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South Korea’s major companies saw their exports drop last year, amid sluggish global growth and US-China trade tension, but banks enjoyed record-high revenue on the back of interest earnings, data sh...
The chief of South Korea’s financial supervisory body on April 5 stressed “inclusive finance” and “responsible innovation” as the key drivers of its regulatory oversight this year as the country prep...
Commercial office buildings in Seoul saw their vacancy rates fall in the first quarter of 2019, data showed April 5. For Grade A office buildings in Seoul’s three major districts, the average vacanc...
A consortium led by chemical-to-financial conglomerate KG Group has become the preferred bidder to buy Dongbu Steel , a sign that the debt-ridden steelmaker will end its loan workout on schedule af...
The mayor of Seoul said on April 4 that his government will spend 1.9 trillion won ($1.67 billion) by 2022 to develop the capital city into one of the world’s top five hubs for startups. Mayor Pa...
The financial strain on family-owned conglomerate Woongjin Group is intensifying due to its takeover of water purifier rental firm Coway that involved huge loans. The group is now suffering from a ...
South Korea’s monthly current account surplus edged down in February from a year earlier amid sluggish exports, central bank data showed on April 4. The country’s current account surplus came to ...
South Korea’s financial regulator said on April 3 that it has approved a plan to shorten premarket trading time by 30 minutes from later this month. Off-hour block trading, which aims to cut pric...
Woori Financial Group announced on April 3 that it has signed a memorandum of understanding with family-owned Kukje Trust’s major stakeholders to acquire it. Woori Financial Group Chairman Sohn Tae...
South Korea’s consumer prices rose at the slowest pace in nearly 20 years in March on a drop in petrochemical products and a stabilization of prices of vegetables, government data showed on April 2. ...
A total of 33 companies face the prospect of being delisted from the South Korean stock market due to poor financial health, the bourse operator said on April 2. After reviewing corporate busines...
The financial watchdog said on April 2 it will encourage some insurers to raise more capital this year as the nation’s insurance industry prepares to adopt stricter global accounting rules. Under...
The government plans to draw up an extra budget in April to cope with fine dust and prop up the slowing economy in a pre-emptive manner, officials said on April 2. The decision was made at a meet...
Household lending extended by South Korea’s major banks continued to rise in March, with loans for self-employed businesses showing marked growth, market data showed on April 2. The country’s fiv...
Mirae Asset Group Chairman Park Hyeon-joo has donated his entire dividend yields from Mirae Asset Global Investments for the ninth consecutive year, according to the company on April 1 Its accumul...
Seoul’s commercial realty transactions jump 68% in Q1, Seoul Square deal takes up half
L&K Biomed at risk of being delisted by KRX
Asiana Airlines credit placed on negative watch despite relief package
[EXCLUSIVE] CJ to shut down Bibigo in China by August
Anchor Equity Partners acquires Burger King Japan
OliPass plans to go public this year
Boryung Pharmaceutical establishes new production facility in Yesan
HappyFresh bags $20m in series C round led by Mirae Asset, Naver
April 25, 2019
![[EXCLUSIVE] CJ to shut down Bibigo in China by August](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=152&simg=/content/image/2019/04/23/20190423000840_0.jpg&md=20190423171201)
