Search results for employee compensation
Finance
Race to pre-empt won stablecoin as third financial hub nears
South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.
Industry
Samsung Electronics approves 110 trillion won shareholder returns, largest ever for Korean company
Samsung Electronics will pursue the largest shareholder returns plan in South Korean corporate history. The company said its board on Aug. 21 approved a 2026 shareholder returns plan estimated at 90 to 110 trillion won, about five times the previous peak in 2020. The decision follows its 2024 to 2026 policy to use 50 percent of free cash flow for shareholder returns. Details will be finalised later this year and next January.
Finance
KakaoBank to cancel 51% of treasury shares, use remainder for employee compensation
KakaoBank will cancel 270,000 of its treasury shares, or about half of the total it holds, within the legal deadline to enhance shareholder value, it said on Aug. 17. As of June 30, the company held 532,334 treasury shares, with the planned cancellation accounting for about 51 percent. The remaining 262,334 shares will be used for employee compensation. KakaoBank plans to seek shareholder approval in 2027 for a detailed holding and disposal plan.
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Finance
Hecto Financial sets record first-half results, pushes stablecoin and AI payment infrastructure businesses
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Crypto
NYSE-listed AI firm Vida Global pays part of salaries in bitcoin, keeps books in dollars
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Industry
Samsung Electronics\' chip unit makes up 99.7 percent of company operating profit
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Industry
Samsung Electronics, SK Hynix DRAM operating margin nears 80 percent as memory boom holds firm
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Industry
SpaceX IPO boost may have made thousands of employees millionaires, Musk says
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Games & Commerce
Kakao responds to union strike warning, says demands would be major management burden
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Industry
Go Yang to cancel 19.1 billion won of treasury shares under revised Commercial Act
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Industry
Global ESG focus shifts to governance, South Korean companies face urgent response
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Telecommunications & Media
SKT approves tax-free dividend agenda to boost shareholder returns
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Games & Commerce
NC changes name and sets out three strategies as shareholders criticise dividend and pay
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Finance
Assembly passes commercial law bill mandating treasury share cancellation
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Finance
Third commercial law revision nears vote, expected on Feb 25 amid filibuster
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Finance
Treasury share cancellation mandate clears parliament legislation committee
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Finance
Jang Min-young takes office as IBK Industrial Bank chief after one month, facing twin tasks
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Games & Commerce
Neowiz unveils mid-to-long-term shareholder returns policy, to return 20 percent of operating profit annually