The author is an analyst of NH Investment & Securities. He can be reached at ys.hwang@nhqv.com. -- Ed. Amid a drop in overall profitability in the petrochemical industry in 2H21, Kumho is maintaining relatively high profitability thanks to a business portfolio centered upon products in tight supply.
The Samsung Group founder family’s stake in the group considerably increased after the death of chairman Lee Kun-hee in October last year. Specifically, Samsung Electronics vice chairman Lee Jae-yong’s stake in Samsung Electronics more than doubled from 0.62 percent to 1.44 percent until May this ye
The Korea Fair Trade Commission fined Mirae Asset Daewoo Group 4.39 billion won in May last year, saying that 11 subsidiaries in the group conducted illegal internal transactions with a company in which chairman Park Hyeon-joo and his family have a stake of more than 90 percent.“The company runs gol
Samsung Electronics has showcased its latest advancements with processing-in-memory (PIM) technology at Hot Chips 33—a leading semiconductor conference where the most notable microprocessor and IC innovations are unveiled each year.Samsung’s revelations include the first successful integration of it
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. Since the early days of the COVID-19 pandemic, we have seen the sale of homes increase to the point of being labelled an all-out buying spree. The housing market is red-hot as limit
Kakao founder Kim Beom-su has recently become the richest South Korean beyond Samsung Electronics vice chairman Lee Jae-yong. Their current assets are US$12.9 billion and US$11.8 billion, respectively.They are followed by Celltrion honorary chairman Seo Jung-jin (US$10.4 billion) and Nexon founder K
Enterprise research institute Leaders Index recently analyzed the 650 current CEOs of the top 500 South Korean enterprises and released the result of the analysis on Aug. 9.According to it, the careers of 57 out of the 650 CEOs are unavailable and the 593 CEOs include 103 that are owner family membe
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 2Q21 earnings in line with market consensus — LG Uplus (LGU) announced preliminary 2Q21 earnings with revenue at KRW3.35tn (+2.2% YoY), OP at KRW268.4bn (+12.0% YoY), and NP (attributable to controlling
Michael ByungJu Kim, founder and chairman of MBK Partners, has agreed to donate KRW 30 billion (approximately USD 26.5 million) to the Seoul Metropolitan Government for the construction of a public library in Bukgajwa-dong in Seodaemun.A ceremony was held at the Seoul City Hall on Friday, August 6,
Korean artist Sisley-L has been designing and painting art pieces for the past 16 years. Using art as a platform, she is supporting world peace initiatives and exploring the NFT space.To date she has opened exhibitions all over the world, including New York City, Hawaii, Manila, Singapore, Hong Kong
Hanwha Group chairman Kim Seung-youn celebrated his 40th anniversary as chairman on Aug. 1. "The group owes its growth and innovation over the past 40 years to employees’ devotion and hard work," Kim said. "Let's make Hanwha a company that can survive for more than 100 years with an indomitable
Startup Alliance reported on July 8 that a total of 108 investments that add up to 1,195.9 billion won were made in South Korean startups last month. The actual total investment is estimated at over 1.2 trillion won in that some startups are yet to make their data public.In May, 82 startups attracte
Hyundai Motor Co. has released a special brand video—starring BTS, worldwide pop icon and Hyundai Motor’s global brand ambassador—to celebrate the completion of Hyundai Motor Group’s acquisition of Boston Dynamics.“With the acquisition of Boston Dynamics, Hyundai Motor will expand its new robotics b
The Ministry of Health and Welfare announced on June 24 that its quarantine exemption for those inoculated with Chinese COVID-19 vaccines will be implemented as scheduled, although the opposite public opinion is increasing.“These days, the number of confirmed infections is increasing in countries us
The Fair Trade Commission (FTC) has decided to impose a total of 234.9 billion won in fines on five Samsung Group companies for making sweetheart deals with Samsung Welstory, a food service affiliate. It also filed a complaint with the prosecution against Samsung Electronics and Choi Ji-sung, former
A consumer boycott of Coupang is spreading among netizens following a fire at the e-commerce company’s logistics center in Icheon, Gyeonggi Province on June 17. After the fire, many people posted proof shots of their Coupang membership cancellation and shared with others how to cancel the membership
A panel discussion was held on June 15 to shed light on the problems of the merger between Hyundai Heavy Industries Co. (HHIC) and Daewoo Shipbuilding and Marine Engineering (DSME).The meeting was organized by Min Hyung-bae and Lee Jung-moon, lawmakers of the Democratic Party, Seo Il-joon, a lawmake
South Korean private equity firm Hahn & Co. announced on May 27 that it has signed definitive agreements to acquire a controlling 53 percent stake in Namyang Dairy Products for about 310 billion won.Hahn & Co. acquired all shares owned by former chairman Hong Won-sik and his family. Namyang Dairy Pr
Coway, the No. 1 player in the Korean rental industry, achieved a perfect score in governance transparency in an evaluation of Korea’s top 500 companies released by CEO Score on May 20.CEO Score, a corporate evaluation site, assessed the top 500 domestic companies in eight categories -- fast growth,
The number of minority common shareholders in Samsung Electronics increased from 2,153,969 to 3,867,960 in the first quarter of this year. The number increased by more than 2.5 million in one year and approximately 3.3 million in 15 months.Individual investors’ net buying in Samsung Electronics amou