Economy
Business·Industry
Yoon Pung-young, President of SK SUPEX Council, Appointed Head of INICS Corporation Global Growth Task Force
Yoon Pung-young, President in charge of the SK SUPEX Council, has been appointed head of SK hynix’s Global Growth Task Force (TF).
Yoon Pung-young, President of the SK Supex Pursuit Council (Photo:…
M&A·IB
Swiss Grand Hotel, Amid 'Pro-Japanese Controversy,' Resumes Development Project… Sells Site
The Swiss Grand Hotel development project in Hongeun-dong, Seodaemun-gu, Seoul—which had been stalled for several years—is set to resume. This follows the transfer of ownership of the Swiss Grand Hote…
Business·Industry
KBI METAL CO., LTD. Reports 'Record-High' First-Half Earnings Amid Rising Copper Prices
KBI METAL CO., LTD.’s Eumseong Plant Office Building. (Photo courtesy of KBI Group)
KBI Metal ( KBI METAL CO., LTD.(024840)), a KBI Group subsidiary that manufactures wire materials and automotive…
Financing
[Market In] IFRS 18 Adoption Just Around the Corner… Credit Rating Agencies Focus on Cash Flow
Tension is mounting as domestic credit rating agencies adopt an extremely cautious stance ahead of the introduction of the new accounting standard, International Financial Reporting Standard (IFRS) 18…
Bonds·FX Policy
[Market In] Hana Securities Seeks to Raise Up to 500 Billion Won Through Corporate Bonds
Hana Securities (AA0) is set to issue up to 500 billion won in public corporate bonds this September. While the company is receiving positive evaluations for improved profitability and strong capital …
Bonds·FX Policy
[Market In] Daishin Securities to Raise Up to 300 Billion Won in Securities Bonds in September
Daishin Securities (AA-) is set to issue up to 300 billion won in public corporate bonds this September. As the corporate bond market resumes in earnest this September, securities firms are also stepp…
Business·Industry
LG Corp. Reports 2Q Operating Profit of 533 Billion Won on Strong Performance by LGELECTRONICS Subsidiaries… Up 92.5% Year-Over-Year
LG Corp., the holding company of the LG Group, nearly doubled its operating profit in the second quarter of this year compared to the same period last year, driven by improved performance at its elect…
Finance
Should You Buy a Villa Instead of Renting? … What If You Get Stuck When It Comes Time to Sell?
The government is introducing a policy loan to encourage young people paying monthly rent to purchase non-apartment housing, such as villas and officetels. Under this program, borrowers can purchase t…
M&A·IB
Genesis PE Signs Agreement to Acquire CapsTech… Expanding into 'Security and Cleaning' for Residential Management [Market In]
Genesis Private Equity (PE) has signed an acquisition agreement for CapsTech, a physical security and facility management company. This deal expands the scope of the residential management platform—wh…
Business·Industry
U.S. EV Plants Resume Operations… Korean Batteries Gain Momentum in North American EV Market
Production of electric vehicle batteries is set to resume at Plant 1 of Ultium Cells in Ohio, jointly operated by U.S.-based General Motors (GM) and LG Energy Solution. The plant, which had suspended …