Ruton Begins Selection Process for IPO Underwriters, Aiming for Listing Next Year
Ruton Technologies is officially preparing for its initial public offering (IPO) by starting the selection process for underwriters.On September 2, Ruton announced that it has sent requests for proposals (RFPs) to major domestic securities firms for the selection of IPO underwriters. The company aims to go public next year and plans to finalize details related to the listing after selecting an underwriter this month.Recently, Ruton was recognized with a valuation exceeding 1 trillion won and sec
Shinhan Securities Raises Hana Financial Group's Target Price Amid Strong Earnings Outlook
Shinhan Investment Corp. announced on September 2 that it has raised its target price for Hana Financial Group from 150,000 won to 160,000 won, citing expectations for continued solid earnings in the second half of the year, improved capital ratios due to declining exchange rates, and an increase in shareholder returns. The firm maintained its 'buy' rating and recommended Hana as its top pick in the banking sector.Research analyst Eun Kyung-wan stated, "Hana Financial Group's net income attribut
Five Special Prosecutors Appointed to Investigate Election Commission Scandal
Five special prosecutor assistants have been appointed to investigate allegations surrounding the shortage of ballots during the June 3 local elections. According to the legal community on September 2, President Yoon Suk Yeol appointed Park Hyuk (22nd Judicial Research and Training Institute), Kim Eun-jung (38th), Kim Sang-cheon (first bar exam), Kwon Geun-hwan (second bar exam), and Kim Jin-woo (third bar exam) as special prosecutor assistants.Park Hyuk has served as a prosecutor at the Seoul a
Venice Film Festival Kicks Off Today with Lee Chang-dong's 'Possible Love' Competing for Golden Lion
The 83rd Venice International Film Festival opens today in Venice, Italy. This year, director Lee Chang-dong's new film 'Possible Love' is in the running for the prestigious Golden Lion.A total of 20 films have been invited to compete in the festival's feature film category. This marks the second consecutive year that a South Korean film has been nominated, following Park Chan-wook's 'Decision to Leave' last year. Notably, this is Lee Chang-dong's first entry into the Venice competition since hi
Consumer Prices Rise 3.1% in August; Living Costs Up 3.2%
According to the National Data Agency, the consumer price index for August rose to 120.05 (2020=100), marking a 3.1% increase compared to the same month last year.The living cost index, calculated based on 144 frequently purchased items that are sensitive to price changes, increased by 3.2% from August of the previous year.Meanwhile, the fresh produce index saw a significant decline of 6.7% year-on-year, attributed to an increase in the supply of agricultural, livestock, and fishery products. Le
Hana Securities Raises Lotte Rental's Target Price Following Shareholder Change
Hana Securities on September 2 projected that Lotte Rental's dividend payout ratio will increase following a change in major shareholders, raising its target price to 57,000 won. The investment recommendation remains a 'buy.'Analyst Ahn Do-hyun stated in a report that "Lotte Rental is not just a car rental company but also holds the largest vehicle data (for autonomous driving learning) in the country, making it a significant player. We believe it is time to reassess its new growth strategy and
YouTubers Grape Juice Se-yeon and K, Under Investigation for Drug Use
Popular YouTuber couple Grape Juice Se-yeon (real name In Se-yeon, 26) and K (real name Park Jung-kyu, 37) are reportedly under police investigation for allegedly using psychoactive drugs.According to Yonhap News on September 1, the Gangnam Police Station in Seoul has filed charges against In and Park, along with a third individual, for violating drug control laws as of July 30.Police stated that they are suspected of taking sleeping pills classified as psychoactive substances.Previously, Park a
Margin Trading Surges to 4.8 Trillion Won, Doubling Last Year's Total
◆Ajou Economic Major News▷Margin trading reaches 4.8 trillion won, doubling last year's total in just seven months.- According to data submitted by the office of Democratic Party lawmaker Kang Jun-hyun from the top 10 comprehensive financial investment firms (Korea Investment, Mirae Asset, NH Investment, Meritz, Samsung, KB, Shinhan Investment, Kiwoom, Hana, and Daishin Securities), the total amount of margin trading by individual investors from January to July
Stabbing in New York's Times Square Leaves Bank of America Executive Dead
On August 31, a random stabbing incident in New York's Times Square resulted in the death of a Bank of America executive.According to local media, the victim was identified as Erin Piacentini, 32, a vice president at Bank of America. Reuters reported that Piacentini was responsible for business selection and conflict of interest. The company expressed its shock and deep sorrow over the tragic loss of a colleague, extending condolences to her family and loved ones. Bank of America's Manhattan off
Nepal Search Team Reports No Progress in Finding Missing South Koreans
A government joint rapid response team dispatched to find nine South Koreans missing due to severe flooding in Nepal conducted a search with the Nepalese military on September 1 but has yet to find any significant traces of the individuals.According to Yonhap News, a representative from the rapid response team spoke with reporters at a hotel in Kathmandu, stating, "Today, we focused our search in the Dunche area, about 2 kilometers from the Weir Dam where one of the missing individuals worked, b