Author: Seoul Reporter

[ad_1] EQT manages 269 billion euros in belongings through 50 lively funds as of December 2024 Sweden’s EQT Companions, one in every of Europe’s largest non-public fairness companies, has launched the sale of Acuon Capital Corp. and Acuon Financial savings Financial institution Co., in what might turn into one of many largest financial-sector M&A offers in South Korea.If profitable, the transaction would mark EQT’s exit from the Korean client finance house six years after it bought the 2 smaller monetary companies.The mixed sale, which might fetch some 1 trillion gained ($690 million), is drawing curiosity from each home monetary teams…

[ad_1] A former head of the Nationwide Instructional Fee (NEC) appeared earlier than a particular counsel workforce Thursday to be questioned about bribery allegations involving former first woman Kim Keon Hee.Particular counsel Min Joong-ki’s workforce has been investigating allegations that former NEC Chairperson Lee Bae-yong was appointed to the submit after gifting a golden turtle decoration to Kim.The bribery allegations surfaced after a particular probe workforce searched the house of former first woman Kim’s mom in reference to an actual property growth scandal and found the golden turtle weighing 10 don (37.5 grams) together with a letter Lee had written…

[ad_1] Monetary leaders from Switzerland visited Toss Financial institution’s headquarters in Seoul to be taught concerning the improvements and achievements of Korea’s internet-only banks, Toss Financial institution stated Thursday.The web-only lender stated the Swiss delegation, consisting of 18 members, was welcomed by Toss Financial institution workers, together with CEO Rhee Eun-mi, Wednesday. Composed of C-level executives from main Swiss cantonal banks, the group represents key leaders within the nation’s monetary ecosystem. Switzerland has 26 cantonal banks, every established by its respective cantonal authorities to help the native economic system and monetary infrastructure.Their go to to Toss Financial institution was organized…

[ad_1] Kospi enters uncharted territory, powered by Samsung, SK Hynix, different blue chips The Kospi inventory index closes up 2.5% at a recent file excessive of three,941.59 on Oct. 24, 2025, led by Samsung Electronics and SK Hynix, whose mixed market cap surpasses 1,000 trillion gained South Korea’s benchmark inventory index Kospi climbed above 3,900 factors to a recent file excessive on Friday, [ad_2]

[ad_1] Revealed: 06 Nov. 2025, 16:59 Boy band Newbeat [BEAT INTERACTIVE]   Newbeat has signed with Chinese language leisure firm Fashionable Sky for its upcoming music and actions in China, the boy band’s Korean company Beat Interactive stated Thursday.   Fashionable Sky is certainly one of China’s largest expertise businesses, managing some 160 artists and releasing over 600 albums. It focuses on music, publication and exhibits, notably the Strawberry Music Competition and MDSK Music Competition.   Extra data on future initiatives in China shall be introduced later.   Newbeat debuted in March and has rolled out singles “Jello,” “Hiccups” and…

[ad_1] Nationwide Meeting Speaker Woo Gained-shik met with Indonesian Ambassador to Korea Cecep Herawan on the Nationwide Meeting on Wednesday to debate methods to strengthen bilateral cooperation.Woo welcomed the latest progress in Seoul–Jakarta relations, noting that the 2 leaders held their first bilateral summit since taking workplace final week in Gyeongju. “I’m happy that each nations agreed to deepen cooperation,” Woo stated. “Subsequent week, the MIKTA Audio system’ Session can be held in Seoul, and I stay up for welcoming Home Speaker Puan Maharani.”He highlighted that greater than 2,300 Korean corporations are working in Indonesia, contributing considerably to job creation…

[ad_1] BERLIN — Dozens of automobiles, mailboxes and home partitions have been painted with purple swastikas, believed to be utilizing human blood, on Wednesday within the western German metropolis of Hanau.The general public show of Nazi symbols is illegitimate in Germany and a police investigation was underway on Thursday. [ad_2]

[ad_1] Joint Chiefs of Workers (JCS) Chairman Gen. Jin Yong-sung has ordered a full substitute of generals on the prime army management as a part of personnel reform following final yr’s martial legislation turmoil, sources stated Thursday.In response to the sources, Jin has ordered the substitute of all generals on the JCS, in addition to lieutenant colonels and colonels who’ve served on the group for 2 years or longer.”The measure is a part of personnel reform within the aftermath of the martial legislation (try),” a army official stated.Below the order, round 40 generals presently affiliated with the JCS are anticipated…

[ad_1] CCTV footage from the presidential workplace on the night time of Dec. 3, 2024, when Yoon Suk-yeol declared martial regulation, is proven on a monitor in a courtroom in the course of the trial of Han Duck-soo, Yoon’s former prime minister, on expenses of aiding and abetting an rebellion on Oct. 13, 2025. (courtesy of the Seoul Central District Court docket) By Hannes Mosler, professor of Korean politics and society on the College of Duisburg-EssenFormer President Yoon Suk-yeol’s unlawful declaration of martial regulation final Dec. 3 was the apotheosis of the authoritarian type of rule he had constructed beneath…

[ad_1] Mobility startups valued at a whole bunch of billions of gained may face challenges in going public, as a proposed invoice seeks to fully ban electrical scooters — the core of their shared transportation enterprise, business officers stated Thursday.The invoice, proposed by Rep. Kim So-hee of the principle opposition Individuals Energy Get together (PPP), goals to take away electrical scooters from the legally acknowledged listing of private mobility units and prohibit their operation completely.The proposal, submitted on Oct. 31, comes amid a surge in accidents involving electrical scooters. In keeping with knowledge from the Korea Street Site visitors Authority,…