Economy
Insurance
HANWHA LIFE INSURANCE Reports First-Half Net Profit of 904.5 Billion Won… Up 96% Year-Over-Year
HANWHA LIFE INSURANCE’s net profit for the first half of this year nearly doubled compared to last year, driven by efforts to strengthen its portfolio of protection-oriented products.
A view of HAN…
Business·Industry
‘Battery Alliance’ Shattered by the Chasm… Joint Venture Plant Shut Down, ESS Transition Accelerates
As the stagnation in electric vehicle (EV) demand persists, joint ventures (JVs) formed between U.S. automakers and South Korean battery companies are one after another taking steps to dissolve. Altho…
Business·Industry
Samsung Electronics and Hanwha Union Unite in 'Bonus Dispute'… Will They Take Joint Action?
Amid a surge in earnings driven by the semiconductor boom, there are growing indications that the labor unions at Samsung Electronics and SK Hynix may take joint action regarding the payment of perfor…
M&A·IB
Despite a 40% Drop in Sales… Private Equity Fund Recoups Investment Twice Over by Transforming Business Model Instead of Restructuring
How should the acquiring party respond when a company acquired for a hefty sum sees its revenue plummet immediately after the acquisition? Typically, when people think of private equity (PE) firms, th…
Banks
KakaoBank Corp. Union Refuses Overtime and Extended Work Hours… Compliance Protest Begins Today
The KakaoBank Corp. labor union, which has been in conflict with management over wage negotiations, has declared a compliance campaign following a strike.
The Kakao Branch of the National Chemi…
Insurance
Hanwha Life Insurance Reports 3.9 Trillion Won in First-Half Revenue… Up 18.9% Year-Over-Year
Hanwha General Insurance Co.,Ltd. posted strong financial results, driven by an improvement in the difference between the projected and actual loss ratio and gains from the amortization of the insuran…
Finance
Woori Bank CEO Jeong Jin-wan Participates in ‘Finance That Saves Lives’ Campaign… Takes the Lead in Inclusive Finance
Jeong Jin-wan, CEO of Woori Bank, has joined the “Finance That Saves Lives” relay campaign aimed at preventing damage from illegal private lending and supporting financial services for low-income citi…
Finance
Kbank to Waive Overseas Transfer Fees Up to 10 Times Through the End of the Year
#Kbank has launched a campaign to attract international money transfer customers ahead of the new semester for students studying abroad. The bank will waive international money transfer fees up to 10 …
Business·Industry
LG Display Holds Information Session for Yonsei University’s Contract Major Program… Seeks to Secure Future Talent
LG Display is stepping up efforts to recruit science and engineering talent to lead the future of the display industry.
(Photo: LG Display)
LG Display announced on the 12th that it will host an …
M&A·IB
A World Apart from the Rising Retail Investors… Stocks Picked by ‘Big Player’ BlackRock
Amid rising volatility in the domestic stock market and a continued exodus of retail investors, BlackRock, the world’s largest asset manager, has been steadily acquiring stakes in South Korean listed …