[News Space=Reporter seungwon lee] Osstem Implant's subsidiary Osstem Cardio (CEO Park Geun-jin) is changing its name to 'OSSTEM VASCULAR'. Osstem Cardio announced that it had passed the agenda for the name change at the regular shareholders' meeting held on the 24th of last month and has begun administrative procedures including registration. The new company name, Osstem Vascular, includes the word Vascular, which means blood vessel. The company’s mission reflects its intention to expand its business from existing cardiovascular medical devices to the cerebrovascular and peripheral vascular s
[News Space=Reporter seungwon lee] While Acting President and Prime Minister Han Duck-soo is expected to request reconsideration (veto) of the amendment to the Commercial Act at the Cabinet meeting on the 1st, attention is focused on the fact that Lee Jae-myung, the leader of the Democratic Party of Korea, mentioned the controversy over the succession of management rights at Hanwha Group. Lee Jae-myung, the leader of the Democratic Party of Korea, criticized the acting chairman on his Facebook page on the 31st, saying, “Are you sure you’re going to use your veto power when our capital market i
[News Space=Reporter seungwon lee] A beautiful feast of Korean modern sculptures that becomes more enjoyable the more you look at them and happier the more you learn about them is unfolding along the riverside of Seoul. The 'Han River Sculpture Exhibition' exhibits world-class large-scale sculptures amidst beautiful natural scenery. It is a special opportunity to appreciate the unique originality and dynamism of K-sculpture through the exhibition of 300 high-quality sculptures. Crown Haitai Confectionery (Chairman Youngdal Yoon) and Seoul Metropolitan Government (Future Hangang Headquarters) w
[News Space=Reporter seungwon lee] Eagon Windows (CEO Gil-su Lee) is expected to post sales of KRW 134.4 billion in 2024, up about 21% from the previous year (KRW 111.5 billion), but the company’s outlook is bleak. This is because financial instability is increasing due to the widening deficit and increasing debt ratio. According to the audit report of the Financial Supervisory Service’s electronic disclosure system on the 29th, the operating loss last year was 8.4 billion won, a wider loss than the previous year (-7.9 billion won). The net loss for the period also increased to 9.8 billion won
[News Space=Reporter seungwon lee] Nongshim Kellogg (CEO Jeong In-ho) is facing a red light for its management performance and financial structure. However, its major shareholder, the US-based Kellanova, is paying no attention to this and is being criticized for maintaining a high dividend payout ratio and pursuing profit maximization. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 31st, Nongshim Kellogg's sales in 2024 decreased slightly compared to the previous year, but both operating profit and net profit decreased by more than 30%
[News Space=Reporter seungwon lee] BASF Korea Co., Ltd., the Korean branch of BASF Beteiligungsgesellschaft mbH, the world's number one chemical company, reported a 0.2% decrease in sales last year compared to the previous year, but operating profit and net profit decreased by 23% and 52%, respectively. BASF Korea is 100% owned by BASF in Germany, its headquarters, and was established on December 15, 1988 for the purpose of producing and selling chemical products. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 28th, BASF Korea recorded
[News Space=Reporter seungwon lee] People Power Party lawmaker Kang Min-guk (Jinju-eul, Gyeongsangnam-do), who is the floor leader of the National Assembly’s Political Affairs Committee, urged the relevant authorities to investigate the truth on the 28th, saying that Hanwha Aerospace, which has ample room to issue corporate bonds, announced a paid-in capital increase, which led to a sharp drop in its stock price and massive shareholder damage. On March 18, Hanwha Aerospace's stock price rose to an intraday high of 781,000 won and a closing price of 764,000 won, the highest level ever. However,
[News Space=Reporter seungwon lee] As Hana Financial Group held a shareholders' meeting on the 25th and e lected Chairman Young-Joo Ham, attention is focused on the outcome as the Citizens' Coalition for Economic Democratization, the Financial Justice Coalition, the People's Economy Research Institute, the People's Solidarity for Participatory Democracy (hereinafter referred to as the Financial Solidarity), and the global proxy advisory firm Institutional Shareholder Services (ISS) are raising voices of opposition. Another uncomfortable aspect is that even Financial Supervisory Service Governo
[News Space=Reporter seungwon lee] Novo Nordisk Pharmaceuticals (CEO Sasha Semienchuk) achieved sales of KRW 374.7 billion in 2024, recording an astonishing 63% growth compared to KRW 230.2 billion the previous year, but looking inside, the situation is not all smiles. Despite rapid sales growth, profitability improvement is minimal, raising questions about whether the aggressive dividend policy is sustainable. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 30th, Novo Nordisk's sales in 2024 will be 374.7 billion won, up 62.7% from the
[News Space=Reporter seungwon lee] The management performance and financial structure of pet specialty company Harim Pet Food (CEO Jun Heo) are showing signs of improvement. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 30th, Harim Pet Food's sales, operating profit, and net profit in 2024 all showed significant improvements compared to the previous year. Last year, Harim Pet Food achieved sales of KRW 52.1 billion (a 14% increase from KRW 45.7 billion the previous year), operating profit of KRW 3.2 billion (a 78% increase from KRW 1.8