NH Nonghyup Financial Expands Financial Support for Safe Management in SMEs NH Nonghyup Financial Group is taking steps to establish a model for environmental, social, and governance (ESG) collaboration focused on workplace safety.On July 30, NH Nonghyup Financial announced that it has signed a memorandum of understanding (MOU) with the Korea Occupational Safety and Health Agency to enhance support for industrial safety in small and medium-sized enterprises (SMEs).This agreement aims to align with the government's comprehensive workplace safety measures.The two organiza July 30, 2026

Hanwha's Kim Brothers Promoted, Strengthening Third-Generation Leadership Hanwha Group's three brothers have all been promoted, stepping into key management roles. Eldest brother Kim Dong-kwan has been elevated to vice chairman, while second brother Kim Dong-won has been promoted to vice chairman of Hanwha Life, and youngest brother Kim Dong-sun has moved up to president of Hanwha Vision. This shift is seen as a reinforcement of the third-generation management system.On July 30, Hanwha Group announced that these promotions and some CEO appointments for its subsidiarie July 30, 2026

NH Nonghyup and Kakao Bank Expand Financial Support for SMEs and Small Businesses Financial institutions are stepping up support for small and medium-sized enterprises (SMEs) and small businesses through public-private partnerships.NH Nonghyup Financial Group announced on July 30 that it has signed a memorandum of understanding (MOU) with the Korea Occupational Safety and Health Agency to enhance support for industrial safety in SMEs and mid-sized companies.This agreement aims to align with the government's comprehensive workplace safety measures. The two organizations plan t July 30, 2026

Samsung's Device Experience Division Reports First-Ever Loss Amid Rising Costs Samsung Electronics' Device Experience (DX) division, responsible for home appliances and mobile products, has reported its first-ever operating loss. The mobile division, once considered a stronghold, has also recorded a loss for the first time since its inception, prompting deeper consideration of strategies for recovery.On July 30, Samsung Electronics announced that the DX division incurred an operating loss of 800 billion won in the second quarter. Despite generating sales of 48 trillion won July 30, 2026

Hanwha Group Prepares for Split with Promotions of Owner Brothers Hanwha Group announced on July 30 that it has promoted the three owner brothers—Kim Dong-kwan, Kim Dong-won, and Kim Dong-sun—drawing attention to the context behind these changes. This restructuring comes ahead of the company's planned corporate split and the establishment of a new holding company, aimed at clarifying each brother's business portfolio and further solidifying the third-generation management system.According to Hanwha Group, the holding company, Hanwha, will launch a new entity c July 30, 2026

Bae Jae-kyu Advocates for Natural Phase-Out of Single-Stock Leverage Products Bae Jae-kyu, CEO of Korea Investment Trust Management, reiterated his critical stance on single-stock leverage products amid ongoing controversy over the financial authorities' bypassing of certain asset management firms. Despite being the head of a firm that manages related products, he urged investors to exercise caution and stated, "They should be phased out naturally rather than through delisting."On July 30, Bae expressed on his Facebook page that the issue of single-stock leverage should n July 30, 2026

Samsung SDS Reports 2nd Quarter Revenue of 3.71 Trillion Won Driven by Cloud and Logistics Growth Samsung SDS reported growth in both revenue and operating profit for the second quarter of this year, driven by advancements in its cloud and logistics businesses.On July 30, Samsung SDS announced preliminary results for the second quarter, showing revenue of 3.71 trillion won and operating profit of 231.8 billion won. This represents a 5.9% increase in revenue and a 0.7% increase in operating profit compared to the same period last year.The IT services segment recorded revenue of 1.76 trillion July 30, 2026

QatarEnergy Purchases 33 LNG Cargoes from U.S. Amid Hormuz Export Disruptions Qatar, facing disruptions in liquefied natural gas (LNG) exports through the Strait of Hormuz due to the Iran conflict, has significantly increased its purchases of U.S. LNG to maintain supply to its Asian customers.According to Reuters on July 30, Qatar's state-owned energy company QatarEnergy has acquired 33 cargoes of U.S. LNG this year. These cargoes will be supplied to South Korea, Taiwan, Bangladesh, India, and Japan.Last year, QatarEnergy purchased only four cargoes of U.S. LNG. The surge July 30, 2026

Homeplus Union Urges Meritz to Quickly Execute $1.5 Million DIP Financing Homeplus General Labor Union has requested that Meritz Financial Group promptly execute 200 billion won (approximately $150 million) in emergency operating funds (DIP). The union expressed concerns that delays in funding could disrupt product supply and the timeline for resuming operations.In a statement on July 30, the union said, "Homeplus is currently finalizing preparations for a swift business resumption," and urged for the rapid disbursement of funds to achieve management normalization and July 30, 2026

LG Display to Invest $2.3 Billion in OLED Technology Amid Chinese Competition LG Display will make a proactive investment of 3 trillion won (approximately $2.3 billion) to enhance its next-generation OLED (organic light-emitting diode) technology and infrastructure. Despite high interest rates and a global economic slowdown, the company aims to expand its technological edge through this significant funding.On July 30, LG Display announced that it has been selected as a support company for the 'OLED Technological Edge Acquisition' under the second phase of the National Gro July 30, 2026