Hansae CEO Kim Ik-whan promised to provide a new growth engine via the company s unique corporate culture on its 40th anniversary on Wednesday. According to Hansae, Kim shared his plan to continue the company s 100 years of business by discovering new growth engines through its creative and innovative corporate culture. Hansae is a global fashion firm found by Kim Dong-nyung, chairman of Hansae Yes24 Holdings, in 1982.
Norway's sovereign wealth fund, the largest in the world, will sell off its stake in China's Li Ning over suspicions of forced labour use in the Xinjiang region, the fund's manager said.
Oslo: Norway´s sovereign wealth fund, the largest in the world, will sell off its stake in China s Li Ning over suspicions of forced labour use in the Xinjiang region, the fund s manager.
Norway’s sovereign wealth fund, the largest in the world, has sold off its stake in China’s Li Ning Co (李寧) over suspicions of forced labor use in the Xinjiang region, the fund’s manager said.
Li Ning, a manufacturer and trader of sportswear and equipment, was singled out “due to unacceptable risk that the company contributes to serious human rights violations,” the Norwegian central bank said in a statement on Monday.
The decision followed a recommendation from Norges Bank’s Council on Ethics, which in an advisory opinion pointed to reports linking Li Ning to “a supplier said to manufacture inside an internment camp.”
China