Economy
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…
Monetary Policy
"70 million won by age 18—could my child get that too?" Annual subsidy of 1.2 million won, fully tax-exempt
The “Our Self-Reliance Fund,” which allows individuals to save up to 70 million won from birth until age 18 and receive full tax exemption on interest and dividend income, will be launched in the seco…
Insurance
Hyundai MARINE & FIRE INSURANCE CO.,LTD Marks 50th Anniversary of Japan Branch… "Growing as a Trusted Partner in the Japanese Market"
Hyundai MARINE & FIRE INSURANCE CO.,LTD’s Japan branch, the first South Korean non-life insurance company to enter the Japanese market, celebrated its 50th anniversary.
Chairman Chung Mong-yoon and…
Business·Industry
LG Corp. Expands Its 46 Series Footprint… Accelerates Push into North American Electric Commercial Vehicle Market
LG Energy Solution is targeting the North American commercial electric vehicle market by securing additional customers for its 46 Series cylindrical batteries. The company plans to strengthen its mark…
Business·Industry
AI Boom Extends to Packaging and Testing… ‘Foundry 2.0’ Revenue Up 25%
With investment in artificial intelligence (AI) infrastructure surging, growth across the entire semiconductor value chain—from foundries to advanced packaging and testing—is accelerating.
Accordin…
M&A·IB
“With a 520 billion won senior loan”… Samsung FN REIT Extends Maturity of ‘FN Tower Dangsan’ by Two Years
Samsung FN REIT has refinanced the 520 billion won in debt it raised to acquire the “FN Tower Dangsan” (formerly A-One Tower Dangsan) office building in Yeongdeungpo-gu, Seoul, by converting it into a…