Economy
Finance
[Exclusive] A Look Inside the Wallet of KOK’s Chief Finance Officer, Who Is on a ‘Red Notice’… Over 105 Billion Won Cashed Out Through Domestic and International Exchanges
Following the discovery of funds in the wallet of the mastermind behind the KOK Coin (KOK Token) pyramid scheme, evidence has emerged showing that large sums of money also flowed from the virtual asse…
Business·Industry
“Invest in Creating a Huge Lead to Survive China’s Pursuit”… Samsung and LG Corp.: “Government Support Is Desperately Needed”
Facing fierce competition from China, the domestic display industry has unanimously called for expanded policy support to maintain its technological lead. Samsung Display and LG Display emphasized the…
Business·Industry
Jay Y. Lee Engages in "Public Diplomacy" with "Lee Kun-Hee Collection" in London… Major Tech Executives Attend in Large Numbers (Comprehensive)
SamsungElectronics Chairman Jay Y. Lee has been engaging in a series of meetings with global political and business leaders in London, UK, as he works to strengthen his global network through private …
Business·Industry
Beyond ESS to Right Next to Servers… Three Battery Companies Are Making Inroads into AI Data Center ‘Power Supplies’
The competitive landscape is expanding for the three major domestic battery manufacturers targeting the artificial intelligence (AI) data center market. The data center battery market, which had previ…
Finance
"From Tokenized Security Issuance to Settlement and Security"... Day Two of the STO Summit Focuses on "Market Infrastructure"
With the legal framework now in place for tokenized securities (STOs) to enter the regulated capital market, a forum is being held to examine the issuance, distribution, settlement, and security infra…
Macroeconomics
As the Exchange Rate Fell, People Bought Dollars in Advance… Foreign Currency Deposits Hit Another Record High
In August, foreign currency deposits held at domestic banks once again reached a record high. This was driven by a significant increase in corporate dollar deposits, fueled by semiconductor companies’…
Business·Industry
[Exclusive] LG Energy Solution and LGCHEM,LTD to End "Two Companies, One Union" Arrangement… Union to Split Six Years After Spin-Off
LG Energy Solution and LGCHEM,LTD are splitting the production workers’ union they have jointly maintained since their corporate spin-off, marking the first such separation in about six years. Followi…
Finance
“U.S. Approval of Tokenized Stocks Is Crucial for Solana… 13 Kyungwon Capital Market to Go On-Chain” [Interview]
“Although the Digital Asset Market Structure Act—commonly known as the Clarity Act—failed to pass the U.S. Senate this time, it was merely a bill that would have created additional opportunities or up…
Business·Industry
50-Year Hotel Veteran Attracts 400,000 Foreign Visitors… Honored as a “Key Figure in K-Tourism”
A hotelier who has worked in the hotel industry for over 50 years and a travel industry executive who attracted 400,000 foreign tourists to Korea received government medals for their contributions to …
Business·Industry
SK hynix: “No Decision Has Been Made on Solidigm’s Capital Raising… Shareholder Value Is Our Top Priority”
SK hynix stated that no specific decisions have yet been made regarding plans to secure investment funds for its subsidiary, Solidigm. The company said it is broadly reviewing options, including raisi…