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...Office values in London and other major cities have tumbled as interest rates hammer commercial property prices and working from home cuts into companies’ need for space....
...The South Korean company reported a Won2.89tn ($2.1bn) operating profit for the first three months of this year, well above the Won1.88tn profit estimate by LSEG SmartEstimate....
...“So we cannot produce everything here, and some of our companies need to go [overseas] to major markets. We encourage them to do that.”...
...The aim is to be listed on Nasdaq in five years and to become a company worth Won1tn. “We want to become a company like Tencent in the looming XR [extended reality] era....
...President Yoon Suk Yeol made an election pledge two years ago to crack down on private use of company owned luxury cars....
...He also told a shareholder meeting that the company expected more than $100mn of revenue from its advanced chip packaging business this year....
...This is an upgrade from the company’s previous plans....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...“About 20 per cent of Japanese companies joined the government programme to boost valuations....
Financial regulator considers fixed-income securities ban following probe
...Officials also worry that South Korea is at risk of losing its historic technological edge over China in a range of areas, in part because of a campaign by Chinese companies to accumulate South Korean expertise...
...“The Chinese companies are now sacrificing margins to build a user base here,” she said, “but how long can they maintain such a business model?”...
...In this context, some of Korea’s companies are also stepping up....
...boards at companies with assets of more than Won2tn....
...The decision comes after Kwon’s company, Terraform Labs, filed for Chapter 11 bankruptcy protection in the US last month. Kwon’s lawyers have three days to appeal the court ruling....
...“The company has been overtaken by rivals in some areas like AI chips, while Lee has been unable to present a clear vision and direction for growth,” said Park Ju-geun....
...The South Korean company posted a Won6.3tn ($4.7bn) net profit in the October-December quarter as its mainstay chip business reported a bigger than expected operating loss of Won2.2tn....
...Commercial banks will also provide mid-sized companies with Won15tn of financial aid through various programmes....
...US District Judge Jed Rakoff said last month that Terraform Labs was liable for selling unregistered securities and the SEC case against the company must be tried by a jury....
..., according to the South Korean company....
Galaxy S24 series features ‘on-device’ apps such as live phone call translations and smart photo editing
...However, weaker than expected performance in the television and other home appliances business weighed on the company’s earnings, they said....
...Braun serves as chief executive of Hybe America and is working to expand its operations in the US, including orchestrating BTS member Jung Kook’s solo project....
...“The filing will allow TFL to execute on its business plan while navigating ongoing legal proceedings,” the Singapore-based company said in a statement....
...At a Starbucks in the futuristic headquarters of Naver, South Korea’s biggest internet company, a line of robots is on standby to fetch coffee for the company’s employees....
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