Samsung Electronics is expected to receive more than $6 billion in subsidies from the U.S. government for its semiconductor investments in the country, marking its entry into the heated competition for chip investments alongside Intel and TSMC, according to media reports on Tuesday.The U.S. Department of Commerce on Monday revealed its support for chip factories…
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Bank deposits diminish as stock, crypto markets grow
Nearly 15 trillion won ($11.06 billion) was withdrawn from fixed-term deposit accounts and installment savings accounts at five major commercial banks in Korea in the past month, according to data, Tuesday.A fixed-term deposit account is where a lump sum of money is invested all at once for a fixed duration, in return for a predetermined…
Hotel Shilla CEO signs block deal to pay inheritance tax
Hotel Shilla CEO Lee Boo-jin, the daughter of late former Samsung Group Chairman Lee Kun-hee, is seeking to sell over 5.2 million Samsung Electronics shares in an after-hours block deal, according to market sources, Tuesday. The 447 billion won ($330 million) to be cashed will be used to pay part of the inheritance tax total…
Daedong, LS Mtron, TYM hit by decreasing no. of North American hobby farmers
The declining popularity of hobby farming in North America after the end of the COVID-19 pandemic has worsened the profitability of Korea’s three largest farming machine makers, which faced a sharp drop in their exports last year, according to industry officials, Tuesday. Daedong, LS Mtron and TYM, which have trisected the Korean agricultural equipment market,…
GEN Singapore Edge At Melco In Yokohama: Maybank
Casino company Genting Singapore could beat rival global operator Melco Resorts and Entertainment and could be another eligible bidder in the race to become a casino complex partner in Yokohama, Maybank Investment Bank Bhd said on Wednesday. A note from banking group Nomura on Monday said it would “estimate at least a 50% chance of…
Nagasaki plans labor, public safety at casinos
Nagasaki Prefecture said it is starting to develop manpower for its desired casino resort. On July 31, an online meeting of the Kyushu-Nagasaki International Tourism Human Resource Development Consortium Preparatory Committee will be held. People in the fields of tourism, hospitality, and education are expected to participate in the event. According to the information sent…
MGM US$9bln Osaka IR Ready Early 2028: RFP Info
MGM Resorts International and its partner in Japan, Orix Corp, said the current $9 billion Osaka casino resort in Japan will not open before 2028 and could open by 2030. On Tuesday, the Osaka Prefecture said it had received Request for Proposal (RFP) data from MGM Resorts and Orix, according to information gathered by GGRAsia’s…
Osidori Nagasaki RFP, quit. It doesn’t affect mohegan
U.S.-based tribal casino operator Mohegan Gaming and Entertainment said it does not expect any “financial impact” on the company as it is no longer operating through a consortium for casino licenses in Nagasaki Prefecture, Japan. Mohegan Gaming and Entertainment has been paired with Oshidori International Holdings Ltd. for the Nagasaki bid. In an announcement on…
Coach Kim Wan-soo renewed his contract with KB Stars for two years The coaching staff will also stay
KB Stars said on Tuesday that it has renewed its contract with manager Kim Wan-soo. The two sides have agreed not to disclose details of the contract, with two years to be signed. Kim Wan-soo, who replaced Ahn Deok-soo and took the helm from April 2021, became the first female professional basketball player to win…
LeBron Absent-AD Injury Bad News LAL loses to MIN, frustrating 5th consecutive win
The Los Angeles Lakers lost 117-127 against the Minnesota Timberwolves in the 2023-2024 NBA regular league at Cryptocom Arena in Los Angeles, California, on the 8th (Korea time). LeBron James was absent, and Anthony Davis left the game due to injury. Rui Hachimura (30 points, six rebounds) and Spencer Dinwiddie (18 points, five rebounds and…