Samsung Biologics held its 13th regular general shareholders’ meeting at the Songdo Convensia in Incheon on March 15. The shareholders’ meeting, attended by approximately 1,500 shareholders both on-site and online, lasted for about 30 minutes starting at 9 a.m.During the meeting, a total of four age
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
Big South Korean companies are exiting China one after another. Business uncertainties are being fueled by fiercer competition and declining profitability in the Chinese market coupled with the U.S. government’s checks on China and policy changes by Chinese government authorities.Lotte Chemical sold
Chinese e-commerce giant Alibaba Express announced a consumer protection policy on March 14 that offers unconditional returns and refunds within 90 days for cross-border online purchases. Additionally, it has officially launched a customer service hotline and plans to invest about 1.5 trillion won o
The United States targeting Chinese-made goods as part of its supply chain localization and trade war strategies is expected to affect China’s shipbuilding industry after the Chinese semiconductor industry.According to the Financial Times (FT) and other foreign media outlets, U.S. President Joe Bide
It has been revealed that nine out of the top 10 major corporations have seen unanimous approval from external directors on board resolutions.Corporate data research institute CEO Score announced on March 13 that out of the 181 companies listed among the top 500 domestic companies by revenue, which
Even after surpassing the “psychological resistance level” of 100 million won, bitcoin continues its upward trend in the domestic market.In particular, a phenomenon known as the “kimchi premium” is observed, where the price of bitcoin in the domestic market is forming higher than that in the U.S. ma
South Korean shipyards are continuously winning contracts for very large crude carriers (VLCCs). Recently, Hanwha Ocean and HD Korea Shipbuilding & Offshore Engineering (HKSOE) have pursued high-value contracts for VLCCs as part of their strategy to diversify their vessel portfolios and prioritize s
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.We believe that Samsung Life will boast the most visible and active shareholder return among major insurance plays. However, with such expectations already partially reflected, the firm’s share price
SK innovation has liquidated its Chinese battery subsidiary.According to the Financial Supervisory Service’s electronic disclosure system on March 12, SK innovation has liquidated its China-based subsidiary Blue Dragon Energy. It has been six years since the company invested 580 million yuan in Blue
LG Electronics will invest US$60 million in AI-based autonomous service robot startup Bear Robotics based in Silicon Valley of the United States.LG Electronics announced on March 12 that it has entered into a share subscription agreement to invest US$60 million in Bear Robotics to acquire a stake in
To strengthen its global operations, Shinhan Bank is accelerating the development and marketing of products targeting local customers, including the launch of digital loan products overseas.According to Shinhan Bank on March 12, Shinhan Bank Indonesia is partnering with local fintech platform compan
Samsung Electronics and SK hynix have reportedly stopped selling their old semiconductor equipment to China. The move comes in response to the United States urging them to align with its controls on semiconductor exports to China.The Financial Times (FT) cited several industry insiders on March 12 s
KB Financial Group has achieved the top position among domestic financial institution brands in the “Banking 500,” announced by the prestigious brand evaluation institution “Brand Finance” based in the U.K.Brand Finance evaluates brand value annually by comprehensively considering financial performa
The government is taking steps to solicit opinions from overseas financial institutions and investors regarding measures to improve the foreign exchange market structure and support corporate value-up initiatives.The Ministry of Economy and Finance (MOEF) announced on March 10 that Shin Joong-beom,
The author is an analyist for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.HGI’s 2023 dividend announcement fell somewhat short of market expectations. However, if sufficient profits available for dividend are secured through system improvements, an expansion of shareholder
Mirae Asset Global Investments announced on March 7 that its Canadian ETF subsidiary, “Horizons ETFs,” will change its name to “Global X Canada” starting from May.“Horizons ETFs,” acquired by Mirae Asset Global Investments in 2011, is the fourth-largest ETF operator in Canada. At the time of acquisi
The Export-Import Bank of Korea (Korea Eximbank) announced on March 7 that it has inked a memorandum of understanding (MOU) with the United States Department of Energy (DOE) for cooperation in the fields of supply chain and eco-friendly energy.Yoon Hee-sung, the president of the Korea Eximbank, sign
Michael B. Kim, Haverford College alumnus, founder-chairman of one of Asia’s largest private equity firms, and best-selling novelist has been appointed chair of the Haverford College Board of Managers.Haverford College announced on March 6 (local time) that Kim will lead the board of trustees as cha
KEB Hana Bank announced that its German subsidiary, “KEB Hana Bank Germany,” has obtained an international credit rating of “Aa3” from Moody’s, one of the world’s top three credit rating agencies.KEB Hana Bank (D) AG, a wholly-owned subsidiary of KEB Hana Bank, has been operating in Frankfurt, Germa