Economy
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…
Business·Industry
SK hynix’s Unified Union Breaks Down Job Category Barriers… Will It Transform Labor-Management Relations Beyond Performance Bonuses?
The SK hynix Unified Labor Union, which was formed amid a dispute over performance-based pay, has embarked on an experiment to create a new union that encompasses production workers as well as technic…
Finance
“Can I get a loan?” Customers Who Called Every Day… Mortgage ‘Rush’ Takes a Breather
As financial authorities doubled the target growth rate for household loans to expand lending capacity, expectations are rising among genuine homebuyers seeking mortgage loans. While there had previou…
M&A·IB
[Market In] Aju IB Reports First-Half Operating Profit of 46.2 Billion Won… Smiling at Record-High Earnings
AJU IB INVESTMENT CO., LTD.(027360)posted its highest-ever operating profit in the first half of this year. Performance fees from fund management and the rise in value of investment assets such as Spa…
Business·Industry
LG Innotek: 77.9% of First-Half Revenue Came from Apple… Total Revenue Reached 8.8 Trillion Won
A single customer, believed to be Apple, accounted for more than 80% of LG Innotek’s revenue in the first half of this year. Amid rising capacity utilization rates for camera modules and semiconductor…
Business·Industry
BukwangPharmaceutical: "Subsidiary UNION KOREA PHARM CO.,Ltd Files to Conclude Reorganization Proceedings"
Exterior view of BukwangPharmaceutical’s headquarters (Photo courtesy of BukwangPharmaceutical)
BukwangPharmaceutical(003000) ’s subsidiary, UNION KOREA PHARM CO.,Ltd., has largely completed debt …
Business·Industry
LGD President Jeong Cheol-dong Earns 1.45 Billion Won in First-Half Compensation… Workforce Reduced by 1,500 Employees
Jeong Cheol-dong, President and CEO of LG Display, received compensation totaling 14.5 billion won in the first half of this year. Additionally, LG Display’s workforce decreased by more than 1,500 emp…
Finance
MIRAE ASSET Life Insurance CO., Ltd. Reports 2.37 Billion Won in Second-Quarter Operating Profit… Down 63.6% Year-Over-Year
MIRAE ASSET Life Insurance CO., Ltd.(085620)announced on the 14th that its operating profit (on a consolidated basis) for the second quarter of this year was 23.7 billion won, a 63.6% decrease compare…