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Wed, July 6, 2022 | 12:47

Hahn & Co. buys SK Group's PET film business for $1.3 billion

Hahn & Co., the second-largest private equity firm in Korea, announced Thursday that it has signed a definitive agreement, or a stock purchase agreement (SPA), to acquire a 100-percent stake in SKC's polyester (PET) film business for 1.6 trillion won ($1.3 billion). The acquisition is expected to be completed by the end of the year, as SKC plans to hold a special shareholders...

Anna J. Park | 2022-06-09 15:56

Shinhan Bank runs fan voting for KBO All-Star game

Shinhan Bank, jointly with the Korea Baseball Organization (KBO), is running fan voting for the KBO All-Star game scheduled for July 16.The title sponsor of the country's professional baseball league, the bank said that the poll opened on Wednesday and will collect votes until July 3..

Yi Whan-woo | 2022-06-09 15:51

Hana Bank signs agreement to support firefighters

Hana Bank signed an agreement to support firefighters and the children of firefighters who died on duty. According to the bank, it signed an agreement with Stump Foundation for Youth and the National Fire Agency at the bank's headquarters in downtown Seoul, Thursday, to help support firefighters and their families.

Yoon Ja-young2022-06-09 15:00

Kakao Pay shareholders perplexed by Alipay's block deal

Small shareholders of Kakao Pay are suffering from plunging stock prices, following news that the firm's second largest shareholder sold off five million shares in a block deal. The stock price ended at 89,500 won ($71.23), falling 15.57 percent on Wednesday, as the company officially disclosed earlier in the day that Alipay Singapore Holding - the second largest shareholder ...

Anna J. Park | 2022-06-09 08:41

New KDB chairman faces bumpy road ahead

New Korea Development Bank (KDB) Chairman Kang Seog-hoon is facing a bumpy road with a series of politically sensitive - as well as long-pending - issues awaiting him. Kang was barred from entering his office on his first day of work in Yeouido, Seoul, Wednesday, as unionized members of the KDB were protesting his appointment.

Yi Whan-woo | 2022-06-08 16:26

Hanwha unveils new ESG plan

Hanwha Life Insurance has unveiled its mid-term environmental, social and corporate governance (ESG) management roadmap, with a view to building a more solid foundation for sustainable growth. Under the slogan of Green Life 2030, the company set three core strategies for its new ESG management plan. They include twofold growth in eco-friendly and prosocial investments, a 40-p...

Lee Min-hyung | 2022-06-08 15:54

Corporate sales, profitability boosted by robust exports, spending in 2021: BOK

Companies in Korea saw their sales and operating margins improve markedly in 2021 on the back of robust exports and a spending recovery from the COVID-19 pandemic, central bank data showed Wednesday.

2022-06-08 14:39

AIA Korea launches special event ahead of Tottenham Hotspur's visit to Korea

AIA Korea launched a special campaign ahead of Tottenham Hotspur's visit to Korea, including providing customers with the opportunity to meet the star players of the football team including Son Heung-min.

Yoon Ja-young2022-06-08 14:09

Hyundai Card taps into NFT market

Hyundai Card launched a joint venture to establish a non-fungible token (NFT) trading platform with a local programming education startup, aiming at expanding its presence in the emerging growth area. The card firm and Like Lion will join hands for the launch of an NFT marketplace and wallet service sometime in the latter half of 2022, Hyundai Card said Tuesday.

Lee Min-hyung | 2022-06-07 15:46

Retail stocks expected to rise as consumers spend more offline

Traditional retail stocks, such as department stores and shopping malls, are expected to benefit the most from a wider resumption of spending in the second half of this year. While luxury product sellers and online retailers enjoyed a boom during the COVID-19 pandemic, fashion and food-and-beverage (F&B) purchases through offline channels are expected to attract more consumer...

Anna J. Park | 2022-06-06 17:05

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