Korea Joongang Daily
Korea JoongAng Daily

Korean gov't launches $454 million fund for Korean movies, K-dramas, webtoons

The Korean government launched a $454 million investment fund to support Korean entertainment ventures.

2024-10-02

Controversy erupts over DP's cash handouts to refugees in Korea

The inclusion of refugees as beneficiaries in the liberal-backed "cash handout bill" passed on Aug. 2 has sparked criticism from conservatives, who accuse the legislation of wasting tax money on foreigners.

2024-08-06

Don’t let activist funds hamper growth

A binge over today’s profits may please shareholders for now, but it can translate into a doom for both the company and its stakeholders in the future.

2024-03-13

Five activist funds call for Samsung C&T to up shareholder value at general meeting

Five activist funds demanded Samsung C&T raise cash dividends and cancel treasury stocks. The company plans to put the requests up for a vote at an annual shareholders meeting on March 15, the company said in a regulatory filing.

2024-02-15

Gov't, banks to offer businesses $57B in financial support

The fund will provide low-interest loans and project financing in high-tech industries.

2024-02-15

Shinsegae E&C to raise $150M to address liquidity shortage concerns

The plan includes the issuance of 200 billion won in privately placed bonds. Of that, an external financial institution will acquire 140 billion won, while Shinsegae I&C, the group's IT division, will acquire 60 billion won, according to the FSS.

2024-01-19

Activist pressure sends Samsung C&T shares soaring

Shares of Samsung C&T have gained momentum, propelled by activist funds urging Korea's construction and fashion company to rectify a discount in its share price.

2023-12-14

Prosecutors raid Gyeonggi government in connection to Lee Jae-myung spending allegations

A former Gyeonggi government employee accused Lee and his wife of purchasing personal items such as shampoo and takeout sushi while Lee was governor of Gyeonggi.

2023-12-04

Experts say older people not nearly as poor as numbers suggest

Nearly four out of 10 people over the age of 65 in Korea were categorized as poor as of 2021. However, experts say this figure is misleadingly high since it fails to take into account their real wealth, including assets.

2023-09-29

Korea transfers Iran's frozen funds to third country

The Korean Foreign Ministry said the frozen Iranian fund was successfully transferred to Qatar after being converted into Euros in Switzerland. The unblocking of the funds was part of an exchange of captives between the U.S. and Iran.

2023-09-19