Economy
Business·Industry
Backlash Against Casino Regulations Spreads to Tourism Industry… 12 Organizations Call for “Withdrawal of Fund Increase and 5-Year Renewal”
Twelve organizations across the tourism sector—including hotels, travel agencies, and MICE (Meetings, Incentives, Conferences, and Exhibitions) companies, as well as the casino industry—are jointly voicing opposition to the government’s plans to reform the casino licensing and tourism fund systems. They are demanding the withdrawal of the plan—which raises the upper limit on the tourism fund contribution rate from 10% to 15% and introduces a five-year license renewal system—citing concerns that it will increase the burden on operators running at a loss and stifle long-term investment. This controversy is spreading beyond casino regulations to become an issue of investment stability and competitiveness across the entire tourism industry.
M&A·IB
[Market In] Two Months Since Preferred Bidder Was Selected… Three Reasons Behind the Stagnation in the SK TNS Sale
The sale of SK TNS, a company specializing in IT infrastructure, has shown little progress for nearly two months since the selection of the preferred bidder. In addition to concerns surrounding the pe…
M&A·IB
LX Invest Closes Semiconductor SSP Deal… Doubles Return in Three Years [Market In]
Private equity (PE) firm LX Investment has finalized the sale of semiconductor equipment company SSP, achieving a return of more than double its initial investment. By reselling the small but strong s…
Business·Industry
Samsung Electronics Refund Bonanza… Sales of 'This' Soared 144%
Online shopping transaction volume exceeded 24 trillion won in June, marking an increase of more than 10% compared to the same month last year. Driven by SamsungElectronics’ large-scale purchase rebat…
Business·Industry
KANGSTEM BIOTECH CO., LTD. Appoints Founder Professor Kang Kyung-sun of Seoul National University as CSO
Kang Kyung-sun, Chief Scientific Officer (CSO) of KANGSTEM BIOTECH CO., LTD. (Photo courtesy of KANGSTEM BIOTECH CO., LTD.)
Kangstem Biotech ( KANGSTEM BIOTECH CO., LTD.(217730)) announced on the …
Business·Industry
Y-Bio Set to Convert 35 Billion Won in Convertible Bonds… “Short-Term Overhang Limited”
While Y-Biologics ( Y-Biologics, Inc(338840)) will allow holders to exercise their conversion rights for its 35 billion won convertible bonds (CBs) starting on the 7th, observers suggest the likelihoo…
M&A·IB
“Redemptions and Non-Performing Loans Are Two Separate Issues”… Blue Owl Highlights the Essence of Private Lending
"Redemption restrictions are a structural feature of the fund; they are not a sign that the loan assets have become non-performing."Michael Dale, Managing Director at Blue Owl Capital, made this state…
Business·Industry
From Thai Laundromats to the European High-Capacity Market… LGELECTRONICS Expands Its B2B Laundry Business
LGELECTRONICS is expanding its business-to-business (B2B) operations by increasing the supply of commercial laundry appliances in Asia—including Thailand, the Philippines, and Vietnam—as well as in Eu…
Finance
Kbank Adopts ‘Agentic AI’ to Support the Entire Development Process… Boosting Productivity
#Kbank has introduced “Agentic AI,” an autonomous artificial intelligence (AI) system that supports the entire development process—from code generation to system analysis and internal information sear…
Business·Industry
Cherry, Which Gifted a Robot Dog, Collaborates with KGM on Cars, Robots, and Steel… A Stronger Tech Alliance
Hwang Ki-young (front, right), President of KG Mobility (KGM), and Zhang Gui-bing, President of Cherry Automobile, are signing a $75 million (approximately 110 billion won) strategic investment agreem…