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Reporter : Kim Yoo-chul
Thu, February 9, 2023 | 08:45
Delta variant saps business sentiment in Korea
Rising numbers of COVID-19 cases and the continued spread of the Delta variant rattled business sentiment in July, with the country's business survey index (BSI), which measures how companies view surrounding conditions, turning red for the first time since February.
SM Group confirms bid for SsangYong Motor
Mid-tier local conglomerate SM Group has officially confirmed its interest in acquiring a controlling stake in the ailing SsangYong Motor, hoping to enter the burgeoning electric vehicle (EV) market.
[ANALYSIS] With Lee's release from prison, Samsung shares set to rise
All of the company's numbers - from profit margin and operating profit to sales - are strong, and analysts have no big questions over its business outlook for the rest of the year. However, Samsung Electronics shares have been trapped in a boxed-in range for more than five months.
Mobile exit, pandemic consumer habits hugely benefit LG Electronics
LG Electronics reported stellar second-quarter earnings results thanks to rising demand for electronic gadgets amid the continued COVID-19 pandemic, while its decision to pull out of the money-losing handset business also helped its bottom line.
Moody's upgrades ratings outlook on Jeonbuk, Gwangju banks
Moody's Investors Service has left unchanged its A3 credit ratings on JB Financial Group's two banking affiliates - Jeonbuk Bank and Gwangju Bank - and revised up its outlook for the banks to “positive” from “stable.”
LGES to set up battery joint venture with Hyundai Motor
LG Energy Solution (LGES), one of the world's largest electric vehicle battery manufacturers, has ...
[ANALYSIS] What matters most in Samsung's foundry business?
For Samsung Electronics, an obvious strategy in its ambitious high-stakes initiatives - to transform the company into a global top player in contract-based chip manufacturing - will clearly be a transformational pursuit, as the top memory chipmaker is asked to move into the profitable foundry business.
Apple leans toward LG as BOE struggles
Apple, which is ramping up production of its latest iPhones and iPads, is leaning toward asking LG and Samsung's display affiliates to supply more small and mid-sized OLED panels. The move comes as Chinese display manufacturer BOE continues to struggle to improve the quality of its small- and mid-sized OLED displays for use in Apple's products.
Internet bank's IPO hastens banking groups' dividend payment
Ahead of the planned initial public offering (IPO) of KakaoBank, Korea's largest mobile-only bank, major local banks are planning for the highest dividends payout this year.
GM, SsangYong, DSME deal trouble burdening Korea Development Bank
Deepening trouble seen at General Motors Korea (GM Korea) and SsangYong Motors with the European Union delaying an approval of Hyundai Heavy's proposed merger with Daewoo Shipbuilding and Marine Engineering (DSME) is testing Korea Development Bank (KDB)'s management skill, again.
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