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News
KB Financial Picks Lee Jae-keun Over Sitting Chairman, Signaling Generational Shift in South Korean Finance — BigGo Finance
2+ hour, 22+ min ago (955+ words) KB Financial Group's Chairman Candidate Recommendation Committee has rejected a second term for incumbent Chairman Yang Jong-hee—despite record-breaking performance—and recommended Lee Jae-keun, head of the holding company's business divisions, as the final candidate for next chairman. This marks…...
South Korean Banks and Law Firms Race to Capture Inheritance Trust and Consulting Market Amid Surge in Family Disputes — BigGo Finance
2+ hour, 38+ min ago (550+ words) As inheritance disputes surge, South Korea's financial and legal sectors are racing to roll out related services. The country's five major commercial banks have launched or are preparing to debut more than ten new trust products this year alone, including…...
South Korea's OECD Leading Indicator Tops Global Rankings for First Time in 6 Years and 3 Months, Though Growth Pace Slows for 5th Straight Month — BigGo Finance
9+ hour, 25+ min ago (305+ words) South Korea's CLI fell to 99.14 in January of last year before rebounding in February and breaking above the 100 threshold in November last year at 100.12. It has now risen for 19 consecutive months. The climb in rankings has been steep. As recently…...
South Korea's Deputy PM Nominee Lee Hyung-il Faces 'Non-Resident Single Home' Controversy — Comprehensive Real Estate Tax and Expansionary Fiscal Policy Battles Expected at Confirmation Hearing — BigGo Finance
10+ hour, 55+ min ago (210+ words) Regarding this, Lee expressed the view that "establishing a residence-centered housing market is a firm principle with clear direction." Under the original plan announced on the 3rd of last month, next year's calculated tax would have reached ₩15.365 million. However, as the…...
Seoul Mayor Oh Se-hoon: Seoul Home Prices Rise for Record 86 Straight Weeks — Calls for Full Policy Overhaul — BigGo Finance
10+ hour, 53+ min ago (959+ words) Seoul Mayor Oh Se-hoon on the 13th called for a full-scale review of the government's real estate policy, noting that Seoul apartment prices have risen for 86 consecutive weeks, breaking the all-time record. He pointed out that the cumulative increase in Seoul…...
Yunjin Partners' DSK Acquisition Falls Through Again — 15.7 Billion Won Deposit at Risk of Forfeiture — BigGo Finance
18+ hour, 55+ min ago (408+ words) Private equity firm Yunjin Partners' acquisition of KOSDAQ-listed DSK has been stalled for over a year. The 66.6 billion won balance payment scheduled for the 9th fell through once again, and this time no extension agreement was reached with the seller, putting…...
SanDisk Launches Aggressive Hiring of Korean Engineers, Igniting NAND Talent War — BigGo Finance
14+ hour, 15+ min ago (401+ words) U.S. memory semiconductor company SanDisk has begun recruiting NAND flash engineers in South Korea. Given that its Korean subsidiary has historically focused on sales and marketing, this represents an unusual strategic shift—one that signals global semiconductor companies are expanding their…...
Samsung Electronics Opens Fall Semester Enrollment for Galaxy AI Experience Classes Targeting South Korean Elementary and Middle Schoolers — BigGo Finance
5+ hour, 53+ min ago (233+ words) Samsung Electronics (005930.KS) is recruiting classes for the fall semester of its AI experience education program, which uses Galaxy devices to teach upper elementary and middle school students in South Korea. Applications open on the 14th via Samsung.com. The program…...
South Korea's LG Uplus Ramps Up AI-Powered Blocking of 'Zombie Phone' Malware Ahead of Chuseok — BigGo Finance
11+ hour, 23+ min ago (679+ words) South Korea's LG Uplus is launching a 24-hour special response operation centered on its AI-based customer harm prevention analysis system (Secure.AI+) ahead of the Chuseok holiday. The company will operate a dedicated monitoring team at its Magok office through…...
South Korea Sees Record 1,600 Minors Reporting High Financial Income; One-Year-Olds Averaged approximately $29,000 in Dividends — BigGo Finance
10+ hour, 14+ min ago (445+ words) In 2024, 1,606 South Korean minors filed comprehensive income tax returns after their financial income—interest and dividends—exceeded 20 million won (approximately $15,000) annually. The figure includes five one-year-old infants, who reported an average financial income of 39.4 million won (approximately $29,000) each. Total reported…...