[NewsSpace=Jack Moon] The factory and warehouse transaction market in South Korea showed a strong recovery at the end of 2024, marked by a slight increase in transaction volume and a sharp rise in total transaction value, driven by large-scale deals. According to an analysis by RSQUARE’s R.A. (RSQUARE Analytics), based on real transaction data from the Ministry of Land, Infrastructure, and Transport, there were 502 factory and warehouse transactions nationwide in December 2024, amounting to 1.86 trillion KRW. While transaction volume saw a modest 5.5% increase from November’s 476 transactions,
[News Space=Reporter seungwon lee] An absurd incident occurred where Hanwha Life Insurance did not allow shareholders to enter the shareholders’ meeting, creating a situation similar to ‘martial law.’ It is pointed out that this is a clear violation of shareholder rights by preventing shareholders from attending the meeting where the company’s major management matters were explained and approved. At the shareholders’ meeting held on the second floor of the main building of Hanwha Financial Center 63 in Yeouido, Seoul on March 20, shareholders who appeared to be company employees were seated in
[News Space=Reporter seungwon lee] Hyosung Group Chairman Cho Hyun-joon and HS Hyosung Group Vice Chairman Cho Hyun-sang received the highest compensation among domestic conglomerate heads, regardless of the company’s performance and stock price. The combined compensation of the two brothers’ salaries and bonuses amounts to a whopping 40 billion won. This is in stark contrast to Samsung Electronics Chairman Lee Jae-yong, who has been managing the company without compensation since 2017 in order to save it, which is going through a difficult time due to worsening performance. Vice Chairman Cho
[News Space=Reporter seungwon lee] On the 21st, the day after defense company Hanwha Aerospace announced a plan to increase capital by 3.6 trillion won, the stock prices of Hanwha Group companies, including Hanwha Aerospace, Hanwha, Hanwha Systems, Hanwha Solutions, and Hanwha Ocean, all fell. Issuing new shares of its own stocks can be an easy way for companies to raise capital. However, existing shareholders inevitably suffer losses due to dilution of their stakes. The indiscriminate and unilateral capital increases used by unprofitable bio companies and some companies facing financial crise
[News Space=Reporter seungwon lee] As the stock price of HS Hyosung, which was separated from Hyosung Group, fell by about 70% compared to its initial price, it was confirmed that Vice Chairman Cho Hyun-sang, who leads HS Hyosung, received the highest compensation among domestic business leaders last year. He confidently surpassed business leaders CJ Lee Jae-hyun, Lotte Shin Dong-bin, HanWha Kim Seung-yeon, and Hyundai Motors Chung Eui-sun. Vice Chairman Cho received a total of 32.3 billion won from HS Hyosung and Hyosung last year. In addition to the salary and bonuses he received from Hyosun
[News Space=Reporter seungwon lee] There are many people in Korea and around the world who respect Yi Sun-sin, but perhaps no one loves Yi Sun-sin as much as this person. This is Chairman Yoon Dong-han of Korea Kolmar, a cosmetics manufacturing, development and production company. Chairman Yoon is a conscious businessman who uses his personal wealth to spread the word about Yi Sun-sin’s leadership and achievements and practices his love for his country and historical awareness. He established the ‘Seoul Yeohae Foundation’ named after General Yi Sun-sin, and signed a business agreement with Dae
[NewsSpace=Jack Moon] Concerns about an oversupply of logistics centers in the metropolitan area are easing. This is due to a significant decrease in new construction and a gradual filling of existing vacant spaces. However, rental rates have remained stagnant for the second consecutive year, as many logistics centers still struggle to secure tenants. According to RSQUARE Analytics (RA), a commercial real estate services company, the "2024 Second Half Metropolitan Area Logistics Center Market Report," released on the 12th, highlighted these findings. The report states that the new supply of lo
[News Space=Reporter seungwon lee] LS Group's US affiliate, Essex Solutions, is operating production lines at full capacity at its factories in Canada and Italy to respond to the rapidly increasing demand for special windings for transformers in North America and Europe. Special windings for transformers are seeing a surge in orders due to the recent increase in artificial intelligence (AI) data centers and the fact that approximately 70% of transformers in the U.S. are due for replacement. Driven by explosive orders, this business unit of Essex Solutions has recorded a compound annual growth
[News Space=Reporter seungwon lee] Is it because of the magic of CEO Young-Seop Kim, who is a strategist and financial expert? KT, which has been promoting AI transformation (AX) and strengthening shareholder returns, has broken through the 50,000 won barrier for the first time in 15 years. According to the Korea Exchange on the 19th, KT's stock price closed at 57,000 won, up 1,200 won (2.42%) from the previous day. This is the first time in about 15 years since February 1, 2010 (the intraday high of 51,200 won) that the stock price reached the 50,000 won range based on the closing price, foll
[News Space=Reporter seungwon lee] KAI (Korea Aerospace Industries, Ltd.) is partnering with 'Shield AI', which participated in the development of the US X-62 VISTA, and is moving forward with AI autonomous flight verification. On the 5th, KAI signed a contract to use 'Hivemind Enterprise (HME),' an AI-based autonomous flight software applied to Shield AI and unmanned aerial vehicles and drones. The contract was conducted between three parties, including Quantum Aero, the domestic supplier of Shield AI. Shield AI's HME, which recently signed a contract, is a software that builds, evaluates, an