Seo Jung-jin, the head of biotech company Celltrion Group and one of South Korea’s richest persons, is reported to have children out of wedlock. He recently registered two additional children after a paternity claim.With the emergence of Seo’s two extramarital children, changes may be made in Celltr
The semiconductor industry and business community welcome the so-called K-Chips Act, which was passed by the National Assembly plenary session on March 30.According to the amendment to the Act on Restriction of Special Taxation, the tax deduction rate for capital investment in national strategic ind
An amendment to the Enforcement Decree of the Restriction of Special Taxation Act was passed on Feb. 21 so that companies investing in key industries can get tax credits before investment proof. The official announcement of the new decree is scheduled for late this month and its first effective date
Deputy Prime Minister Choo Kyung-ho remarked on Feb. 20 that the pending amendment to the Trade Union and Labor Relations Adjustment Act is a violation of the principles of the Constitution and civil law. The Environment and Labor Committee of the National Assembly is scheduled to handle it on Feb.
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY, target price of KRW77,000 We maintain BUY and TP of KRW123,000 on KIH. 4Q22 earnings were hit by large-scale provisioning and valuation losses for non-marketable assets, such as real estate projec
The National Assembly finalized a Restriction of Special Taxation Act amendment on Dec. 23. According to the amendment, the tax credit rate applied to a large corporation investing in a national strategic industry is 8 percent and the rates are 8 percent and 16 percent in the case of medium-sized an
The opposition Democratic Party of Korea is pushing ahead with Trade Union and Labor Relations Adjustment Act amendment, with nationwide strikes poised to paralyze multiple industries.The Environment and Labor Committee of the National Assembly tabled the amendment at its meeting on Nov. 30. The ame
Hyundai Motor Group is promoting electric vehicle (EV) production at its existing U.S. factories for internal combustion engine vehicles in an effort to respond to the US Inflation Reduction Act (IRA).The Korean government is also making all-out efforts to make sure that the U.S. administration’s su
Prime Minister Han Duck-soo has reconfirmed his opposition to the pending amendment to the Trade Union and Labor Relations Adjustment Act advocated by opposition parties.The amendment in question is to block enterprises from resorting to provisional seizures and claims for damages, even in the case
Democratic Party of Korea lawmaker Park Yong-jin asked the National Policy Committee of the National Assembly on Nov. 7 to help revise the Insurance Business Act. Ruling and opposition party lawmakers in the committee are discussing whether to handle the matter at their meeting scheduled for next we
As Samsung Electronics Chairman Lee Jae-yong’s declaration of a new Samsung vision is imminent, stock analysts are putting forward various scenarios regarding Samsung Group's governance reform. Some experts even suggest that Lee may push for a group holding company by spinning off Samsung Electr
The Korea Chamber of Commerce and Industry recently conducted a survey on the amendment to the Trade Union and Labor Relations Adjustment Act for limiting provisional seizures and claims for damages regarding illegal strikes.A total of 1,023 persons responded to the survey, 51.8 percent of them answ
Lawmakers of the opposition Democratic Party of Korea and Justice Party are calling for a revision of the Trade Union and Labor Relations Adjustment Act so that no damage suits can be filed against strikers. In response, employers are demanding alternative employment so that they can be protected fr
The private equity fund (PEF) industry is rapidly growing in South Korea. PEFs have acted as problem solvers in the succession processes of large corporations that entail the necessity of avoiding anti-monopoly regulations and making a change in governance structure. In addition, the South Korean go
Attention is focusing on Samsung Group’s governance structure reform after Samsung Electronics (SEC) vice chairman Lee Jae-yong’s recent reinstatement.At present, Lee and his family members own 17.97 percent and 31.31 percent of Samsung C&T, respectively. They indirectly govern Samsung Life Insuranc
The Korea Fair Trade Commission is planning to amend the enforcement decree of the Monopoly Regulation and Fair Trade Act so that a foreigner can be designated as the head of a large business group.The pre-announcement of legislation is anticipated within a month. The purpose is to enable the design
Shinhan Financial Group has temporarily suspended its review of investment in Korbit, one of the four largest virtual asset exchanges in Korea.The group halted its Korbit investment review in April. “It is true that we stopped the investment review,” a Shinhan Financial Group official said. “We can
Deputy Prime Minister Choo Kyung-ho remarked on June 7 that the government would enact and amend supply chain-related laws so that incentives are provided for private-sector companies making efforts to stabilize supply chains, such as import source diversification and manufacturing facility expansio
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Presidential transition committee’s housing policy proposalsThe presidential transition committee, which was launched in March following the presidential election, has been actively communicating
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Fuel cell orders are predicted to weaken in 1H22, owing to policy uncertainties stemming from the delayed amendment of the hydrogen act and a change of government. While the mid/long-term growth pote