Korea's big 4 conglomerates donate W7b following heavy rain damage

, Samsung C&T, Samsung Life Insurance and Samsung Heavy Industries. The group will also provide 1,000 emergency relief kits and 300 temporary shelters. The donation will support local communities affected by

Samsung's W110tr shareholder return disappoints investors

, according to the Korea Exchange. Its preferred shares fell 8.55 percent. The chipmaker's plunge sent other Samsung Group affiliates reeling. Samsung C&T fell 7.84 percent, while Samsung Life Insurance dropped

Dividends or buybacks: Samsung, SK hynix divide on AI windfall

Record return plans reflect different ownership structures as chipmakers seek lasting stock gains Samsung Electronics and SK hynix have unveiled their largest-ever shareholder return programs, moving

Korea Investment to widen footprint with KDB deal

Cardif Life Insurance, Lotte Insurance and YeByeol Non-life Insurance. With the acquisition of a life insurer, the financial group aims to reduce its reliance on its brokerage business and diversify its

Samsung insurers earn W3.27tr, but growth paths diverge

Samsung Life Insurance and Samsung Fire & Marine Insurance earned a combined 3.27 trillion won ($2.3 billion) in the first half, with both posting double-digit profit growth despite sharply different

Three bidders submit final offers for KDB Life

to sell the insurer. The three companies submitted their final offers by the 3 p.m. deadline, according to financial industry sources. Samsung Life Insurance, previously considered one of the strongest

Kospi jumps 18% to post record daily gain

, Samsung Life Insurance 17.99 percent and Hyundai Motor 10.54 percent. Biopharma stocks bucked the broader advance, with Samsung Biologics and Celltrion falling 2.75 percent and 2.74 percent, respectively

Financial groups reignite race for insurance deals

affordable acquisition in the mature life insurance market. The renewed interest also follows Samsung Life's pledge in May to pursue new insurance and asset management acquisitions using its excess capital

Genewel showcases Welpass to Indonesian partner Pyridam Farma

Genewel, the life sciences arm of Dongsung Chemical, said Tuesday it hosted a product presentation and surgery observation session for Indonesian pharmaceutical company Pyridam Farma to showcase its

Samsung financial affiliates top W100tr in capital for first time

at Hanwha Life Insurance, while Hyundai Motor's ratio slipped 1.4 percentage points, as asset growth at Hyundai Capital's US business weighed on capital calculations. The FSS said the impact of Hyundai