Shinhan Bank announced on March 14 that Shinhan Bank Indonesia has signed a strategic business agreement with Indonesian electronic payment company Indodana (PT Artha Dana Teknologi Indodana) to expand its digital platform-based lending market.Indodana is a digital payment solutions provider that ha
GM's Korean Operations sold 30,630 vehicles in February. Sales were up 16.9% compared to the same month last year.Overseas sales of GM's Korean Operations reached 28,643 units in February, up 14.2% - the 23rd consecutive month of year-over-year growth. The Chevrolet Trax Crossover (along with its de
Hanwha Q CELLS has surpassed 10,000 contracts for its Solar Financing Service launched last year in the United States. As the solar energy division of Hanwha Solutions, Hanwha Q CELLS is leaping from a simple manufacturing company to a “comprehensive energy solution company” with a strategy to overc
Following the passing of the late Lee Kun-hee, the former chairman of Samsung, in 2020, it has been revealed that the mother and two daughters of the Samsung owning family, including Hong Ra-hee, the former director of the Leeum Samsung Museum of Art; Lee Boo-jin, the CEO of Hotel Shilla; and Lee Se
Doosan Robotics announced on Dec. 14 that it signed a memorandum of understanding (MOU) on Dec. 13 (local time) with Schiphol International Airport in the Netherlands and the Danish company Cobot Lift for the supply of the Schiphol International Airport Collaborative Robot Luggage Handling System.Do
Hanwha Aerospace has secured a second phase contract for exporting 152 K9 self-propelled howitzers, worth approximately 3.4 trillion won, following their initial deal in August last year to export 212 units worth around 3.2 trillion won.On Dec. 4, Hanwha Aerospace announced the signing of this secon
The small and medium-sized enterprise (SME) sector is urging the swift passage of the “Business Succession Support Act” currently under consideration in the National Assembly, advocating for businesses to opt for continuity rather than closure. This comes as numerous companies consider closure inste
The Samsung owning family is selling a portion of their Samsung Electronics shares to prepare for inheritance tax.According to the Financial Supervisory Service on Nov. 3, Hong Ra-hee, the former director of Leeum, Samsung Museum of Art; Lee Boo-jin, CEO of Hotel Shilla; and Lee Seo-hyun, chairperso
The three major South Korean shipbuilders – HD Korea Shipbuilding & Offshore Engineering (KSOE), Hanwha Ocean, and Samsung Heavy Industries – are likely to simultaneously achieve a quarterly profit in the third quarter of this year, marking the first time in 11 years.According to the shipbuilding an
With the rise in interest rates and an increase in the sales of high-priced vehicles, the import car industry is experiencing a significant boost in profits from automotive installment financing.According to industry sources on Aug. 16, Mercedes-Benz Financial Services Korea, an affiliate of domesti
Korean credit card companies are growing fast in Southeast Asia. KB Card has risen to the top of the local car installment market share standings in Cambodia since making a foray into the country four years ago. Shinhan Card is also earning billions of won from its installment business in Vietnam an
It was revealed that Hong Ra-hee, the former director of the Leeum Museum, President Lee Boo-jin of Hotel Shilla, and Chairman Lee Seo-hyun of the Samsung Welfare Foundation borrowed a total of 4 trillion won (US$3.1 billion) in stock-secured loans to pay the inheritance tax of the late Chairman Lee
South Korea's inheritance and gift tax burden, in relation to its Gross Domestic Product (GDP), ranks highest among member countries of the Organization for Economic Co-operation and Development (OECD), triggering calls for a comprehensive reform of the country's inheritance tax system. Advo
KB Kookmin Bank announced that Kookmin Bank Bukopin in Indonesia and KB Kookmin Card's Indonesian subsidiary KB Finance Multi Finance (KB FMF) have established a co-location system. KB FMF specializes in credit finance, offering installment financing services for automobiles, motorcycles, and du
Woori Card announced on Sept. 1 that it has acquired an 82.03 percent stake in PT Batavia Prosperindo Finance Tbk, an installment finance company in Indonesia.Woori Card renamed the acquired company Woori Finance Indonesia. It is the card company's second overseas subsidiary after Myanmar Tutu F
A high-ranking official of the U.S. state of Georgia visited Korea to discuss moving up the construction schedule for Hyundai Motor Group’s electric vehicle plant. If the plant starts operation earlier, Hyundai Motor Group will be able to receive tax benefits from the U.S. government earlier.Pat Wil
GS Inima, a subsidiary of GS E&C and a world-class water treatment company, has entered a race to win a mammoth-sized Brazilian sewage treatment plant project.GS Inima Brazil recently partnered with a local construction company, Marquise Infraestrutura, to bid for a project to build sewage treatment
Samsung Biologics announced on April 20 that it has completed the purchase of Biogen’s stake in Samsung Bioepis for US$2.3 billion. With the completion of the first payment of US$1.0 billion pursuant to the terms of the acquisition agreement, Samsung Biologics has now fully acquired Samsung Bioepis
Renowned Korean American serial entrepreneur John Suh said kids have to be allowed to fail in order to succeed, as he addressed parents in Seoul during the second installment of a thought leadership series modeled after TED Talks.The series, dubbed Dulwich Talks after its host pre-K-12 international
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Despite tepid earnings in 2021, Netmarble’s share price is primed to rise this year in response to both earnings growth expectations and planned new game releases. The acquisition of SpinX Games