Economy
Business·Industry
SMEC CO.,LTD’s Appeal Dismissed… Preliminary Injunction Allowing SNT Holdings to Inspect Accounting Records Upheld
A court ruling allowing SNT Holdings—which is embroiled in a management control dispute with SMEC CO.,LTD—to inspect and copy SMEC CO.,LTD’s accounting records and other documents has been upheld even…
Business·Industry
SAMSUNG SDI CO.,LTD.’s First-Half Capacity Utilization Rebounds to 73%… R&D Expenditures Reach 858.6 Billion
SAMSUNG SDI CO.,LTD.’s utilization rate for its small-sized battery production facilities rebounded to the 70% range in the first half of this year. Research and development (R&D) expenses exceeded 85…
Business·Industry
Samsung Bio Labor and Management Seek Breakthrough in Wage and Collective Bargaining Talks… Agree on ‘Post-Negotiation Adjustment’
On April 22, members of the SAMSUNG BIOLOGICS Win-Win Labor Union held a rally in front of the company’s Songdo facility in Yeonsu-gu, Incheon, to demand wage increases and other concessions. (Photo: …
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…