Economy
Financing
[Market In] IFRS 18 Adoption Just Around the Corner… Credit Rating Agencies Focus on Cash Flow
Tension is mounting as domestic credit rating agencies adopt an extremely cautious stance ahead of the introduction of the new accounting standard, International Financial Reporting Standard (IFRS) 18…
Bonds·FX Policy
[Market In] Hana Securities Seeks to Raise Up to 500 Billion Won Through Corporate Bonds
Hana Securities (AA0) is set to issue up to 500 billion won in public corporate bonds this September. While the company is receiving positive evaluations for improved profitability and strong capital …
Bonds·FX Policy
[Market In] Daishin Securities to Raise Up to 300 Billion Won in Securities Bonds in September
Daishin Securities (AA-) is set to issue up to 300 billion won in public corporate bonds this September. As the corporate bond market resumes in earnest this September, securities firms are also stepp…
Business·Industry
LG Corp. Reports 2Q Operating Profit of 533 Billion Won on Strong Performance by LGELECTRONICS Subsidiaries… Up 92.5% Year-Over-Year
LG Corp., the holding company of the LG Group, nearly doubled its operating profit in the second quarter of this year compared to the same period last year, driven by improved performance at its elect…
Finance
Should You Buy a Villa Instead of Renting? … What If You Get Stuck When It Comes Time to Sell?
The government is introducing a policy loan to encourage young people paying monthly rent to purchase non-apartment housing, such as villas and officetels. Under this program, borrowers can purchase t…
M&A·IB
Genesis PE Signs Agreement to Acquire CapsTech… Expanding into 'Security and Cleaning' for Residential Management [Market In]
Genesis Private Equity (PE) has signed an acquisition agreement for CapsTech, a physical security and facility management company. This deal expands the scope of the residential management platform—wh…
Business·Industry
U.S. EV Plants Resume Operations… Korean Batteries Gain Momentum in North American EV Market
Production of electric vehicle batteries is set to resume at Plant 1 of Ultium Cells in Ohio, jointly operated by U.S.-based General Motors (GM) and LG Energy Solution. The plant, which had suspended …
Business·Industry
LG Corp.’s First-Half Capacity Utilization Rebounds to 52.8%… R&D Investment Hits Record High
LG Energy Solution’s domestic and overseas production facility utilization rate rose to 52.8% in the first half of this year. While the utilization rate—which had been on a downward trend in recent ye…
Banks
Samsung Life Insurance Reports First-Half Net Income of 1.9 Trillion Won… Up 36% Year-Over-Year
Samsung Life Insurance’s net income for the first half of this year rose by more than 30% compared to last year.
(Photo: Samsung Life Insurance)
Samsung Life Insurance announced on the 13th that…
Macroeconomics
Rejected by Banks, They Turn to Companies… “Please Lend Us Even 50 Million Won”
Amid the government’s tightening of lending policies, it has become extremely difficult—almost “like trying to pluck a star from the sky”—for individuals to secure loans, not just for housing-related …