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Tue, January 21, 2020 | 03:09

Non-life insurers suffer declining profitability in Q3

Non-life insurers suffer declining profitability in Q3

Non-life insurers here have posted a sharp decline in earnings during the first three quarters amid deteriorating profitability in their car and indemnity insurance businesses. Samsung Fire & Marine Insurance, the nation's largest non-life insurer, reported 585.9 billion won ($501.32 million) in net profit during the same period, down 35.1 percent from a year ago.

Lee Min-hyung | 2019-11-22 15:53

Investors pay more attention to '5G stocks'

Investors pay more attention to '5G stocks'

Investors are paying growing attention to stocks related to the fifth-generation (5G) network equipment ahead of its widespread commercialization next year. KMW, a manufacturer of antennas and network equipment listed on the nation's secondary Kosdaq bull market, is particularly drawing attention after the company posted a major turnaround recently.

Lee Min-hyung | 2019-11-22 15:51

Foreigners dump Korean shares amid trade feud

Foreigners dump Korean shares amid trade feud

The Korean stock market tumbled as foreigners continued to offload their holdings for the 11th consecutive session, as the drawn-out U.S.-China trade feud shows no signs of abating, analysts said Thursday.

Lee Kyung-min | 2019-11-21 17:25

Hyundai Card seeks leadership in 'super-customized' service

Hyundai Card seeks leadership in 'super-customized' service

Hyundai Card is coming to the fore as the leader of the nation's “super-customized” credit card services provider with its big data analytics tool. The term “super-customization” in the card industry means the highest level of tailor-made services for customers, after card companies analyze spending patterns of their users, according to Hyundai Card.

Lee Min-hyung | 2019-11-21 16:29

KB Kookmin Card buys 80% stake in Indonesian finance firm

KB Kookmin Card buys 80% stake in Indonesian finance firm

KB Kookmin Card has decided to buy an 80-percent stake in Indonesian finance firm, PT. Finansia Multi Finance (FMF), for 94.9 billion won ($80.64 million), as part of the firm's overseas expansion, the company said Thursday. The Seoul-based credit card operator plans to complete payments for deal by the end of the first quarter of next year.

Lee Min-hyung | 2019-11-21 16:27

Semiconductor stocks surge on hopes for sales rebound

Semiconductor stocks surge on hopes for sales rebound

Stock prices for major semiconductor manufacturers here are on a rapid rise amid signs of a sales rebound despite a recent drop in their valuation due to unfavorable market conditions. On Monday shares of SK hynix, the world's second-largest memory chip maker, hit 85,100 won ($72.82), the highest price in 52 weeks, as sales for the firm's major cash-cow DRAM memory chips are ...

Lee Min-hyung | 2019-11-19 16:52

Samsung insurance affiliates tumble in Q3

Samsung insurance affiliates tumble in Q3

Samsung Group's finance affiliates have reported mixed results in their earnings during the first three quarters combined ahead of the conglomerate's year-end reshuffle of CEOs. Samsung Life Insurance, one of Samsung's key financial affiliates, posted 976.8 billion won ($837 million) in net profit in the first three quarters, down 43.4 percent from a year ago.

Lee Min-hyung | 2019-11-18 15:40

[INTERVIEW] Yoon the first Korean lawyer who founded AMC

[INTERVIEW] Yoon the first Korean lawyer who founded AMC

Refusing to stick to the conventional legal services market, lawyer Yoon Kyeong, 59, a former presiding judge of the Seoul Central District Court, has emerged as one of the freshest outliers in the nation's legal circles recently.

Park Jae-hyuk | 2019-11-18 09:44

Business groups' investments dip on earnings shocks

Business groups' investments dip on earnings shocks

The combined investments by Korea's major business groups dropped 17 percent in the first three quarters of the year due to a plunge in earnings amid the economic downturn, data showed Sunday. According to corporate tracker CEO Score, 272 subsidiaries of 29 business groups invested a combined 54.3 trillion won (46.6 billion) in the January to September period, down 10.8 trill...

Lee Kyung-min | 2019-11-17 17:12

Foreign PEFs struggle to exit food franchises

Foreign PEFs struggle to exit food franchises

Morgan Stanley Private Equity, Affirma Capital and Affinity Equity Partners are facing difficulties in unloading Korean food franchises they own, due to their mistaken predictions about the nation's restaurant industry, according to analysts, Friday.

Park Jae-hyuk | 2019-11-15 16:42

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