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The state-run Industrial Bank of Korea agreed to pay $86 million (100 billion won) to the the US authorities in penalties over illegal cash transfer to Iran, the bank said on April 21. As part of i...
Amid concerns building over risks of individual investors seeking short-term profits, a local expert said Monday that the latest buying trend will likely result in great success in the long run. “R...
South Korean battery maker SK Innovation will supply electric vehicle batteries to the Beijing Automotive Industry Holding Co., or BAIC, after winning out against state-sponsored Chinese competitors...
Mirae Asset Financial Group said on April 16 it has sold Nasdaq-listed German drugmaker BioNTech for $37 million, earning a hefty profit from its previous investment of $15 million. The German comp...
State-run policy lender Korea Development Bank is in talks with South Korea’s private equity firm JC Partners to sell a life insurer unit as part of its restructuring process, an industry source said...
Seoul-based global startup accelerator SparkLabs said on April 13 it has joined hands with nonbanking lender Shinhan Capital to create a 10.1 billion won ($8.28 million) fund to support early-stage ...
South Korea’s buyout fund VIG Partners said on April 10 it plans to acquire the nation’s leading funeral service firm Preedlife. While neither the acquisition price nor the amount of stake were dis...
Major South Korean lenders are gearing to start business in Myanmar, hoping to sustain their momentum in the Southeast Asian region. Korea Development Bank, Industrial Bank of Korea and KB Kookmin ...
Facing a looming liquidity crunch due to the coronavirus crisis, South Korean companies have sold off their assets, including real estate and equities, to keep enough cash in their vaults, according...
South Korean brokerages are on high alert as funds related to foreign real estate -- and their direct investment in property ownership abroad -- are likely to suffer losses under the intensifying pan...
Hotel Shilla, a South Korean operator of luxury hotels and duty-free shops, has closed a $121 million transaction to buy a 44 percent stake in US duty-free shop operator Travel Retail Group Holdings,...
The number of cyberattacks in South Korea spiked in the first quarter this year, due to the number of people working remotely amid the novel coronavirus outbreak, according to SK Infosec on April 6. ...
Aerospace and defense firm LIG Nex1 said April 3 it had acquired a 20 percent stake in Microinfinity, a domestic firm that makes navigation sensor chips for unmanned aerial vehicles. According to LI...
Ion Investments, an affiliate of Singaporean investment firm Temasek Holdings, sold millions of shares of South Korea’s biosimilar giant Celltrion and its distribution affiliate Celltrion Healthcare ...
The volume of proposed mergers and acquisitions in South Korea has shrunk to about half in the first quarter of 2020, reflecting the impact of the novel coronavirus, data showed Thursday. The first ...
Hyundai Mobis invests W25b in US tech funds for future mobility
Korean PEF inches closer to KDB Life acquisition
Authorities to expand local companies’ access to financial database
Kakao Pay Securities highlights fun factor in stock trading
Watchdog urges full compensation for damages from ponzi-involved Lime fund
Seoul emerges top 20 in global startup ecosystem report
FSS finds no proof on alleged hacking attempts of Toss: sources
Chunlab launches health care services centering on feces analyzation
July 02, 2020
