Mutual fund investment company

Samsung Electronics Vice Chairman Lee Jae-yong steps up to the podium on May 20 after he accompanied President Yoon Suk-yeol and U.S. President Joe Biden on a tour of the company's chip manufacturing complex in Pyeongtaek. [YONHAP] Samsung Electronics and related companies will invest 450 trillion won ($356 billion) over the course of the next five years on chips, biopharmaceuticals, advanced networks and artificial intelligence. The investment total is up 30 percent from the previous five years, while 80 percent of the total will be committed to investments within Korea. Suwon, Gyeonggi-based Samsung Electronics, which is Korea's largest company, did not break down where exactly the funds would be going, though based on the announcement and statements by the company, much of it will be going to Samsung Electronics itself. The company is related by various levels of shareholding to dozens of other companies active in a wide range of businesses. Samsung Electronics did say that … [Read more...] about Samsung commits to $356 billion of investment over 5 years

Lotte World Tower in southern Seoul [LOTTE CORPORATION] Lotte companies vowed to invest a total of 37 trillion won ($29 billion) over the next five years into making their businesses more sustainable, with a major focus on biopharmaceuticals and mobility. Lotte Corporation announced the investment plan Tuesday along with a specific breakdown and details on how the money will be used. Some 41 percent will go to its biopharmaceutical and mobility businesses, along with construction and rental businesses, while 25 percent will go to its chemical business. Twenty-two percent will be used in strengthening its retail business, while six percent will go to the hotel sector and another six to the food sector. Lotte plans to use about 1 trillion won to construct a biopharmaceutical contract and development manufacturing organization plant in the country. The move is in line with the company's ambitious goal of entering the biopharmaceutical industry. Lotte recently announced that … [Read more...] about Lotte companies vow to invest 37 trillion won over next 5 years

- A + A KUALA LUMPUR (May 24): KAF Investment Bank Bhd has appointed Rafiza Ghazali as the chief executive officer (CEO) designate in leading its Digital Islamic Bank. In a statement, the Malaysian financial services group said Rafiza will initially be joining KAF Investment Bank as part of the digital bank project team, pending the incorporation process of the digital bank entity. Deputy chief executive officer Thariq Usman Ahmad said the bank is pleased to have Rafiza to head its digital banking leadership team, given her wealth of experience in both the private and public sectors. “Her extensive foundation in banking as well as her involvement in innovation, particularly with the Malaysian financial technology community, will be a huge asset in the building of KAF's digital banking partnership platform,” he said. According to the statement, Rafiza has experience across the financial industry from Pengurusan Danaharta Nasional Bhd to RHB Investment Bank Bhd, … [Read more...] about KAF Investment Bank appoints Rafiza Ghazali as CEO designate for its Digital Islamic Bank

Hyundai Motor Group Chairman Euisun Chung delivers a congratulatory speech during a ceremony to launch the Entrepreneurship Round Table at the Korea Chamber of Commerce and Industry in central Seoul on Tuesday. [YONHAP] Hyundai Motor, Kia and Hyundai Mobis will jointly invest 63 trillion won ($50 billion) through 2025 in Korea in an effort to make the country the hub for future mobility. The commitment will be focused on three main categories: Electric and eco-friendly vehicles, new mobility technologies and internal combustion engine vehicles. A 21-trillion-won investment plan that was declared last week by Hyundai Motor and Kia, the two largest automakers in Korea, is included in the total. About 16.2 trillion won will be used in the eco-friendly vehicle business. The companies will seek to acquire technologies that are essential in making a wide range of environmental-friendly cars, including hybrids and fuel cell vehicles. They also vowed to install 5,000 200-kilowatt … [Read more...] about Hyundai companies promise $50 billion of investment through 2025

KT Studio Genie CEO Kim Chul-yeon, right, and Jumbo Film Director Han Dong-hwa stand for photos after the KT subsidiary agreed to buy a 30 percent stake in the drama production company on Monday. [KT] KT Studio Genie bought a 30 percent stake in local drama production company Jumbo Film for an unspecified amount, the KT subsidiary said Tuesday. Founded in April 2020, Jumbo Film has produced popular drama series including SBS’s “One The Woman” (2021), tvN’s “Navillera” (2021) and OCN’s “Voice Season 4: Time of Judgment” (2021). The two companies will co-produce new works using the best of each party’s capabilities and have them distributed through KT’s media platforms. This comes as a part of KT’s goal to grow the revenue of its content and media units by 30 percent to 5 trillion won ($4 billion) by 2025, which the company announced last month. KT said it will invest 500 billion won over the next three years to achieve the goal. “KT Studio Genie will keep expanding KT’s media … [Read more...] about Korea’s KT Studio Genie buys 30 percent of drama production company Jumbo Film

So far in this eight part series titled "8 Reasons Subscribers Are Better Than Customers," we've seen how subscribers boost the value of your company , increase the life time value of a customer and smooth out demand . Today, we look at how the subscription business model gets you closer to your customers--for free. In a traditional business, the customer buys your product or service once and it is up to you to try and convince them to buy again in the future. You often have no idea if they liked what they bought and what would have made them buy more so you're left having to guess or invest in costly market research. In a subscription business, you have what I call "Automatic Customers" who agree to purchase from you into the future as long as you keep providing your service or product. Through the research for my new book , I've discovered there are nine different subscription models that are leveraged by everyone from accounting firms to art teachers to better … [Read more...] about The Surprising Way Companies Like Netflix and Amazon Do Market Research

London (CNN Business) One of the many buzzwords percolating around Davos this week is "fragmentation," the force economists there warned could have "devastating human consequences." By "fragmentation," they are referring to a breakdown of the kind of free-wheeling, border-crossing trade and investment that's defined the global economic order over the past three decades. It is a form of deglobalization — rebuilding fences around national or regional fiefdoms. "Fragmentation is the sense that we may be having economies protect themselves a little more domestically, and that could slow things down," Josh Lipsky, director of the Atlantic Council's GeoEconomics Center, told me. "And then it may make things more expensive in return." It's not a new issue, of course — supply-chain upheaval was turbocharged by the start of the pandemic more than two years ago — but the war in Ukraine, growing political divides and lingering trade disputes are renewing concerns … [Read more...] about Here’s another troubling reason inflation will be hard to fight

Share to Twitter Share to Linkedin Topline Moderna CEO Stéphane Bancel , a veteran biotech executive whose fortune swelled during the Covid-19 pandemic, on Tuesday revealed he would donate all the after-tax proceeds from his original Moderna stock options—worth about $355 million—to charity over the next year. Key Facts In a regulatory filing on Tuesday, Bancel disclosed he would exercise stock options, originally granted in 2013 and set to expire in August 2023, to acquire nearly 4.6 million shares at a price of $0.99 apiece, a nearly 100% discount to current prices of about $138. Bancel, who joined Moderna in 2011, said in an accompanying blog post the donated shares would amount to roughly $355 million at current prices—after deducting about $280 million in state and federal tax payments. To avoid a large-scale transaction that potentially impacts the price of Moderna shares, Bancel said he would set up a trading plan in which he … [Read more...] about Billionaire Moderna CEO Stéphane Bancel Pledges Stock Options Worth $355 Million To Undisclosed Charitable Causes

On May 25, 2020, George Floyd died before our eyes as a police officer knelt on his neck for approximately 9 minutes on a street in Minneapolis. Had Darnella Frazier, then 17, not captured the murder on her cell phone and posted it to Facebook, Floyd would have been yet another Black man to die in police custody – a statistic. Instead, George Floyd became a powerful symbol of persistent inequality and systemic injustice against Black Americans and a wake-up call for all. The response was historic – from the scores of leaders making forceful statements every day about racial justice to the $50 billion that U.S. companies pledged (but not necessarily paid) to support Black communities. To understand the complexities of where we stand as a nation, though, look no further than the racially motivated mass murder at a Buffalo grocery store on May 14. In an effort to capture the reality of being Black in America, we decided that we wanted to hear from leaders in the community. Here are … [Read more...] about Two Years After George Floyd, Black Leaders Reflect On Change

KUALA LUMPUR: Datuk Seri Dr Ahmad Zahid Hamidi told the High Court here on Tuesday (May 24) that he advanced RM1.3mil of Yayasan Akalbudi (YAB) funds to the Royal Malaysia Police (PDRM) Football Association (PDRM FA) because its players and staff had not received their salaries and allowances for four months. Ahmad Zahid, 69, said prior to that, he had never extended any contributions to the PDRM FA, although as the Home Minister then he had jurisdiction over PDRM. "I was told by my son-in-law Datuk Zul Hisham Zainal that the football association was in urgent need of financial help because it had not paid salaries for four months, and players and staff could not meet their personal expenses like house rents, car (instalments), alimony and other commitments,” he added. He said this when reading out his witness statement in his defence against 47 charges - 12 of criminal breach of trust, eight of corruption and 27 of money laundering - involving millions of ringgit belonging to … [Read more...] about Ahmad Zahid: YAB advanced RM1.3mil to PRDM FA which was in financial trouble