South Korea's largest conglomerate, Samsung Group, on Wednesday marked the 85th anniversary of its founding in a low-key manner. It is the first year that the big day has been celebrated following de...gy powerhouse and laid the foundation for the country’s rapid economic development. As a result, Samsung has 60 affiliates under its wing, including Samsung Electronics, Samsung Life Insurance, Samsun...

...t SPC Group said Monday it has appointed Ha Joo-ho, former communications director of Hotel Shilla, as its new communications chief. Ha is a communications veteran who spent most of his career at Samsung companies. The 59-year-old graduated from Seoul National University with a degree in journalism. After joining Samsung Life Insurance in 1989, he served in diverse communications positions at Samsung’s key affiliates, including Samsung Group. He was promoted to executive vice president of Hotel Shilla, the luxury...

...nagement firm BlackRock has become the third-largest shareholder of South Korean brokerage house Samsung Securities, a filing showed Thursday. BlackRock’s 12 affiliated entities hold a total of 5.46 ...mpany is subject to filing obligations as a block holder of the company, under the current law. Samsung Life Insurance is the largest shareholder of Samsung Securities with a 29.62 percent share, fol...

...utical giant Celltrion climbed 4.8 percent to 150,600 won. Top-cap Samsung Electronics lost 0.49 percent to 60,500 won. KB Financial, the biggest banking group by market cap, declined 1.19 percent to 50,000 won. Top life insurer Samsung Life Insurance also slid 0.74 percent to 66,900 won. The local currency ended at 1,301.60 won against the US dollar, up 14.0 won from Thursday's close. (Yonhap)

...ltiple hats to run the world’s third largest pension fund. With a career path that wound through life insurance companies and a pension fund for government employees, Seo is well positioned to lead t...perience that aids him in dealing with international markets. He started his financial career at Samsung Life Insurance in 1988 and was the head of the insurer’s New York and Singapore offices. Seo wa...

...ey divided by age group. The results of another survey, conducted among 2,096 employees by Hanwha Life Insurance, showed that 30,000 won was thought to be suitable for elementary school students, foll... charging services for mobile cards and barcodes at convenience stores are gaining popularity. A Samsung Securities survey also revealed that 6 in 10 teens prefer investing their sebae money in stocks...

... the largest battery maker here, will extend its medical welfare policy by offering free health insurance to some 2,000 employees working at its Michigan plant along with their family members. Current...tech talent in the US. For some 2,000 workers, it pays 90 percent of medical, dental and vision insurance and offers full coverage for life insurance and short- or long-term disability. Wages start fr...

...e present time. This means the maximum amount of an asset an insurer is eligible to own could change over time as the investment target's market value goes up. In case the bill passes parliament, Samsung Electronics shares worth over 21 trillion won ($15 billion) should be floated on the stock market. Samsung Life Insurance, with over 314 trillion won in total assets as of September, has been forced to offload shares of Samsung Electronics if its holdings are in excess of 9 trillion won. Samsung is n...

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Lee Jae-yong’s formal ascension to the top seat at Samsung Electronics, the crown jewel of the nation’s largest conglomerate, is fueling speculation about potential changes in the founding family’s g... the group. Lee alone owns a 17.97 percent stake in the company, being the largest shareholder. Samsung C&T owns a 19.34 percent stake in Samsung life Insurance, which is the largest shareholder of S...

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Samsung Electronics Vice Chairman Lee Jae-yong has been promoted to chairman of the world's largest chipmaker and smartphone maker, ending a high-profile succession process that took more than three ...percent voting rights in Samsung Electronics, but he holds stronger sway over the tech giant, as Samsung C&T, its de facto holding company, holds a 5.01 percent stake. Samsung Life Insurance, in which...

A memorial service honoring the late Samsung Electronics Chairman Lee Kun-hee was held Tuesday, without a major announcement made by the electronics giant in regards to a succession plan for his son ...ational Skating Union President Kim Jae-youl. Also attending the anniversary were executives of Samsung, including Samsung Electronics Vice Chairman Han Jong-hee, Samsung Life Insurance Chief Executi...

...olonial period, the space was used for housing for employees of the Joseon Shiksan Bank. From liberation in 1945 to 1997, it was a housing compound for US diplomats. After the diplomats moved out, Samsung Life Insurance bought the land and then sold it to Korean Air, who planned to develop it into a luxury hotel. As opposition to those plans grew, the City of Seoul began negotiations to turn the space in...

Samsung Group’s insurance units signed a deal worth $650 million with US-based private equity firm Blackstone to expand its global alternative asset portfolio, the Korean insurers said Wednesday. Samsung Life Insurance and non-life insurer Samsung Fire & Marine Insurance will invest in overseas real estate, infrastructure and private equities managed by Blackstone through the latest deal. The in...