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News
“Samsung Group to release KRW 1.3 trillion before Chuseok,” paying suppliers seven days early - MK
6+ hour, 40+ min ago (235+ words) Samsung Group will support efforts to stimulate the domestic economy ahead of the Chuseok holiday by making early payments for goods and helping suppliers manage their finances smoothly. Samsung Group said on the 14th that it plans to pay suppliers KRW…...
Bank Overdraft Balances Near 70 Trillion Won as Borrowing Surges
8+ hour, 30+ min ago (545+ words) Businesskorea Balances Jump 9.6% in Seven Months as Existing Borrowers Draw More From Credit Lines Outstanding balances on overdraft accounts at South Korean banks have climbed to nearly 70 trillion won this year, raising concerns about household finances. While the opening of…...
National Pension Service Names Lee Kyu-hong as CIO, Testing Asset Allocation of $1.35 Trillion Fund
8+ hour, 26+ min ago (446+ words) The National Pension Service said it appointed former Teachers’ Pension investment management chief Lee Kyu-hong as its new **CIO** to oversee $1.35 trillion in national retirement assets. The new CIO, who posted three straight years of double-digit **fund management returns** at…...
LG opens Middle East's first B2B AI home experience space in Saudi Arabia
6+ hour, 16+ min ago (175+ words) SEOUL, Sept. 14 (Yonhap) -- LG Electronics Inc., a major South Korean home appliance maker, said Monday it has opened the Middle East's first business-to-business (B2B) artificial intelligence (AI) home experience space in Saudi Arabia. The company recently established the B2B-focused AI home…...
SK AX wins ministerial award for excellence in operating government-recognised corporate certification system
9+ hour, 59+ min ago (258+ words) digitaltoday.co.kr SK AX said on Sept 14 it won a ministerial award at a case presentation contest on best practices in operating the government-recognised corporate qualification system hosted by the Ministry of Employment and Labor The award was presented…...
Seoul Apartment Land Transaction Permit Applications Fall for Fourth Straight Month to Lowest Since October Designation — BigGo Finance
6+ hour, 6+ min ago (616+ words) New land transaction permit applications for Seoul apartments totaled 3,012 in August, the lowest level since the entire city was designated a permit zone last October. Applications have now declined for four consecutive months after peaking at 8,896 in April. The Seoul…...
KB shake-up pressures Korea bank chiefs as reappointment decisions loom
2+ hour, 10+ min ago (13+ words) KB shake-up sets stage for industrywide CEO turnover in South Korea - CHOSUNBIZ Chosunbiz...
Hyundai Motor's 9 Trillion Won Investment Poised to Break Saemangeum's 35-Year Stagnation — Shift to Public-Led Development, Next Year's Budget at 222.2 Billion Won — BigGo Finance
2+ hour, 12+ min ago (650+ words) The Saemangeum Development and Investment Agency is shifting its development approach from private investment-led to public-led after 35 years of delays, with a comprehensive overhaul of land-use plans. Hyundai Motor Group plans to invest 9 trillion won (approximately $6.7 billion) by 2029 to build…...
Chilgok County Strengthens Employee Communication to Achieve Top Integrity Grade
6+ hour, 27+ min ago (271+ words) Published 14 Sep.2026 14:14(KST) Chilgok County in North Gyeongsang Province is strengthening communication with its employees as it aims to achieve the top grade in integrity. On September 11, the county held the “2026 Integrity Concert” at the Humanities Hall of the Education…...
Nominee for KB Financial Group's next chief
12+ hour, 25+ min ago (74+ words) Yonhap News Agency Lee Jae-keun, head of the group's global business division at KB Financial Group Inc., meets the press at the headquarters of the banking group in Seoul on Sept. 14, 2026, after the financial holding firm's nomination committee picked him…...