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Shinsegae International divests its JAJU brand for KRW 94 billion ($72 million), aiming to improve its financial structure and focus on core cosmetics and fashion businesses amid rising debt and declining profits.
Einstein said insanity is doing the same thing repeatedly while expecting different results—a principle that applies directly to financial planning and debt reduction. This reflection explores how Canadians can change their financial habits using the same logic that explains the universe.
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S&P has affirmed Korea Electric Power Corp.'s 'AA' credit rating and upgraded its standalone credit profile, citing improved profitability and financial metrics, with EBITDA projected to rise from 23 trillion won in 2024 to 29 trillion won in 2025.
Lotte Himart Co. plans to issue up to KRW 100 billion in bonds to refinance high-interest debt, aiming to cut interest costs, but faces ongoing challenges from increased leverage and goodwill impairment despite recent earnings improvements.
SK Networks CEO Lee Ho-jung announced plans to cut the company’s net debt to zero, reducing it from 4.5 trillion won to 1.3 trillion won by June 2024, and emphasized leveraging AI for business innovation.