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Korea Development Bank to Consider Bid for Siam City Bank

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Korea Development Bank, South Korea’s largest state-owned lender, is considering bidding for a stake in Siam City Bank Pcl of Thailand, a person familiar with the matter said.

Korea Development Bank Chief Executive Officer Min Euoo Sung is in Thailand for meetings with relevant officials, the person said, declining to be identified because the talks are preliminary. Local newspaper Chosun Ilbo earlier reported the company’s interest in Thailand’s seventh-biggest lender.

Min, also chairman of parent KDB Financial Group Inc., said in a Nov. 16 interview he plans to buy at least two lenders in Asia this year, without naming potential targets or countries. The executive has said he wants to acquire commercial banks to build KDB’s deposits before an initial public offering scheduled for next year.

via Korea Development Bank Said to Consider Bid for Siam City Bank – BusinessWeek.

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Why it pays to hire quickly

A recent report by leading research and advisory company Gartner suggests that a slow and indecisive hiring process could mean that companies are losing out on key talent.

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Three businesswomen sat around a large meeting table

In a competitive labour market, recruitment managers who take longer to decide on candidates can miss out on key talent snapped up by speedier competitors

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Employers should hire new workers based on their potential

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A Thailand representative office is essentially a branch of a foreign corporation

58 percent of employers have hired employees based on their potential, and 94 percent of them said their potential-based hires had become a valuable part of their teams. 

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A New Framework for Corporate Activism

Cathay Pacific CEO Rupert Hogg was forced to resign after his airline (30 percent owned by Air China) was accused by Beijing of not doing enough to reign in employees who showed support for Hong Kong’s pro-democracy protests.

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Knowing when – and how – to appropriately speak out on political issues is becoming a core skill for business leaders.

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