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**한화손해보험 측에서 상표 표기를 "Hanwha Insurance"로 요청했으나, 한화생명과의 혼동 가능성을 고려해 리드에서 최초 한 차례 "Hanwha General Insurance"로 표기한 뒤 이후에는 "Hanwha Insurance"로 통일했습니다. Lippo General Insurance, the Indonesian subsidiary of Hanwha General Insurance, posted record first-half earnings, extending its record-breaking run for a second straight year. The Jakarta-based insurer recorded revenue of 2.32 trillion rupiah ($131 million) in the January-June period, up 33.9 percent from 1.73 trillion rupiah a year earlier. Pretax pr
Chinese home appliance maker Dreame Technology said Friday it plans to expand beyond robot vacuum cleaners in South Korea, positioning the country as a key market for premium small appliances and artificial intelligence-powered smart-home products. At a brand launch event in Seoul, Dreame said it will build a localized product ecosystem spanning personal care, kitchen and living appliances, using robot vacuums as its entry point. “Korea is more than a sales market,” Mun Duck-geun, managing direc
Kakao said Friday it will split into two listed companies, Kakao AI and Kakao X, as the IT giant restructures its businesses around artificial intelligence. Kakao AI will house KakaoTalk, South Korea’s dominant mobile messenger, along with the company’s AI, advertising and commerce businesses. Kakao X will bring together fintech, content and mobility under an investment-focused structure. On Friday, the company’s board approved the demerger under which Kakao AI will be spun off as a new company
A Samsung Electronics union representing mainly workers in the company’s consumer-device business is set to rally in Seoul on Friday afternoon over a widening compensation gap with its semiconductor division, as the AI-driven memory boom delivers record chip profits while raising costs for smartphones, TVs and appliances. The Donghaeng union, whose membership is concentrated in Samsung’s Device eXperience, or DX, division, plans to hold the rally at 3 p.m. near the company’s Seocho offices in so
Fubon Hyundai Life, the Korean insurance arm of Taiwan's Fubon Life, swung to a net profit of 158.6 billion won ($113.8 million) in the first half of this year, on the back of improved investment performance and signs of a strengthening profit base, the company said Thursday. The insurer said its earnings were mainly driven by stronger asset management performance, noting that its investment strategies were tailored to changing financial market conditions. The return on invested assets rose to 5
SK hynix shares surged as much as 14 percent Thursday after the chipmaker unveiled a 40 trillion won ($28.7 billion) share buyback and cancellation plan, a move it said would mark the largest treasury-share cancellation by a listed Korean company. SK hynix shares closed at 1.691 million won on Thursday, up 12.73 percent. The rebound helped lift the Kospi and spilled over to rival Samsung Electronics, which gained nearly 10 percent in morning trading on expectations that it could also step up sha
SK hynix and its labor union reached a tentative agreement Thursday to pay 60 percent of profit-sharing bonuses in company shares and defer part of employees’ wages if the chipmaker posts a loss. The agreement, reached in this year’s wage and collective bargaining talks, also includes a 6.3 percent wage increase and gives employees greater choice over how they receive the company’s profit-sharing bonus. Under the deal, 40 percent of PS would be paid in cash in the year it is awarded, while anoth
Hanwha Aerospace said Wednesday it had won a US Army contract to supply prototypes of its K9 self-propelled howitzer, a major breakthrough for the Korean defense industry in the world’s largest defense market. Hanwha Defense USA, the US subsidiary of Hanwha Aerospace, signed an agreement with the US Army on Tuesday to deliver prototypes of K9 Mobile Howitzers for the army’s Mobile Tactical Cannon program, which seeks to replace aging M777 towed howitzers with a highly mobile 155 mm artillery sys
SK hynix said Wednesday it will buy back and cancel 40 trillion won ($28 billion) of its own shares, sharply stepping up a shareholder return policy that had struggled to keep pace with the chipmaker's surging earnings and cash generation. The company also raised its shareholder return target for 2025-2027 to more than 50 percent of cumulative free cash flow, from a previous plan to return within 50 percent, and signaled further measures could follow later this year. SK hynix said the buyback wo
South Korean battery-maker LG Energy Solution said Wednesday it has begun operations at its battery plant in Lansing, Michigan, aimed at capturing growing demand for energy storage systems in North America. The company said it held an opening ceremony for the LG Energy Solution Michigan-Lansing facility on Tuesday, marking its seventh production plant in North America. The ceremony was attended by Michigan Gov. Gretchen Whitmer, US Interior Secretary Doug Burgum, Republican Rep. Tom Barrett of M
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