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Tue, March 21, 2023 | 20:46
[CONTRIBUTION] Activist funds gain influence, power
CONTRIBUTIONActivist funds gain influence, power
Recently, Kakao Entertainment and HYBE engaged in a fierce money game to acquire SM Entertainment (SM), the leading entertainment company in Korea, after which Kakao has emerged victorious.
2023-03-21 17:02
LVMH allegedly joins takeover bid to acquire Missha
LVMH allegedly joins takeover bid to acquire Missha
LVMH Group, the world's largest luxury group, which operates the global beauty store Sephora, has joined a preliminary takeover bid to acquire a controlling stake of Able C&C, the operator of cosmetics brand Missha, according to media reports and sources.
Anna J. Park | 2023-03-21 16:42
Gov't considers restoring Korea-Japan finance ministers' meeting
Gov't considers restoring Korea-Japan finance ministers' meeting
The government is considering resuming an annual meeting between the finance ministers of Korea and Japan in response to reconciliation efforts pledged by the leaders of the two countries at their latest summit, according to sources, Tuesday.
Yi Whan-woo | 2023-03-21 16:37
Apple Pay service starts in Korea
Apple Pay service starts in Korea
Apple began its near field communication (NFC) based mobile payment service, Apple Pay, in Korea, Tuesday, under a partnership with Hyundai Card, the country's third-largest credit card company. After registering their cards on Apple Pay, Hyundai Card users can make payments at stores with their iPhones, iPads, as well as Apple Watch. Mac users can also pay through Apple Pay ...
Anna J. Park | 2023-03-21 16:29
Shinhan, Woori shine in overseas business
Shinhan, Woori shine in overseas business
Shinhan Bank and Woori Bank saw an increase in the net profits of their respective offshore businesses last year, driven by strong performances in Southeast Asia, according to data, Tuesday. The Financial Supervisory Service's (FSS) electronic discourse system showed Shinhan Bank's 10 corporate bodies abroad reported a combined net profit of 426.9 billion won ($326.2 million)...
Yi Whan-woo | 2023-03-21 15:40
Foreign banks in Korea see net jump over 40% in 2022 on derivatives profits
Foreign banks in Korea see net jump over 40% in 2022 on derivatives profits
Foreign bank branches in Korea saw their combined net profit jump over 40 percent in 2022 due to a rise in earnings from derivative products amid heightened market volatility, data showed Tuesday.
2023-03-21 14:29
Korea endorses World Bank president nominee Banga
Korea endorses World Bank president nominee Banga
Korea's finance ministry said Tuesday it has decided to endorse the U.S.-picked nominee for the president of the World Bank, expressing hope for closer ties between Asia's No. 4 economy and the Washington-based organization.
2023-03-21 12:46
Exports down 17.4% during first 20 days of March
Exports down 17.4% during first 20 days of March
Korea's exports fell 17.4 percent on-year in the first 20 days of March, data showed Tuesday, amid the protracted downcycle in the global semiconductor industry.
2023-03-21 09:44
Producer prices up for 2nd straight month in February
Producer prices up for 2nd straight month in February
Korea's producer prices rose for the second straight month in February as service prices increased, central bank data showed Tuesday.
2023-03-21 09:34
Korea sets record of half million economically inactive youth
Korea sets record of half million economically inactive youth
Almost half a million young people between the ages of 15 and 29 were economically inactive without searching for or preparing to get a job last month, data showed. The number of young people taking time off has been increasing each year as more give up looking for work.
Lee Yeon-woo | 2023-03-20 16:47
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Top 10 Stories
1Woman killed in stopped car struck by bus on highway Woman killed in stopped car struck by bus on highway
2Korea sets record of half million economically inactive youth Korea sets record of half million economically inactive youth
3Commuters still wear masks despite end of mask mandate on public transportation Commuters still wear masks despite end of mask mandate on public transportation
4[INTERVIEW] North Korean-born chef delights Southerners' taste buds, breaks down cultural barriers INTERVIEWNorth Korean-born chef delights Southerners' taste buds, breaks down cultural barriers
5KAIST student becomes first Korean recipient of Apple Scholars fellowship KAIST student becomes first Korean recipient of Apple Scholars fellowship
6COVID-hit Myeong-dong bounces back as tourists return COVID-hit Myeong-dong bounces back as tourists return
7Brides in early 40s outnumber those in early 20s Brides in early 40s outnumber those in early 20s
8Public officials reluctant to dine with coworkers Public officials reluctant to dine with coworkers
9OTT service providers negatively impacted by illegal streaming website OTT service providers negatively impacted by illegal streaming website
10[ANALYSIS] Yoon-Kishida meeting raises expectations of 3-way summit with China ANALYSISYoon-Kishida meeting raises expectations of 3-way summit with China
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