Author: Seoul Reporter

HLB emblem (Picture courtesy of HLB) HLB introduced on Oct. 3, that it has secured a strategic funding of $145 million from LMR Companions, a UK-based international asset administration agency. The corporate defined that this inflow of funds from an abroad asset administration agency, forward of the reapplication for liver most cancers drug approval and new drug utility for bile duct most cancers, indicators the start of full-scale cooperation with international capital. The funding is made by LMR Companions in US {dollars} to the HLB Group. It features a $140 million bond with warrant (BW) for…

Overseas funding banks that when stored Korean equities at arm’s size at the moment are scrambling to catch up as South Korea’s benchmark Kospi inventory index surged previous 4,200, setting a brand new document excessive and rating as the best-performing main inventory index of the yr.Driving the shift is a mixture of easing US tariff threat, ongoing optimism over synthetic intelligence and a world reappraisal of Korea’s industrial and tech champions.In an indication of the altering temper, a number of main world banks just lately upgraded their outlooks on Korean shares, fueling expectations that extra international traders may comply with…

Kim Ji-hoon, an workplace employee in his 40s, grew his 300 million received ($220,000) funding into 1.5 billion received over 5 years. Now financially unbiased, he earns a steady post-retirement earnings of about 4 million received monthly — sufficient, he says, to reside comfortably and journey after leaving his job. Kim shared his funding strategy within the ebook “Retire with Simply 3 U.S. ETFs,” which has bought over 30,000 copies since its launch in March, turning into one of many yr’s most talked-about monetary titles. Trade traded funds (ETFs) are funding funds that personal monetary belongings like shares, bonds and…

Michael O’Leary, chief govt officer of Ryanair Holdings Plc, throughout a information convention in London, UK, on Wednesday, Aug. 27, 2025.Bloomberg | Bloomberg | Getty PhotosRyanair chief govt Michael O’Leary on Monday admonished the U.Okay. authorities over its push to lift taxes on passenger flights, warning that the coverage will see airways transfer planes overseas.Talking to CNBC’s “Europe Early Version” after reporting a vital upswing in first-half revenue, the outspoken CEO described the Labour authorities’s push to lift air journey taxes as counter to its technique of kickstarting financial progress.His feedback come forward of the U.Okay. authorities’s high-stakes Autumn Funds…

Samsung SDI showcases its superior LFP battery in 2024 (Courtesy of Samsung SDI) Samsung SDI Co. is ready to clinch its first large-scale battery provide settlement with Tesla Inc., a deal for vitality storage techniques (ESS) estimated at over 3 trillion gained ($2.1 billion), based on individuals with information of the matter on Monday.The landmark deal underscores Tesla’s shift away from China’s Up to date Amperex Know-how (CATL), the world’s largest battery producer, towards South Korean suppliers with US manufacturing bases following US tariff hikes on Chinese language batteries.To satisfy surging demand for ESS, used to retailer renewable vitality powering…

Chinese language President Xi Jinping (left) and South Korean President Lee Jae Myung shake palms earlier than their summit on the Gyeongju Nationwide Museum on the sidelines of the APEC summit in Gyeongju, South Korea, on Nov. 1, 2025. (Yonhap) Final week’s Asia-Pacific Financial Cooperation summit, held simply 4 months after Lee Jae Myung turned president of Korea, went surprisingly easily.Regardless of operating a gauntlet of diplomatic challenges, Lee managed to make good progress on every one. He reached a deal in tariff talks with the US, although the end result of these talks had remained unsure till the final…

IE 11 will not be supported. For an optimum expertise go to our web site on one other browser.Now EnjoyingKey elections to observe from New York’s mayoral race to California redistricting03:33UP NEXTTrump Defends ICE Raids; Threatens Navy Motion in Nigeria02:18Trump Administration Faces Deadline to Comply With SNAP Ruling02:21Pete Hegseth visits DMZ forward of talks on U.S. troops in South Korea00:46Graham Platner says controversies have ‘strengthened’ his Maine Senate marketing campaign01:52Trump: Immigration enforcement raids ‘have not gone far sufficient’00:41Sid Davis, Radio Reporter Throughout JFK Assassination, Dies at 9702:11Steve Kornacki: Most voters blame Republicans for shutdown in new NBC Information ballot04:24Gavin Newsom…

Prosecutors on Monday indicted 15 individuals and entities, 4 beneath arrest, on prices of stealing and leaking core state-protected know-how associated to electrical automobile (EV) batteries developed by Samsung SDI to international firms, officers stated.The Suwon District Prosecutors Workplace stated the 4, together with the pinnacle of an organization accused of orchestrating the leak, have been indicted with bodily detention on prices of violating the commercial know-how safety act, the unfair competitors prevention act and others.Eleven others have been additionally indicted with out bodily detention, together with a former Samsung SDI worker and two KOSDAQ-listed company entities.The suspects are accused…

Korea’s prime telecom corporations — SK Telecom, KT and LG Uplus — are going through management turbulence following a sequence of large hacking incidents, prompting administration reshuffles and intensified scrutiny over govt accountability.SK Telecom took the primary decisive motion on Thursday, appointing Chief Governance Officer Jung Jai-hun as the brand new CEO, changing Ryu Younger-sang, who had served since 2021.The corporate’s management change accompanied the discharge of its third-quarter earnings, which revealed its first-ever working loss since quarterly reporting started in 2000. It reported an working lack of 52.2 billion gained ($36.5 million), with income sliding 16.8 p.c year-on-year to…

Synthetic intelligence big Nvidia’s most superior chips shall be reserved for U.S. corporations and saved out of China and different nations, U.S. President Donald Trump stated.Throughout a taped interview that aired on Sunday on CBS’ “60 Minutes” program and in feedback to reporters aboard Air Pressure One, Trump stated solely U.S. prospects ought to have entry to the top-end Blackwell chips supplied by Nvidia, the world’s most beneficial firm by market capitalization.”Probably the most superior, we is not going to let anyone have them aside from the USA,” he advised CBS, echoing remarks made earlier to reporters as he returned…