 °C. Below these temperatures, a heptahydrate crystallises, and above these temperatures an orthorhombi ...
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Mitsubishi Group
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 to 1946. The company was disbanded during the occupation of Japan following World War II. The former constituents of the company continue to share the Mitsubishi brand and trademark. Although the group of companies participate in limited business cooperation, most famously through monthly "Friday Conference" executive meetings, they are formally independent and are not under common control. The four main companies in the group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation (a general trading company), Mitsubishi Electric and Mitsubishi Heavy Industries (both diversified manufacturing companies). History The Mitsubishi company was established as a shipping firm by Iwasaki Yatarō (1834–1885) in 1870 under the name ...
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1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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Ticker Symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) representing specific assets or securities listed on a stock exchange or traded publicly. A stock symbol may consist of letters, numbers, or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine. Interpreting the symbol Stock symbols are unique identifiers assigned to each security traded on a particular market. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape, and to make it easy to recognize by traders and investors. The allocation of symbols and formatting conventions ...
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Avenir (typeface)
Avenir is a geometric sans-serif typeface designed by Adrian Frutiger in 1987 and released in 1988 by Linotype GmbH. The word '' avenir'' is French for "future". As the name suggests, the family takes inspiration from the geometric style of sans-serif typeface developed in the 1920s that took the circle as a basis, such as Erbar and Futura. Frutiger intended Avenir to be a more organic interpretation of the geometric style, more even in colour and suitable for extended text, with details recalling more traditional typefaces such as the two-storey 'a' and 't' with a curl at the bottom, and letters such as the 'o' that are not exact, perfect circles but optically corrected. Frutiger described Avenir as his finest work: "The quality of the draftsmanship – rather than the intellectual idea behind it – is my masterpiece. (...) It was the hardest typeface I have worked on in my life. Working on it, I always had human nature in mind. And what's crucial is that I developed the type ...
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Sans-serif
In typography and lettering, a sans-serif, sans serif, gothic, or simply sans letterform is one that does not have extending features called "serifs" at the end of strokes. Sans-serif typefaces tend to have less stroke width variation than serif typefaces. They are often used to convey simplicity and modernity or minimalism. Sans-serif typefaces have become the most prevalent for display of text on computer screens. On lower-resolution digital displays, fine details like serifs may disappear or appear too large. The term comes from the French word , meaning "without" and "serif" of uncertain origin, possibly from the Dutch word meaning "line" or pen-stroke. In printed media, they are more commonly used for display use and less for body text. Before the term "sans-serif" became common in English typography, a number of other terms had been used. One of these outmoded terms for sans-serif was gothic, which is still used in East Asian typography and sometimes seen in typeface na ...
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Initialism
An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as in ''Benelux'' (short for ''Belgium, the Netherlands, and Luxembourg''). They can also be a mixture, as in ''radar'' (''Radio Detection And Ranging''). Acronyms can be pronounced as words, like ''NASA'' and ''UNESCO''; as individual letters, like ''FBI'', ''TNT'', and ''ATM''; or as both letters and words, like '' JPEG'' (pronounced ') and ''IUPAC''. Some are not universally pronounced one way or the other and it depends on the speaker's preference or the context in which it is being used, such as '' SQL'' (either "sequel" or "ess-cue-el"). The broader sense of ''acronym''—the meaning of which includes terms pronounced as letters—is sometimes criticized, but it is the term's original meaning and is in common use. Dictionary and st ...
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Cross Ownership
Cross ownership is a method of reinforcing business relationships by owning stock in the companies with which a given company does business. Heavy cross ownership is referred to as circular ownership. The Japanese economy is alleged to be heavily characterized by cross ownership. In the US, "cross ownership" also refers to a type of investment in different mass-media properties in one market. Cross ownership of stock Countries noted to have high levels of cross ownership include: * Japan * Germany Positives of cross ownership: * Closely ties each business to the economic destiny of its business partners * Promotes a slow rate of economic change Cross ownership of shares is criticized for: * Stagnating the economy * Wasting capital that could be used to improve productivity * Expanding economic downturns by preventing reallocation of capital * Lessening control of shareholders over corporate leadership. A major factor in perpetuating cross ownership of shares is a high capital ...
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