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Fri, December 3, 2021 | 15:16

AMCHAM and ruling party presidential candidate meet to discuss support for foreign investments

The American Chamber of Commerce in Korea (AMCHAM) hosted a special meeting with the ruling Democratic Party of Korea (DPK) presidential candidate, Lee Jae-myung, Thursday, at the Conrad Hotel Seoul, it said in a statement, Friday.

Lee Kyung-min | 2021-12-03 14:59

KB set to extend terms of non-banking leaders

KB Financial Group is set to extend the terms of its CEOs at key non-banking affiliates during the year-end reshuffle of top management, for their contribution to the group's stable earnings growth despite pandemic uncertainties.

Lee Min-hyung | 2021-12-03 14:59

Woori union denies plans to participate in management

Woori Financial Group's employee stock ownership association will not seek to take part in management, but focus instead on boosting the firm's stock valuation after becoming its largest shareholder, industry officials said Thursday.

Lee Min-hyung | 2021-12-03 08:50

Skepticism grows over HYBE shares

Shares of HYBE, which owns the entertainment company that manages K-pop sensation BTS, have been dropping for over two weeks now. The stock has continued to slip after rising to an all-time high of 421,500 won ($357) during intra-day trading as well as the highest closing price of 414,000 won on Nov. 17.

Anna J. Park | 2021-12-02 16:25

Younger CEO to lead KB Kookmin Bank

KB Financial Group recommended Lee Jae-keun, senior executive vice president at KB Kookmin Bank, as the next leader of the lender, KB's CEO recommendation committee said Wednesday. Starting from January 2022, Lee is scheduled to start his two-year term after receiving approval from the lender's shareholders.

Lee Min-hyung | 2021-12-01 16:25

Companies become conservative in their IPO valuations

As the country's benchmark KOSPI hovers below 3,000 points, more than a 10-percent fall from its highest level this year, companies with imminent public offerings this month and next are lowering their corporate valuations, a cautious move to win over investors.

Anna J. Park | 2021-12-01 16:13

Tottenham Hotspur's Son Heung-min, Cho So-hyun join as AIA ambassadors

AIA Korea has appointed Tottenham Hotspur forward Son Heung-min and midfielder Cho So-hyun to boost longstanding partnerships with the professional football club.

2021-12-01 14:26

LG Energy Solution gets preliminary approval for listing in S. Korea

Korean battery maker LG Energy Solution Ltd. has received preliminary approval for listing on the country's main stock market, the main bourse operator said Tuesday, taking one step closer to its much-anticipated market debut.

2021-11-30 20:41

More money moving into safer assets

The ample market liquidity, created as a firewall against the COVID-19 pandemic, is flowing into safe assets including bank deposit accounts, as a variant of the virus that is potentially resistant to current vaccines is denting appetite for risk amid interest rate hikes by central banks.

Lee Min-hyung | 2021-11-30 17:01

Omicron fears rout stock market

Omicron fears weigh on 2021 IPO plans

Little is known about the Omicron variant of COVID-19 other than the fact that South Africa may be at the epicenter of the recent increase in cases of this strain of the coronavirus. No major announcements have yet been made regarding lockdowns or factory shutdowns.

Anna J. Park | 2021-11-29 15:07

Stocks extend losses on escalating Omicron fear

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