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After a four-year legal battle, Hana Financial Group Chairman Ham Young-joo has escaped regulatory punishment imposed for internal control failure involving the misselling of derivatives-linked funds. On Thursday, the Supreme Court upheld the appellate court's decision to cancel the major discipli...
South Korea unveiled its tax code revision bill Thursday, featuring a major overhaul of the outdated inheritance tax system and new measures to boost investment and encourage marriage. Featuring tax cuts and incentives, the plan is expected to reduce tax revenue by approximately 4.4 trillion won (...
LG Electronics said Thursday it achieved its all-time high quarterly earnings in the April-June period this year, largely buoyed by the solid growth of its home appliance and vehicle component businesses. Sales increased 8.5 percent on-year to 21.7 trillion won ($15.7 billion) in the second quarte...
SK hynix, the world’s second-largest memory chip maker by revenue, said Thursday it logged all-time-high sales of 16.4 trillion won ($11.8 billion) in the April-June period this year, riding on the robust demand for artificial intelligence chips. Reporting the second quarter's earnings, the compa...
An analysis of 81 conglomerates categorized as "middle market enterprises" showed Wednesday that the second generation of owner families owns a total of 33.5 percent of company shares. Corporate tracker CEO Score analyzed the shareholding structure of companies with 2 trillion won ($1.44 billion) ...
With an aggressive incentive package, Kentucky also secured investment from SK On. BlueOval SK, the joint affiliate between SK On and US auto giant Ford, is spending $5.8 billion to build a battery plant in the southeastern state. "We provided one of the largest incentive packages in our history. ...
While shareholder activism is yet to take hold in South Korea with only a handful of initiatives making it past the vote, activist investors are gaining traction, according to London-based shareholder advisory firm SquareWell Partners. According to the firm's recent report, Korean firms are increa...
Korea Institute for Advancement of Technology is collaborating with the Ministry of Trade, Industry and Energy to bolster financial and direct investment support for companies approved under their collaborative regulatory sandbox. On Wednesday, KIAT hosted the first Investor Relations Day event fo...
The South Korean government recently celebrated a significant milestone: The state-run Korea Hydro & Nuclear Power was chosen as the preferred bidder for a nuclear power project in the Czech Republic valued at 24 trillion won ($17.3 billion). It is being hailed as a “remarkable achievement after 1...
Building value chain Stockeeper aims to boost investor support by developing a comprehensive value chain that covers every stage, from cattle birth to sale. With the Bankcow platform focused on raising calves, the operator has recently expanded into the distribution market by opening a processing...
Hanlim Architecture Group announced Tuesday that it signed a memorandum of understanding with CONINCO, a Vietnamese construction supervision company, to reinforce strategic partnerships and create new opportunities for construction management services in Vietnam and beyond. Hanlim Architecture Gro...
Korea Water Resources Corp., or K-water, is officially set to commence a water management platform in Saudi Arabia jointly with Korean internet giant Naver, for the next five years, the state-run water management agency said Tuesday. The project was announced in a statement by Naver and Saudi Arab...
Hanwha Asset Management, the sixth largest player in terms of net assets in the local exchange-traded fund market, introduced its new ETF lineup brand Plus, on Tuesday. The asset manager has changed its ETF brand name from Arirang to Plus. It was the first time for the asset manager to change its ...
Analysts here took a mixed view on how US President Joe Biden’s withdrawal from the November presidential race would affect South Korean shares, with growing uncertainty expected to hurt investor sentiment. Some brokerages expected the benchmark Kospi index to dip below the 2,650 level due to hei...
Hanwha Ocean plans to use the Philadelphia-based Philly Shipyard in the US, which it had acquired jointly with the conglomerate’s defense subsidiary Hanwha Systems for $100 million last month. Hanwha’s announcement came 11 days after HD Hyundai Heavy Industries became the first Korean shipbuilde...
Posco threads new life to old uniforms for Philippine communities
NCSoft releases sustainability report to meet global green standards
Samsung may supply advanced image sensors for Apple: analyst
Hana chief cleared of severe punishment in DLF crisis
NCSoft launches official Discord channel for Throne and Liberty
Qoo10 liquidity crisis sparks massive complaints, fears of wider damage