Starting from April of this year, foreigners and overseas Koreans must reside in the country for at least six months to be eligible for health insurance as dependent beneficiaries.According to the National Health Insurance Service on Jan. 24, a revision to the Health Insurance Act will take effect f
Hyundai Motor Group running Hyundai Motor and Kia Corp. is expected to have set a new sales record in 2023. It is also expected to claim the No. 3 global position for the second consecutive year.Hyundai Motor and Kia Corp. are expected to have logged record annual operating profits of 15 trillion wo
After surpassing LG, SK has reclaimed the second position in group market capitalization. This marks a comeback after a two-year period since January 2022 when LG Energy Solution was listed, pushing SK to the third spot in market capitalization.According to the analysis conducted by the Korea CXO Re
On Jan. 17, KB Financial Group was announced as the only domestic financial company to be selected for the “Global 100 Most Sustainable Corporations in the World” by the global ESG advisory group Corporate Knights, marking its consecutive inclusion for two years.The “Global 100 Most Sustainable Corp
On Jan. 19, Dong-A ST NeuroBo Pharmaceuticals announced the commencement of the global Phase 2 Part 2 clinical trial for its Metabolic dysfunction-associated steatohepatitis (MASH) treatment DA-1241.Last May, the company received approval from the U.S. Food and Drug Administration (FDA) for the glob
The Financial Services Commission (FSC) has stated that trading bitcoin spot exchange-traded funds (ETFs) violates domestic capital market regulations in South Korea. However, overseas bitcoin futures ETFs will continue to be traded as usual.On Jan. 15, the FSC announced that the issuance of bitcoin
Chairman Seo Jung-jin of Celltrion Group has revealed plans to list the holding company, Celltrion Holdings, on the NASDAQ in the United States.According to the industry sources on Jan. 15, Chairman Seo, who owns 98.5% of Celltrion Holdings, announced these plans while speaking at the Korean Busines
GC Biopharma Group is approaching close to 5 trillion won in total assets, setting a milestone as the first traditional pharmaceutical group to reach the disclosure threshold for public reporting.According to the electronic disclosure system on Jan. 11, the total assets of GC Biopharma Group, includ
During a press conference at the JP Morgan Healthcare Conference (JPMHC), the world’s largest pharmaceutical and biotech investment event, on Jan. 10 (local time), Celltrion Group Chairman Seo Jung-jin announced that the company plans to establish a healthcare investment fund worth 100 trillion won.
A research study revealed that the total market capitalization of all listed companies in South Korea has increased by nearly 500 trillion won over the past year. The top two companies in terms of market cap growth were Samsung Electronics and SK hynix, with the combined market cap of these two comp
Mirae Asset Global Investments announced on Jan. 11 that its Canadian ETF subsidiary, Horizons ETFs, has surpassed 30 billion Canadian dollars in assets under management. Acquired by Mirae Asset Global Investments in November 2011, Horizons ETFs has grown its assets about ninefold from the initial C
The majority of Chinese companies listed on the South Korean stock market have experienced a sharp decline in their stock prices over the past year. This is attributed to the economic downturn in China last year, which worsened investor sentiment towards Chinese companies coupled with accumulated di
More than four out of 10 listed companies in Korea were unable to pay interest with money they made, according to a recent survey. High interest rates and stagflation worsened the business environment, raising red flags on their financial conditions.As of the third quarter of 2023, 710 of 1,674 list
In India, where global corporations and investors are focusing their attention as the “next China,” Mirae Asset Global Investments is gaining influence in the local market by surpassing 1 trillion won in assets under management (AUM) with its exchange-traded funds (ETFs).According to the asset manag
The landscape of venture investment, including startups and other unlisted companies, has undergone significant changes after enduring a cold spell lasting more than a year and six months. Instead of Software as a Service (SaaS), the rise of manufacturing industries such as semiconductors has become
Starting in the second half of this year, non-index-linked general public funds will be directly listed on the Korea Exchange and traded like exchange traded funds (ETFs). With increased convenience for investors and reduced sales commissions, expectations are high for the revitalization of the fund
As electric vehicles (EVs) loaded with Chinese batteries have finally been scratched off the list of EVs that can receive tax credits in accordance with the U.S. Inflation Reduction Act (IRA), voices are growing that the Korean battery industry may enjoy reflective benefits from it. However, a large
LS Cable Asia marks the first trading day of the new year under its revised name, LS Eco Energy. Listed on the Korea Exchange’s KOSPI market since Sept. 22, 2016, LS Eco Energy is strategizing to boost corporate value by venturing into new businesses like undersea cables and rare earth elements.Acco
Earnings at Samsung C&T have been leveling upwards on strong earnings at the construction division through captive clients and brisk growth at the bio division. Based on such, the firm has announced plans to: 1) expand investment to strengthen its business portfolio; and 2) retire all of its treasur
A public tender for a 4.7 trillion won stake in NXC, the holding company of Nexon, has ended empty-handed again.The second tender for 851,968 shares (29.3 percent stake) of NXC failed to find buyers, according to the Online Tender Offer System of Korea Asset Management Corporation (KAMCO) on Dec. 29