...ctions over the spread of COVID-19. In Seoul, most large-cap shares traded lower, with bio and insurance hit hard. Top-cap Samsung Electronics fell 0.61 percent to 65,700 won, and major battery make...13 percent to 393,500 won. Pharmaceutical giant Celltrion sank 1.82 percent to 162,000 won, and Samsung Biologics remained unchanged at 798,000 won. Samsung Life lost 0.47 percent to 63,500 won and ...

...on won in sales failed to make it to the top 500 as large businesses’ revenue jumped last year. Samsung Electronics and Hyundai Motor kept the top spots with sales of 279.6 trillion won and 117.6 tri... steps to No. 9, respectively. Among the 39 companies pushed out of the list were Doosan, Orange Life Insurance and Incheon International Airport. In 2020, Namyang Dairy came 500th with sales of 948...

Five South Korean lobby groups on Monday called for a presidential pardon to be issued to Samsung Vice Chairman Lee Jae-yong, the de facto leader of the family-owned electronics giant, with businesse...esign. Lee now controls 18.1 percent of voting rights in the merged entity, currently on top of Samsung Group’s governance structure. Samsung C&T is the parent of Samsung Life Insurance, the largest ...

Financial affiliates of South Korean conglomerate Samsung Group on Thursday launched an integrated financial service app that offers various financial plans spanning insurance to financial investment. The new Samsung app, Monimo, offers services from four Samsung financial affiliates, such as Samsung Life Insurance Co., Samsung Fire & Marine Insurance, and Samsung Card Co. The app enables Samsu...

Financial affiliates of Samsung Group, South Korea's top conglomerate, on Tuesday said they will launch a new integrated brand and unified platform to secure a larger pool of customers from the MZ ge...ation. Named Monimo, the single platform, which will house five financial affiliates, including Samsung Life Insurance Co. and Samsung Securities Co., will provide various services. The platform wil...

...drag down the index. Key battery maker LG Energy Solution sank 3.30 percent to 425,000 won, and Samsung SDI fell 2.66 percent to 585,000 won. Major chipmaker SK hynix lost 0.45 percent to 111,500 wo...on expectations for high interest rates. KB Financial Group surged 2.41 percent 59,600 won, and Samsung Life advanced 1.86 percent to 65,700 won. Auto shares also grew on bargain hunting. Top automa...

...ith tech and chemicals leading the overall market falls due to profit-taking. Market bellwether Samsung Electronics fell 1.01 percent to a 16-month low of 68,500 won, and major chipmaker SK hynix san... won. But insurers gathered ground on hope for better earnings aided by envisioned rate hikes. Samsung Life rose 0.92 percent to 65,600 won, and DB Insurance jumped 4.18 percent to 72,300 won. The ...

...ad of the Financial Supervisory Service (FSS), made the call in a meeting with top officials of insurance firms in Seoul and voiced worries that there are signs for a "perfect storm," citing the US's ...1 thanks to a fall in loss rates amid the pandemic and massive dividend payout by top tech giant Samsung Electronics Co., the FSS earlier said. Their combined net profit came to 8.27 trillion won ($6...

Samsung Electronics will hold an annual meeting of shareholders on Wednesday, amid complaints growing over performance issues of its latest Galaxy phones and falling stock prices that failed to refle...ich compares to 21.15 percent stakes in favor of the management, including 8.75 percent owned by Samsung Life Insurance, the largest shareholder. Other key shareholders with more than 5 percent stake...

Samsung Fire & Marine Insurance Co. said Monday its earnings soared more than 42 percent in 2021 from a year earlier on the car insurance division's switch to profit. Net income came to 1.09 trillion won ($910 million) last year, up 42.5 percent from a year earlier, the leading non-life insurer said in a regulatory filing. Operating income stood at 1.55 trillion won, up 36.9 percent from a year...

Samsung Fire & Marine Insurance Co., South Korea's top non-life insurer, said Wednesday it will cut its auto insurance premiums by an average 1.2 percent in April on falling loss rates. It will mark...aring deficits. Samsung Fire & Marine Insurance, the non-life insurance arm of top conglomerate Samsung Group, said it has made the decision as its auto insurance loss rate improved thanks to fewer c...

...es, in 2020, according to industry data. Employees at state-run banks received slightly less, earning an annual salary of an average 65 million won in the cited period. For insurers, conglomerate Samsung’s key insurance arms Samsung Life and Samsung Fire & Marine Insurance have already handed out employees 17 percent and 36 percent of their annual salaries as bonuses, sources said. Meritz Fire & Marine Insuranc...

...er 34 million new shares in the band of between 257,000 won and 300,000 won apiece. The company seeks to raise as much as 12.75 trillion won via the IPO. It would be more than double the value of Samsung Life Insurance's IPO in 2010, which raised 4.89 trillion won, marking the biggest-ever debut on the main KOSPI market. Based on its proposed IPO price, the company's market cap could reach between 60.1...

...n Air announced its plans to sell its idle property in Seoul and non-core assets amid growing uncertainties in the pandemic-hit airline industry. Korean Air purchased the Songhyeon-dong site from Samsung Life Insurance Co. in 2009 and planned to develop a cultural complex. But the development project faced multiple hurdles, such as building height restrictions and cultural asset preservation rules, as ...

Kyobo Life Insurance, one of South Korea's leading life insurers, said Monday that it has requested a reinvestigation into and punishment of some accountants of Deloitte Anjin accused of conspiring t...f the International Financial Reporting Standard 17 (IFRS17) in 2023, a new accounting rule for insurance products. It will also pave the way for Kyobo, the nation's No. 3 life insurer after Samsung ...