Economy
Bonds·FX Policy
[Market In] COWAY, Posting “Record-High Earnings,” to Issue 400 Billion Won in Corporate Bonds
COWAY (AA-) is set to issue corporate bonds worth up to 400 billion won. Given that the company posted record-high earnings in the first half of this year and secured orders in the trillions of won du…
M&A·IB
[Exclusive] Smilegate Acquires Newgem Studio, Creator of the Steam Phenomenon 'TBH'
Smilegate is acquiring indie game developer Newgem Studio. This marks the first management buyout since the company was newly launched as a consolidated entity in January of this year. When narrowing …
Finance
"If You Don't Live There, You'll Face a Tax Bomb… Where Will You Get the Money to Return the Jeonse Deposit?"
Mr. A, who rents out an apartment in Yeongdeungpo-gu, Seoul, is very worried as his jeonse contract is set to expire in October. The market value of Mr. A’s apartment exceeds 1.5 billion won, but he c…
Insurance
HANWHA LIFE INSURANCE Reports First-Half Net Profit of 904.5 Billion Won… Up 96% Year-Over-Year
HANWHA LIFE INSURANCE’s net profit for the first half of this year nearly doubled compared to last year, driven by efforts to strengthen its portfolio of protection-oriented products.
A view of HAN…
Business·Industry
‘Battery Alliance’ Shattered by the Chasm… Joint Venture Plant Shut Down, ESS Transition Accelerates
As the stagnation in electric vehicle (EV) demand persists, joint ventures (JVs) formed between U.S. automakers and South Korean battery companies are one after another taking steps to dissolve. Altho…
Business·Industry
Samsung Electronics and Hanwha Union Unite in 'Bonus Dispute'… Will They Take Joint Action?
Amid a surge in earnings driven by the semiconductor boom, there are growing indications that the labor unions at Samsung Electronics and SK Hynix may take joint action regarding the payment of perfor…
M&A·IB
Despite a 40% Drop in Sales… Private Equity Fund Recoups Investment Twice Over by Transforming Business Model Instead of Restructuring
How should an acquirer respond when a company acquired for a large sum sees its sales plummet immediately after the acquisition? Typically, when people think of private equity (PE) firms, they assume …
Banks
KakaoBank Corp. Union Refuses Overtime and Extended Work Hours… Compliance Protest Begins Today
The KakaoBank Corp. labor union, which has been in conflict with management over wage negotiations, has declared a compliance campaign following a strike.
The Kakao Branch of the National Chemi…
Insurance
Hanwha Life Insurance Reports 3.9 Trillion Won in First-Half Revenue… Up 18.9% Year-Over-Year
Hanwha General Insurance Co.,Ltd. posted strong financial results, driven by an improvement in the difference between the projected and actual loss ratio and gains from the amortization of the insuran…
Finance
Woori Bank CEO Jeong Jin-wan Participates in ‘Finance That Saves Lives’ Campaign… Takes the Lead in Inclusive Finance
Jeong Jin-wan, CEO of Woori Bank, has joined the “Finance That Saves Lives” relay campaign aimed at preventing damage from illegal private lending and supporting financial services for low-income citi…