Economy
Finance
Bought a Villa Instead of Renting, but Can’t Sell It?… First-Time Homebuyer Benefits Also ‘Useless’
Young people who purchased a villa or officetel using the “Youth Future Home Loan” must first sell their existing non-apartment property if they wish to receive the first-time homebuyer loan-to-value …
Business·Industry
"Hanikmen's Bank Accounts Are Already Set to Hit the 100 Million Mark"... Their Salaries Left People Speechless
It has been revealed that Kwak No-jeong, President and CEO of SK hynix, received approximately 26.1 billion won in compensation for the first half of this year. The average salary per employee was 144…
M&A·IB
As Supermarkets Close, the Market Expands… MDM Makes a 'Hail-Mary Play' with Homeplus Development
MDM Group, South Korea’s largest real estate developer, is set to begin full-scale development of Homeplus stores. Given Homeplus’s current business environment—as the company undergoes corporate reha…
M&A·IB
"Watch Enthusiast and Seoul National University Student Launches Startup"... Watch Platform Targeting Price Differences Between Countries [VC Cradle]
● There was a college student who learned watch appraisal skills under a master watchmaker in Jongno, Seoul. The discerning eye he developed by buying and selling over 200 watches since middle school …
Finance
Samsung Life Insurance and SamsungFire&MarineInsurance Post ‘Record Earnings’ Side by Side… Investment Gains Prove to Be Key Contributors
Samsung’s insurance affiliates— Samsung Life Insurance(032830)and #SamsungFire&MarineInsurance—both posted their best-ever first-half results. The combined net income of the two companies easily surpa…
Bonds·FX Policy
[Market In] September Corporate Bond “Maturity Tsunami”… 7.5 Trillion in Refinancing Volume Looms
Corporate bonds totaling over 7 trillion won will mature all at once this coming September. This is the largest monthly maturity amount in the second half of the year. Companies that took a breather d…
Business·Industry
LG Corp. Chairman Koo Kwang-mo Receives 4.8 Billion Won in Compensation for First Half… Slight Increase from Previous Year
LG Corp. Chairman Koo Kwang-mo received more than 4.8 billion won in compensation during the first half of this year.According to the semi-annual report disclosed by LG Corp. on the 14th, Chairman Koo…
Insurance
Lotte General Insurance Returns to Profit in Second Quarter… Core Capital Also Increases by 260 Billion Won
LotteNon-LifeInsurance has successfully returned to profitability based on its insurance sales performance.
Lotte General Insurance Headquarters
Lotte General Insurance announced on the 14th tha…
Business·Industry
SKSQUARE Reports Record-High Second-Quarter Operating Profit of 19.2 Trillion Won… Prepares for New Investments in AI and Semiconductors
SKSQUARE(402340)achieved record-high earnings for both the quarter and the first half of the year, driven by strong performance at SK hynix(000660)and a portfolio restructuring focused on AI and semic…
Business·Industry
Hyundai Motor Union Extends Strike to 6 Hours… Negotiations Set to Resume on the 18th
As the Hyundai Motor Company labor union escalates its strike actions surrounding this year’s wage negotiations, labor and management are set to resume negotiations on the 18th. The union had original…