KB News DeskHanwha promotes chairman’s three sons in leadership reshuffle
Conglomerate also names new chief executives for five affiliates, including Hanwha Aerospace and Hanwha Systems. Hanwha Group on Thursday promoted Kim Dong-kwan to executive vice chairman as the South Korean…
Seoul shares again dip over 1% after 2-day deep rout amid AI spending concerns
Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks following deep declines over the previous two sessions amid concerns over artificial intelligence spending…
Mirae Asset's global ETF assets top W678tr
Mirae Asset Global Investments’ assets under management surpassed 678 trillion won ($471 billion), driven by strong inflows into its exchange-traded funds and growth across pensions and alternative investments. The milestone…
Won hits five-month high as Kospi remains volatile
Kospi rebound fizzles despite Samsung Electronics’ record Q2 earnings The South Korean won strengthened to its strongest intraday level in about five months Thursday, reaching the 1,430 range even as…
Hyundai chief visits Brazil as automaker steps up SUV, EV push
Hyundai Motor Group plans to expand its SUV lineup, pursue local production of electric vehicles and strengthen research and development in Brazil as Chinese automakers rapidly gain ground in Latin…
Samsung’s AI boom lifts chips, tests foundry and mobile units
Tech giant looks to foundry recovery and premium mobile strategy to sustain AI momentum Samsung Electronics’ semiconductor business delivered its strongest-ever second-quarter performance, fueled by booming demand for artificial intelligence…
Samsung SDI posts first profit in seven quarters
Samsung SDI reported an operating profit for the second quarter, its first in seven quarters, and the figure far exceeded market expectations. Operating profit was 203.8 billion won ($141.6 million),…
Daewoong's botulinum toxin Nabota enters Kuwait
Latest rollout is 7th market in Middle East for any Korean botulinum toxin producer Daewoong Pharmaceutical’s botulinum toxin brand Nabota has entered Kuwait, expanding its presence to seven Middle Eastern…
Samsung Electro-Mechanics profit doubles on AI server parts demand
Samsung Electro-Mechanics reported its highest quarterly revenue on record for the April-June period, with sales of multilayer ceramic capacitors for AI servers and high-end semiconductor package substrates driving both growth…
Financial authorities eye cap on single-stock leveraged ETFs in individual portfolios
South Korea’s financial authorities said Wednesday they are considering imposing a cap on the proportion of single-stock leveraged exchange-traded funds in individual investment portfolios as part of efforts to curb…
