Economy
Business·Industry
HYUNDAI ROTEM Seeks to Export Its First Hydrogen Tram to Egypt
Camel Al-Wazir, Egypt’s Minister of Transportation (left), and Lee Yong-bae, President and CEO of HYUNDAI ROTEM, sign a memorandum of understanding (MOU) on cooperation to build a hydrogen-electric tr…
Macroeconomics
Cumulative Current Account Surplus Reaches $280 Billion… Annual Surplus of $450 Billion on Track Thanks to Semiconductor Boom (Comprehensive)
Driven by a surge in both prices and volumes of semiconductor exports, South Korea’s current account surplus exceeded $46 billion in August. The cumulative surplus through August of this year approach…
Banks
[Exclusive] Red Flag Raised Over Nonghyup’s Farmland Loan Soundness… 3.7 Trillion in Non-Performing Loans
A red flag has been raised regarding the soundness of Nonghyup’s farmland-secured loans. With non-performing loans rising sharply, concerns over loan defaults are expected to grow even further if farm…
Business·Industry
LG Energy Solution, Third-Quarter Revenue of 9.6 Trillion Won Sets Record… Operating Profit Exceeds Forecasts by More Than Double (Comprehensive)
LG Energy Solution surpassed 9 trillion won in revenue in the third quarter of this year, achieving its highest quarterly revenue to date. Operating profit also reached 756 billion won, marking two co…
Finance
“I gave up because I was over 34”… Jeonse deposits of 200 million won for those up to age 39, 300 million won for newlyweds
The Korea Housing Finance Corporation announced on the 8th that it is expanding the eligibility for its “Special Jeonse Guarantee for Young People Without Homes” to those aged 39 and under, and raisin…
Business·Industry
HiM Solutech Expands AI Data Center Cooling Management… to Include Liquid Cooling as Well
HiM Solutech, an LGELECTRONICS subsidiary specializing in heating, ventilation, and air conditioning (HVAC) maintenance, is expanding the scope of its cooling system management for artificial intellig…
Business·Industry
“They Said the Hotel Was 100,000 Won, but When It Came Time to Pay, It Was a Different Story”… The Fair Trade Commission Catches the Trick
When booking a hotel or travel package, adding fees that must be paid on top of the initially quoted price during the payment process may constitute a violation of the Electronic Commerce Act. In prin…
Business·Industry
[Breaking News] LG Corp. Reports 3Q Operating Profit of 756 billion… Up 25.7% Year-Over-Year
LG Energy Solution surpassed 9 trillion won in revenue for the third quarter of this year, achieving its highest quarterly revenue to date. Operating profit also reached 756 billion won, marking two c…
Business·Industry
Kim Seong-yeon, Largest Shareholder of OSCOTEC Inc., Seeks Board Seat: “No Will to Change the Board; I Will Take Action Myself” [only-EDAILY]
Kim Seong-yeon, a director at Genosco and the only son of former OSCOTEC Inc. founder Kim Jeong-geun as well as the largest shareholder of OSCOTEC Inc.(039200), is moving to restructure the board of d…
Business·Industry
LG Corp. Secures 240,000 Metric Tons of Lithium Concentrate in Canada… Enough for 700,000 Electric Vehicles
LG Energy Solution has secured lithium concentrate capable of producing batteries for approximately 700,000 electric vehicles in Canada. The company’s strategy is to establish a North American supply …