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Reporter : Lee Min-hyung
Fri, September 22, 2023 | 23:34
Biz lobby proposes establishment of trilateral consultative group with US, Japan
One of Korea's leading business lobby groups has offered to create a trilateral consultative group with its counterparts in the United States and Japan, as part of joint efforts to strengthen supply-side partnerships in key components such as semiconductors and batteries.
Companies | 2023-09-06 16:19
Court rules Hanwha illegally aided firm owned by chairman's sister
A Seoul court has dismissed a lawsuit filed by Hanwha Solutions seeking to reject fines placed on it over its alleged involvement in unfair trading practices with HanExpress, a logistics and shipping firm headed by an older sister of Hanwha Group Chairman Kim Seung-yeon.
Companies | 2023-09-05 16:40
Soaring fuel costs force airlines to shift to emergency mode
Korean Air, Asiana Airlines and low-cost carriers have shifted to emergency mode to attract as many passengers as possible to cope with soaring fuel costs and other operating expense increases, according to industry officials, Tuesday. The number of passengers has been on a rapid recovery track this year, but surging fuel costs are casting dark clouds over the earnings outloo...
Companies | 2023-09-05 16:40
Lukewarm crypto sentiment to pull down exchanges' earnings in 2023
Korea's major crypto exchanges appear likely to continue reporting lukewarm earnings even in the latter half of this year, as fewer investors appear to be betting on an a market recovery occurring anytime soon.
Cryptocurrency | 2023-09-05 08:32
Public subscription of shares regains vigor
More companies are opening public subscription of shares ahead of their planned initial public offerings (IPOs), as corporate demand for fundraising grows faster amid long-lasting macroeconomic uncertainties here and abroad. According to the Korea Exchange, a group of around 10 companies are scheduled to jump into pre-IPO procedures in September. The number exceeds the averag...
Markets | 2023-09-04 16:50
Ex-Bithumb research chief takes on new role at think tank
Lee Mi-seon, a renowned fixed-income market analyst, has taken on a new role as head of research at Hashed Open Research. The think tank is operated by Korea's representative blockchain venture capital firm, Hashed.
Cryptocurrency | 2023-09-04 08:23
Will KB regain former glory as strong IPO player?
KB Securities is seeking to regain its former glory in the local initial public offering (IPO) market after being named as a lead manager for HD Hyundai Global Service whose value is forecast to reach as high as 4 trillion won ($3.02 billion).
Markets | 2023-09-03 16:48
Quarter of YouTuber revenue in Korea goes to top 1%
Almost a quarter of all revenues of YouTubers and one-person content creators in Korea went to those in the top 1 percent bracket, data showed Sunday. According to National Tax Service data submitted to Rep. Han Byung-do of the main opposition Democratic Party of Korea, one-person creators - including YouTubers - reaped a total revenue of 858.9 billion won ($650 million) in 2...
Economy | 2023-09-03 15:58
Hanwha Asset Management launches ETF tracking Japanese tech firms
Hanwha Asset Management launched an exchange-traded fund (ETF) investing in Japanese materials, components and equipment industries amid growing investor interest in the Japan's high-tech semiconductor-related companies.
Markets | 2023-08-31 16:24
Ambiguous delisting rule sparks concern across crypto industry
Investors are crying foul over an unclear delisting rule on certain cryptocurrencies, as they may end up facing unwanted financial losses when local crypto exchanges make abrupt decisions.
Cryptocurrency | 2023-08-30 16:29
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