Hyundai Marine & Fire Insurance reported a 14.2% year-on-year drop in Q3 net profit to 183.2 billion won, missing estimates due to auto insurance losses from flood damage and weaker investment income.
#YonhapInfomax #HyundaiMarineFireInsurance #Q3NetProfit #AutoInsuranceLoss #InvestmentIncome #KICSRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90832

South Korea’s foreign exchange reserves climbed for a fifth straight month to $428.82 billion at end-October, the highest since January 2023, driven by investment gains and new foreign currency bond issuances, according to the Bank of Korea.
#YonhapInfomax #ForeignExchangeReserves #BankOfKorea #InvestmentIncome #StabilizationBonds #GlobalRanking #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89191

DB Insurance Co. reported a 19.3% year-on-year drop in H1 net profit to 906.9 billion won, as insurance underwriting income fell sharply, while investment income surged 57.1%.
#YonhapInfomax #DBInsurance #NetProfit #InsuranceUnderwriting #InvestmentIncome #KICSRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=77126

Hanwha General Insurance posted a 12.6% drop in H1 net profit to KRW 222.6 billion, slightly missing market forecasts, while revenue rose 13% on strong insurance sales and robust investment income.
#YonhapInfomax #HanwhaGeneralInsurance #NetProfit #RevenueGrowth #InsuranceContractServiceMargin #InvestmentIncome #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=76980

Tongyang Life Insurance's H1 net profit plunged 47% to 86.8 billion won as insurance and investment income declined, but the company aims to boost growth through Woori Financial Group synergies.
#YonhapInfomax #TongyangLife #NetProfit #WooriFinancialGroup #InsuranceProfit #InvestmentIncome #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=76464

#Mainers call on legislature to fund #education and more by raising taxes on #wealthy

by Channa Steinmetz, March 27, 2025

"As the #Trump Administration continues its efforts to fund huge #billionaire tax cuts by raising the cost of living and making it harder for Americans to access health care, housing, food assistance and education, Mainers, including some with very high incomes, are calling for the state’s wealthiest residents to pay what they truly owe our state.

"#LD1089, 'An Act to Permanently Fund 55 Percent of the State’s Share of Education by Establishing a Tax on Incomes of More than $1,000,000,' would add a 4% income tax surcharge on the fewer than 1% of Mainers whose incomes are above $1 million to fund Maine’s public schools. Currently, #millionaires pay the same percentage of their income in taxes as someone who makes $61,000 – leaving more than $100 million a year (the amount this tax would raise) on the table.

"Bill sponsor Rep. Cheryl Golek (D-Harpswell) said that while the bill would benefit many Mainers, 'adding a modest surcharge has no impact on millionaires.'

"#LD1047, 'An Act to Impose an Additional Tax on Certain Unearned Income', adds a 4% surcharge on capital gains above $250,000 for an individual or $500,000 for a couple filing jointly.

"Since #InvestmentIncome is often taxed at a lower rate than wages, and people with more wealth tend to get more of their income from investments (such as stocks or real estate), this bill helps to address the disparity in tax rates between people with more and less wealth. It would affect only the wealthiest investors, not middle-class families selling homes or withdrawing retirement savings, while raising over $100 million to support #schools, #infrastructure, and community services, said bill sponsor Rep. Grayson Lookner (D-Portland).

"Lucas St. Clair, an immensely wealthy Falmouth resident best known for his work on the Katahdin Woods and Waters National Monument, testified in favor of both bills. He said that people with money, like his family, should pay more in taxes: 'We care about the future of this state. The inequitable tax structure of today…undermines the overall health of our communities. The wealthy should pay our fair share in taxes. Period.' He also spoke about the results of fairer tax policies: 'Fair tax policies allow more money to stay in communities, ensuring greater investment in public schools, infrastructure, and services like child care and health care.'

"Gorham child care provider Charlotte Jacobs of Scarborough testified in person in favor of both tax bills, saying that Maine’s continued failure to fully fund universal Pre-K and other essential services is a direct consequence of an unbalanced tax system."

Read more:
https://mainebeacon.com/mainers-call-on-legislature-to-fund-education-and-more-by-raising-taxes-on-wealthy/
#MainePol #TaxTheRich #USPol #Education #EducationCuts

1️⃣8️⃣ The Future of Money is Investment Income + Wages

🔥 Investment isn’t just for the wealthiest — it’s essential for shared growth.

✅ As investment-driven UBI becomes a visible part of income, people will see themselves as participants in universal wealth — not just earners.
✅ This shift can inspire smarter financial behavior and support a healthier balance between consumption, productivity, and life.

#UniversalWealth #UBI #InvestmentIncome #EconomicGrowth #20postchallenge

Japan's economy shows resilience with substantial current account surplus, signaling strong export performance and investment income
#YonhapInfomax #JapanCurrentAccount #EconomicSurplus #TradeBalance #ExportPerformance #InvestmentIncome #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50221