The Korea Herald

UK fintech firm Anthemis to operate US$10m fund with Hanwha Life

Jul 26, 2016

[THE INVESTOR] Anthemis Group, one of UK’s leading fintech investment firm, has joined hands with Hanwha Life to operate a US$10 million (11.3 billion won) fund. Anthemis was founded in 2010. Its main area of expertise is investing in financial services companies, mainly those in retail banking and consumer finance, data technology and infrastructure, and wealth and asset management. Hanwha Life headquarters in Yeouido, Seoul.Hanwha currently manages up to 100 trillion won (US$ 87.88 billion) of
[EQUITIES] Kyobo Securities forecasts LG Corp.’s Q2 revenues to beat market estimates

Jul 26, 2016

[THE INVESTOR] Kyobo Securities said LG Corp. the holding company of LG Group is expected to post a second-quarter operating profit of 383 billion won (US$336.61 million), which is 12 percent higher compared to the same period in 2015. Sales were forecast to reach 2.58 trillion won, up 7.2 percent on-year. Both figures are higher than the current market consensus. Kyobo said the higher-than-expected revenues would stem from improved earnings from key affiliates such as LG Electronics and LG Chem