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Kim Dong-seon expands tender offer Common shares close at 31%
Photo: 연합뉴스
In short
Kim Dong-seon, president of Hanwha M&S, increased the tender offer amount by over 10 million shares.
His brothers, Vice Chairs Kim Dong-gwan and Kim Dong-won, also decided to offer their shareholdings for purchase.
The volume was increased so minority shareholders' portion would not shrink, and the purchase ended on November 2.
Key facts
When
Corrected announcement on October 22; tender offer closed on November 2.
Who
Kim Dong-seon is Future Strategy President of Hanwha Machinery & Service Holdings.
What
Common share tender offer volume increased from 16.06 million to 26.203 million shares.
How
Purchase price held at 8,000 won per share; total capital increased to approximately 209.6 billion won.
What it means for me
For Hanwha M&S shareholders, the outcome of holding shares differs depending on whether they apply for the tender offer.
Finance · Planned · 2 sources combinedp. 2 / 9
KB Asset Management launches second fund Sets 7% target return rate
D-6 Deadline November 13 · Fund subscription deadline
Photo: 연합뉴스
In short
KB Asset Management announced the launch of a new fund on November 3rd.
It will diversify investments in advanced industry stocks such as semiconductors, defense, and biotech.
Once the 7% target return is achieved, it will be managed by converting to safe assets.
Visitor info
Subscription period
November 3-13, 2026, through KB Kookmin Bank online and offline channels
Establishment date
Scheduled establishment on November 16, 2026
Key facts
When
Launch announced for November 3rd, with subscription through November 13th and scheduled establishment on the 16th.
Who
KB Asset Management introduced the 'KB Korea Advanced Strategic Industry 50 Target-Switch Fund No. 2'.
What
It invests in 20-30 companies selected from semiconductors, defense, biotech, secondary batteries, space, and robotics.
How
Maintains stock allocation below 50%. Upon reaching cumulative return of 7% (benchmark price 1,070 won), converts to bonds.
What it means for me
Stock prices falling before target return is achieved may result in losses; verification is needed before subscribing.
Working professionals in their 40s seeking both diversified advanced industry investment and stability may find this attractive.
Retirees should first check capital stability and target-switch conditions before subscribing.
Finance · 2 sources combinedp. 3 / 9
Housing subscription savings conversion 30,000 won cashback offered
D-34 Deadline December 11 · Cashback event deadline
Photo: 연합뉴스
In short
Busan Bank offers cashback when you convert housing subscription deposits or installment savings into comprehensive housing subscription savings.
The promotion runs from November 2 to December 11, limited to first 300 accounts.
After conversion, you can apply for both public and private housing.
Visitor info
Period
November 2 to December 11, 2026
Eligible participants
First 300 accounts, customers converting housing subscription deposits or installment savings
Contact
BNK Busan Bank mobile banking app event page
Key facts
When
The promotion runs from November 2 to December 11, and may close early once 300 accounts are filled on a first-come basis.
Who
The promotion is for customers with Busan Bank housing subscription deposits or installment savings accounts.
What
Converting to comprehensive housing subscription savings entitles you to 30,000 won cashback.
How
You must maintain the converted account until payment and consent to marketing use to receive the cashback.
What it means for me
Existing housing subscription deposit or installment savings account holders can receive 30,000 won cashback and interest rate benefits when converting.
Economy · 2 sources combinedp. 4 / 9
Bumper crop of cabbage and radish 6.4 billion won discount program launched
D-29 Deadline December 6 · Kimchi material discount event ends
In short
The government is launching a discount event to lower prices of agricultural and seafood products during kimchi-making season.
With a bumper crop of cabbage and radish this year, price burdens are expected to ease.
From November 9 to December 6, agricultural products will be discounted up to 40%, and seafood up to 50%.
Key facts
When
From November 9 to December 6, the '2026 Kimchi Material Supply Stabilization Plan' will be implemented.
Who
The Ministry of Agriculture, Food and Rural Affairs and the Ministry of Oceans and Fisheries jointly announced the plan on the 3rd.
What
A record 6.4 billion won will be invested to offer up to 40% discount on agricultural products and up to 50% on seafood.
How
46,500 tons of cabbage and 9,000 tons of radish will be secured in advance to stabilize supply.
What it means for me
Purchasing agricultural and seafood products during the discount period can reduce kimchi-making costs.
Vegetable and seafood retailers can expect increased demand during the discount period.
Households that make kimchi themselves can save on ingredient costs through discount benefits.
