SBI Savings Bank Sells Out Special 4.1% Time Deposit in Just Five Business Days
SBI Savings Bank has sold out its special time deposit product, launched to celebrate its fifth consecutive year of achieving an A credit rating, within just five business days. The bank announced on the 5th that the entire limit of 300 billion won for the special time deposit, which went on sale on July 29, has been exhausted. This special offer was created to commemorate SBI Savings Bank receiving an A credit rating from Korea Ratings and NICE Investors Service for five consecutive years. T
Tesla Dominates Market as July Imports Reach 30,976 Vehicles
More than 30,000 imported cars were sold in South Korea last month, demonstrating continued growth in the market. Tesla surpassed 10,000 monthly sales, maintaining its position as the top seller in the import car sector.According to the Korea Automobile Importers Association (KAIDA), the number of new registrations for imported passenger cars in July reached 30,976, a 14.3% increase compared to the same month last year. However, this figure represents an 18.6% decrease from the previous month (3
Han Byeong-do: Tax Reform Plan Aims to Protect Actual Owners and Normalize Tax Structure
Han Byeong-do, the acting leader of the Democratic Party, addressed concerns raised on August 3 regarding the government's recently announced tax reform plan, which some critics labeled as an 'artificial housing price control policy.' He clarified that the plan is a process to protect actual owners and correct a distorted tax structure.During a Supreme Council meeting on August 5, Han explained, 'This tax reform plan aims to protect single-homeowners while normalizing the tax situation for high-
NH Nonghyup Bank Creates Remote Work Opportunities for Severely Disabled Individuals
NH Nonghyup Bank is launching remote work opportunities to support emotional care for elderly individuals living alone in rural areas.On August 5, NH Nonghyup Bank announced the establishment of a dedicated team within its Customer Happiness Center to provide telephone companionship services, hiring temporary workers with severe disabilities.The hired workers will engage in regular conversations with elderly individuals who request the telephone companionship service.This hiring initiative is de
Alteogen Shares Rise 6% Following $365 Million Licensing Agreement
Alteogen's shares have surged 6% following the announcement of a licensing agreement worth 520 billion won.According to the Korea Exchange, as of 9:47 a.m., Alteogen's stock was trading at 283,000 won, up 16,000 won (5.99%) from the previous trading day.On this day, Alteogen disclosed in a pre-market announcement regarding significant management matters that it has entered into an exclusive licensing agreement for its recombinant human hyaluronidase product, ALT-B4.The agreement involves the dev
KakaoBank Reports Record Earnings of 140.8 Billion Won in Q2
카카오뱅크 has achieved its highest-ever performance in the first half of this year, driven by an increase in personal business loans and growth in its platform services.On August 5, KakaoBank announced that its net profit for the second quarter reached 140.8 billion won, an 11.5% increase compared to the same period last year. For the first half, net profit rose 24.4% year-on-year to 328 billion won, marking the highest half-year performance to date.Interest income from loans in the first half
Pathos AI Acquires $1.25 Billion License for Dual-Target ADC from Chinese Firm
Pathos AI, a U.S.-based AI-driven biotech company, has purchased a license for next-generation cancer platform technology from a Chinese biotech firm.On August 5, Chinese company Kangning Jierui announced that it has signed a licensing agreement to transfer overseas development and commercialization rights for its proprietary TROP2/HER3 dual-specificity antibody-drug conjugate (ADC) candidate, JSKN016, to Pathos AI.Under the agreement, Kangning Jierui will receive a non-refundable upfront paymen
Inje County Expands Disaster Insurance Enrollment Amid Heat Wave Response
Inje County, Gangwon Province, is intensifying efforts to expand enrollment in disaster insurance for natural calamities such as floods and earthquakes, while also directly assessing the living conditions of vulnerable populations during the summer heat.According to Inje County on August 5, the county will operate a 'Focused Enrollment Period for Disaster Insurance' until August 31. This initiative aims to reduce property damage from natural disasters and support rapid recovery.The disaster insu
Jung Jeom-sik: If the Democratic Party Wants the Lee Government to Succeed, It Must Accept the National Investigation into Stock Market Turmoil
Jung Jeom-sik, the floor leader of the People Power Party, stated on August 5 that if the Democratic Party wishes for the success of the Lee government, it must accept a national investigation into the recent turmoil in the stock market.In a post on his Facebook page, Jung argued, "To restore the trust that has been lost in the market, both the government and the National Assembly must make continuous efforts."He added, "The Democratic Party seems to think that a national investigation would inc
Bae, Kim & Lee Strengthens Investigative Response Capabilities with New Hires
Bae, Kim & Lee LLC (BKL) announced on August 5 that it has strengthened its investigative response capabilities by rehiring Jang Woo-sung, a former special prosecutor in the special investigation team for insurrection, and hiring Jang Sung-won, who has served as the police chief of Paju and Suseo.Jang Woo-sung, a graduate of the 34th Judicial Research and Training Institute, joined the police force in 2005. He has held various positions, including head of the economic crime investigation unit at