Economy
Finance
Park Je-gwang Nominated as New CEO of DB Life Insurance
#Park Je-gwang has been nominated as the new CEO of DB Life Insurance. Park Je-gwang, the incoming CEO, is a veteran who has worked at DB Group for 35 years
Park Je-gwang, the incoming CEO of DB Li…
Business·Industry
SamsungElectroMechanics Secures ‘Record-High’ Orders for MLCCs for AI Servers… Accelerating Shift to High-Value-Added Products (Comprehensive)
SamsungElectroMechanics has secured a supply contract worth over 1 trillion won for multilayer ceramic capacitors (MLCCs) used in artificial intelligence (AI) servers. This is the largest long-term ML…
Business·Industry
[Breaking News] SamsungElectroMechanics Signs 1 Trillion Won MLCC Supply Contract with Global Big Tech Company
SamsungElectroMechanics announced on the 1st that it has signed a 1 trillion won contract with a major global company to supply multilayer ceramic capacitors (MLCCs) for artificial intelligence (AI) s…
Banks
"Interest Alone Rises by 500,000 Won"—Debt Investors in a Panic… Credit Loan Interest Rates Surpass 6%
Credit loan interest rates have risen to the 6% range due to the Bank of Korea’s benchmark interest rate hike and other factors. The interest burden is expected to grow even heavier for so-called “deb…
Finance
Na Chae-beom, CEO of Hanwha General Insurance, Visits Call Center… Calls for ‘Stronger Consumer Protection’
Na Chae-beom Hanwha General Insurance Co.,Ltd.(000370), CEO of Hanwha General Insurance, visited a customer service center to hear from customers firsthand. Hanwha General Insurance plans to use this …
Business·Industry
If You Own a Samsung Washing Machine… Here’s How to Get a Refund on Your Electricity Bill Starting in September
SamsungElectronics is partnering with KoreaElectricPower (KEPCO) to launch a pilot program that offers cashback to consumers who use smart home appliances during peak renewable energy generation hours…
Business·Industry
LG Energy Solution Signs Long-Term Lithium Carbonate Supply Agreement Worth 2 Trillion Won with U.S.-Based 'SMEC CO.,LTD'
LG Energy Solution is strengthening its local critical mineral supply chain in North America by signing a long-term lithium carbonate supply agreement with a U.S.-based lithium development company. Th…
M&A·IB
[Market In] Back to Court on the Very Day of the Revocation… Wonmount’s Hail-Mary Play to Save the 179 billion won Deal
The reorganization plan was rejected once, and the reorganization proceedings were ultimately terminated. Not a single entity submitted a letter of intent or a bid during the second public auction. Ev…
M&A·IB
OB Beer, Owned by KKR and Affinity, Stops Layoffs Instead of Cutting Costs [Market In]
In the domestic market, private equity funds have become firmly entrenched as symbols of corporate restructuring and job insecurity. Although public sentiment has turned cold following a series of neg…
Business·Industry
[Exclusive] China's CXMT Gains Global Foothold with Huawei and Xiaomi… Will It Shake Up K-Memory?
The fact that memory products from China’s largest DRAM manufacturer, Changxin Memory Technology (CXMT), have entered the supply chains of domestic smartphone manufacturers and are now flooding overse…