All articles List
Games & Commerce
Krafton CEO Kim Chang-han buys 5 billion won of company shares, citing stock price
Krafton said on Tuesday its CEO Kim Chang-han (김창한) bought about 5 billion won worth of the company’s shares, citing a view that the current stock price does not adequately reflect the company’s intrinsic value and mid- to long-term growth strategy. Kim acquired 21,144 common shares on the open market at 234,249 won per share, for a total purchase of 4.95 billion won, the company said.
Finance
President Lee vows tough capital market reforms, says Korea premium possible
President Lee Jae-myung outlined high-intensity reforms aimed at tackling the chronic undervaluation of South Korean stocks known as the Korea discount. At a meeting at Cheong Wa Dae, participants discussed tougher punishment for stock manipulation, changes to the use of treasury shares and problems linked to duplicate listings. Lee also raised shortening the stock settlement period. The Korea Exchange said it would prepare for proactive clearing and settlement.
Finance
Kyobo Life Insurance finalises SBI Savings Bank acquisition after FSC approves change in major shareholder
Kyobo Life Insurance has received financial regulators’ approval for its acquisition of SBI Savings Bank, after passing a major shareholder suitability review. The Financial Services Commission approved the agenda item on changing SBI Savings Bank’s major shareholder at a regular meeting on March 18. Kyobo Life decided in April last year to buy 50 percent plus one share from SBI Holdings for about 900 billion won.
-
Finance
Shinhan Bank joins Project Hangang phase 2
-
Industry
Orion Holdings to cancel 2.49 million treasury shares this year worth 61.5 billion won
-
Industry
Samsung Electronics union renews push for strike for first time in 2 years
-
AI & Enterprise
South Korea to foster brain-computer interface as future industry
-
Industry
Samsung Electronics signs AI memory deal with AMD to supply HBM4 first
-
AI & Enterprise
SKT sells two-thirds of Joby Aviation stake, effectively exits UAM business
-
Telecommunications & Media
Yoo Young-sang, former SK Telecom CEO, earned 3.4 billion won last year; CEO Jung Jae-heon received 2.08 billion won
-
Finance
KOSPI surges past 5,900 on rallies in Samsung Electronics, SK Hynix; Kosdaq up more than 2 percent
-
Crypto
Vietnam details digital asset trading licensing system
-
AI & Enterprise
KT to support National Fire Agency next-generation 119 integrated system
-
AI & Enterprise
Apple to unveil four new Mac models by year-end - report
-
Finance
KOSPI jumps more than 5 percent to reclaim 5,900 level; Kosdaq also rises
-
Finance
President Lee Jae-myung vows to seize cash in stock manipulation to open 'Korea premium' era
-
Finance
NH Investment & Securities designated IMA operator, moving to expand risk capital supply
-
AI & Enterprise
Naver signs AI infrastructure MOU with AMD to advance HyperCLOVA X GPU computing