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Reporter : Kim Yoo-chul
Mon, February 6, 2023 | 22:51
Korea to establish cryptocurrency policy review bureau
A day after the country's Financial Service Commission (FSC) chief nominee said he doesn't see cryptocurrencies as a financial asset, the FSC said Thursday it will establish an independent bureau to further strengthen the supervision of virtual assets, operators and to closely detect possible money laundering.
Samsung to invest $205 bil. in bio, foundry, memory businesses
A few days after Justice Minister Park Beom-kye said his ministry's decision to parole Samsung leader Lee Jae-yong was due to concerns related to the “national economic situation and the global economic environment,” Samsung said it will massively invest into businesses designated as “nationally important.” On Tuesday, Samsung said it plans to invest up to 240 trillion won ($...
GM's expanded recall plan hit LG stocks
Shares of LG Chem, LG Electronics and LG Corp. dropped aggressively on Monday amid concerns about the grave financial impact on the group's top three affiliates from General Motors' expanded recall plan.
Korea urged to better protect key technologies
There have been growing calls for Korea to take a more detailed regulatory approach to preventing illicit transfer of core technologies involving semiconductors, electric vehicle batteries and displays, which are being considered key technologies of national importance.
Samsung second-guessing potential NXP acquisition
Samsung leader Lee Jae-yong's freedom from prison is helping the company prepare for its next chapter. His release is putting pressure on corporate leadership to possibly use its huge cash reserves to make timely and splashy investments.
Samsung decides to exit vehicle business
A few days after the release of Samsung Electronics Vice Chairman Lee Jae-yong from prison on parole, Samsung decided to end its 26-year auto venture with Renault.
Gov't, Samsung in talks with Moderna for faster vaccine supply
Korean health ministry officials are teaming up with representatives at Samsung Biologics for advanced discussions with Moderna for speeding up the COVID-19 vaccine supply here, two sources directly involved with the issue told The Korea Times, Wednesday.
Samsung urged to rebuild shipbuilding business
After being paroled from prison, Samsung leader Lee Jae-yong should be able to move forward on a lot of sizable investment and M&A projects, which are seen as “major decisions” that require Lee's signoff. The Samsung vice chairman is the group owner.
NH NongHyup Bank opens first London office
NH NongHyup Bank, one of the country's leading banks, has opened its first office in London, the bank said Thursday.
KT confirms Kbank's IPO in 2023
KT, the country's dominant fixed line operator, said Tuesday that it is planning for affiliate Kbank's initial public offering (IPO) in 2023, and added that the IPO plans of its other affiliates have also been scheduled.