Economy
Business·Industry
The Special Act on Semiconductors Took Effect Today… Will Samsung and SK Speed Up Their Fab Construction Plans?
A support system is being launched to accelerate the large-scale semiconductor investments being pursued by SamsungElectronics and SK hynix in Yongin and the Honam region. With the government now able…
Insurance
TONGYANG LIFE INSURANCE to Become a Wholly-Owned Subsidiary of WOORIRO CO., LTD… Delisting Procedures to Begin at the End of This Month
TONGYANG LIFE INSURANCE is set to undergo delisting procedures following its acquisition as a wholly-owned subsidiary of WooriFinancialGroup.
A view of TONGYANG LIFE INSURANCE’s headquarters. (Phot…
Business·Industry
Hankook Tire Reports 58% Increase in Second-Quarter Operating Profit on Strong Sales of High-Value-Added Products
A panoramic view of Hankook Tire’s Technoplex headquarters. (Photo courtesy of Hankook Tire)
HANKOOK TIRE & TECHNOLOGY(161390)reported a significant increase in second-quarter operating profit, dr…
Finance
“Will Insurance Payouts Be Reduced?”… AI Has Made Its Way into Insurers’ Core Operations
As the use of generative artificial intelligence (AI) rapidly expands across various industries, the insurance sector has reached a point where AI is now involved in the claims review process. Moving …
Business·Industry
[Exclusive] LGELECTRONICS HVAC Head Visits Indonesia in the 'Global South'… AI Data Center Alliance
Lee Jae-sung, President and Head of the ES Business Division at LGELECTRONICS, who oversees the company’s heating, ventilation, and air conditioning (HVAC) business, visited Indonesia earlier this mon…
Business·Industry
SAMSUNG SDI CO.,LTD. to Develop Next-Generation Prismatic Batteries with GM… Production to Take Place at Dedicated North American Plant
SAMSUNG SDI CO.,LTD. will jointly develop next-generation prismatic batteries for electric vehicles with General Motors (GM) of the United States, incorporating high-energy-density and fast-charging t…
Macroeconomics
Top 10 Companies Account for 55% of Exports… 'Unprecedented Concentration'
The phenomenon of “unprecedented concentration”—in which just 10 companies account for more than half of South Korea’s exports—is intensifying. Following the first quarter, when trade concentration ex…
Business·Industry
SK hynix Becomes De Facto Largest Shareholder of Japan’s Kioxia
A special purpose company (SPC) in which SK hynix ( SK hynix(000660)) has invested has become the largest shareholder of Japanese NAND flash memory manufacturer Kioxia. As a result, SK hynix has effec…
Business·Industry
"Cool the House, Heat the Water"... Samsung's 'Heating Formula' Unveiled in Jeju [Report]
“Why wouldn’t I use something this great?” When asked if he would continue using it even after the trial period ended, Yang Chang-hee (74), who has lived in Donam-dong, Jeju City, for 34 years, answer…
Finance
KakaoBank Corp. Expands Interest-Supported Loans for Small Business Owners Nationwide… Reducing Interest Rates by Up to 4 Percentage Points
KakaoBank Corp.(323410)has become the first internet-only bank to partner with credit guarantee foundations in all 17 cities and provinces nationwide to establish a network of interest-subsidized loan…