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Wed, March 22, 2023 | 06:02
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.
Could Doosan Robotics be valued at 1 trillion won in IPO?
As the robotics industry enjoys an upswing in the market, all eyes are on Doosan Robotics and whether it could be Korea's next trillion-won valued company. According to investment bank industry sources, the number one co-robot producer in Korea is preparing to go public this year. It has designated Mirae Asset Securities and Korea Investment & Securities as its lead underwrit...
Apple Pay's imminent launch in Korea draws mixed responses
Apple Pay is finally set to land in Korea on Tuesday. Despite the intense anticipation surrounding its launch, the service is expected to face challenges for some time due to a lack of necessary infrastructure and service providers.
FSS chief flatly denies rumors about running for election
Financial Supervisory Service (FSS) Governor Lee Bok-hyun has flatly denied the long-standing rumor that he will run in the upcoming election, according to officials from the FSS. Lee reportedly stated in a closed meeting, held on Tuesday that he believes that "The FSS is an organization as important as the prosecution” and that he will “stick with the FSS like a leech and wo...
Large exposure limits for banks to be extended again amid SVB fallout
The financial authorities will extend the large exposure (LEX) limits for banks again this year because of expanding market volatility caused by the collapse of Silicon Valley Bank (SVB) following a liquidity crunch.
JB Financial set for battle against activist fund
JB Financial and activist fund Align Partners are set to face off at the upcoming general stockholders' meeting, as JB Financial rejected proposals from its second largest shareholder to increase dividends and appoint an outside director.
Korean biz leaders to join president's trip to Japan
The heads of the country's major conglomerates will accompany President Yoon Suk Yeol on his upcoming visit to Japan next week, in hopes of seeking new business opportunities and resuming economic cooperation that was virtually halted following Japan's export restrictions on key industrial materials to Korea.
Kakao shareholders frustrated by protracted battle over SM
Shareholders of Kakao are expressing frustration after the internet company launched a tender offer earlier this week aiming to purchase a 35 percent stake in SM Entertainment. Investors are questioning whether taking over SM's management rights will help boost Kakao's plunging stock price.
Foreign investors turn to JYP amid intensifying battle over SM
Foreign investors are focusing their attention on JYP Entertainment while Korean investors are turning their eyes to SM Entertainment's skyrocketing stocks amid an intensifying battle between Kakao and HYBE over its management rights.
Haitai denies suspicions of inflating sales figures to boost share price
Haitai Confectionary & Foods is suspected of inflating sales performance figures by billions of won between 2016 and 2017, raising suspicions that it manipulated information intentionally to jack up its stock price. The head office denied the suspicions, blaming “regional sales offices” for the irregularities.
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