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News
Namyang Dairy Wins Ruling Voiding Ex-Chairman's 44.4 Billion Won Pay Claim
4+ hour, 36+ min ago (238+ words) Former Chairman Hong Won-sik Loses Severance Suit Must Return 1.17 Billion Won on Counterclaim Commercial Act Requires Shareholder Vote on Director Pay No Valid Procedure Means No Claim to Severance Namyang argued that because no lawful shareholder resolution on director compensation…...
Trump's Energy Stocks Gain Up to $4.4 Million During Iran War
3+ day, 14+ hour ago (552+ words) President Donald Trump's personal energy holdings grew sharply while oil prices swung on the U.S.-Iran war, according to an analysis of his financial disclosures. Over roughly six months since the conflict began, the value of his stakes in nine major…...
Korea Biotech Venture Funding Jumps 54% in First Half
3+ day, 16+ hour ago (311+ words) [First-Half Venture Investment Hits 1.5 Trillion Won, a Four-Year High] 329.3 Billion Won Flows Into Pre-IPO Companies Large Global VCs Also Commit Tens of Billions of Won Screening by Clinical Results Gains Momentum Venture investment in the biotech and medical sector totaled…...
Jay Y. Lee Buys 1.94 Trillion Won in Samsung Shares From Mother
3+ day, 17+ hour ago (316+ words) 7.19 Million Shares Bought Off-Market for 1.94 Trillion Won Direct Deal Between Major Shareholders Replaces Block Sale Proceeds Seen Repaying Loans Taken for Inheritance Tax Lee's Samsung Electronics Stake Rises to 1.58% From 1.47% Through the transaction, Hong secured the cash she needed and…...
Oil Tops $100 as Houthi Strikes Hit Saudi Refineries
4+ day, 6+ hour ago (502+ words) Seoul Economic Daily...
Korea to Add Debt Data to Population Panel in December
4+ day, 10+ hour ago (329+ words) Seoul Economic Daily For young people approaching marriage, questions come as thick as the excitement Where to live, whether a job can be kept, how to secure a home, when to have children These may look like separate questions, but…...
Samsung's Bonus Feud Pits Chip Unit Against Consumer Arm
4+ day, 5+ hour ago (262+ words) Lee Suk-jin, Industry Desk The doctors in the television drama "Hospital Playlist" are all different. Their specialties, personalities and values diverge, yet the moment they play together in their band, they become one team. These days it is hard to…...
Chey Tae-won Accepts 700 Billion Won Divorce Split, Appeals Only 244 Billion
4+ day, 6+ hour ago (153+ words) Seoul Economic Daily BREAKING — SK Group Chairman Chey Tae-won has accepted a 700 billion won ($510 million) property division award to Noh Soh-yeong, and is appealing only 244 billion won of that amount to the Supreme Court. Original reporting by Lim Jong-hyun for…...
Korean Households Face 6.5 Trillion Won More in Annual Interest if Rates Rise 0.5 Point
4+ day, 9+ hour ago (405+ words) Middle- and Low-Income Households to Shoulder 2.3 Trillion Won of the Increase A 1-Percentage-Point Rise Would Add 13.1 Trillion Won in Interest Rising Rates Deepen Repayment Strain and Default Risk for Vulnerable Borrowers A 1-percentage-point rise in interest rates would add 13.1 trillion…...
Court Grants Smilegate Founder's Divorce, Orders 35% Stake Split
4+ day, 9+ hour ago (140+ words) Seoul Economic Daily [BREAKING] A court has granted the divorce of Smilegate founder Kwon Hyuk-bin and ordered that 35% of his shares be divided as marital property. Original reporting by Lim Jong-hyun for Seoul Economic Daily. AI-translated from Korean. Quotes from…...