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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

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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