The police have referred individuals connected to Fidelis Asset Management, including its CEO, who are under suspicion for the improper sale of the “Fidelis Fund,” to the prosecution.The Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency announced that three individuals, incl
The Financial Supervisory Service (FSS) has decided to significantly strengthen its inspection system in the capital market, including the asset management industry, as illegal activities persist. Furthermore, ailing and illegal companies found in violation of regulations will face immediate cancell
While the number of foreign nationals subscribing to domestic personal medical insurance is on the rise, it has been observed that the incurred losses and loss ratios of foreign policyholders under personal medical insurance have also increased.According to the “Status of Foreign Nationals’ Personal
The Financial Supervisory Service (FSS) is launching a comprehensive investigation into related securities firms to gather more precise information and evidence regarding the suspected preferential redemption of the “Lime Fund.” Amid allegations that funds were returned only to certain influential f
As AIA Life Insurance prepares for the launch of its sales company in September, the company has started offering a remarkable incentive to competitors’ agents: up to 200 percent of their previous year’s salary. This represents a substantial increase of 18 to 190 percentage points above the industry
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Although NCSOFT’s recent CBT for TL resulted in some negative reviews, the firm is now making several improvements to the new title before the release of the official version. Once users play the
Redemption of 48 billion won worth of funds sold by KB Securities and Shinhan Securities was suspended. Investors are claiming that the two companies failed to inform them of the risks of the fund products.The funds, dubbed Fortkorea Green Energy Nos. 1-4, were created by Fortkorea Asset Management,
The Seoul High Court ruled in favor of Samsung Life Insurance in its immediate annuity-related litigation on Nov. 23, after the company had lost the first trial against plaintiff customers. The appellate court ruled that ambiguous insurance clauses cannot be a reason for having to pay insurance mone
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. A Plus Asset is pursuing new growth momentum by deploying a strategy of running GAs as affiliates. If its efforts prove successful, profitability and earnings stability should improve.Effect of 1,200
Truckers ended their strike in eight days, but concerns still remain. The government’s stern stance did not last and the strikers succeeded in expanding the freight charge guarantee that initially caused the strike, which means the financial burden of enterprises will increase.The freight charge gua
Hanmi Pharmaceutical's innovative new drug for acute myeloid leukemia (AML) has won a Fast Track designation from the U.S. FDA. The new drug, HM43239, was licensed out to Aptose, a U.S. biotech company listed on the NASDAQ, in November 2021.“The FDA’s Fast Track designation is a recognition of t
Industry analysts predict that Google will join the foldable phone market this year.Google's entry is expected to serve as a positive factor for Samsung Electronics, as it will expand the foldable phone market, which is being dominated by Samsung. Samsung Electronics uses displays from its subsi
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Due to the restricting of new policy acquisition costs to below 1,200%, A Plus Asset has inevitably been facing sales deterioration this year. However, it is well situated to see earnings improvement
The Ministry of Trade, Industry and Energy and the Ministry of Science and ICT applied for feasibility studies in September this year regarding the development of next-generation small modular reactors. In their application for the 583.2 billion won project, they clarified that the development is fo
Tesla, a U.S. electric vehicle manufacturer, will reportedly outsource production of next-generation self-driving chips to Samsung Electronics.Samsung’s Foundry Business Division beat Taiwan’s TSMC based on its chip design capabilities, process technology, and greater value for money. Industry watch
SK Telecom (SKT) announced on May 11 its earnings for the first quarter of 2021 on a K-IFRS consolidated basis: revenue of 4.781 trillion won, operating income of 388.8 billion won, and net income of 572.0 billion won.Compared to the same period last year, SKT’s consolidated revenue and operating in
SK Holdings C&C has joined hands with Google Cloud Korea to jointly develop digital innovation platforms and solutions for industries based on Multiverse, an integrated digital platform developed by SK Holdings C&C.The two companies will promote a “digital flagship” project aimed at developing digit
The author is an analyst of NH Investment & Securities. They can be reached at jaemin.ahn@nhqv.com. -- Ed. - According to media reports, NAVER, CJ Logistics, CJ ENM, and Studio Dragon have decided to exchange treasury shares. The companies explained that they are considering various strategic measur
Amid continuing controversy over the quality of their 5G services, the three Korean mobile carriers have been found to have addressed only 4.7 percent of the customers’ complaints about their services.On Oct. 4, Rep. Han Joon-ho of the ruling Democratic Party disclosed data on the mobile carriers’ h
Samsung Electronics announced on Jan. 1 that all of its 2020 QLED 8K TV models have obtained 8K UHD certification from the Consumer Technology Association (CTA) of the United States. As a result, the dispute between Samsung Electronics and LG Electronics over 8K TV image quality and certification is