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South Korean households have become less fiscally sound despite their debt growing at the slowest pace in over 15 years, a central bank report said Dec. 26. Outstanding household debt, including ...
South Korean and foreign securities firms saw their combined net profit fall 28.5 percent in the third quarter from a quarter earlier due in part to declines in commission fees, data showed Dec. 24. ...
The Tina River Hydropower Project, an infrastructure development project in the Solomon Islands involving South Korean companies, has secured a combined $240 million investment pledge from six invest...
The value of South Korea’s investment funds exceeded 660 trillion won ($553 billion) last month, driven by an increase in money market funds and real assets funds amid lingering uncertainties from th...
Foreign investors in South Korea continued to recoup investments from the local bond market for three consecutive months, dragging the amount of locally listed bonds held by them to the lowest level ...
South Korea’s pension fund National Pension Service said on Dec. 4 it has picked five investment houses and earmarked some 200 billion won ($167.6 million) for its investment in startups, in a bold m...
Three South Korean institutional investors on Dec. 3 declared an end to coal exposure in their portfolios. This comes in line with the global push for responsible investment principles, such as envi...
South Korea’s financial watchdog chief expressed concerns Dec. 2 over financial companies’ practices of seeking short-term gains, citing the recent misselling of derivative products that led to huge ...
South Korea’s National Pension Service decided on Nov. 29 to hold off on plans to implement guidelines to influence its portfolio firms’ behavior amid controversy surrounding the guidelines. After a...
JB Financial Group Chairman Kim Ki-hong shared his vision in the changing industry landscape with new staff, the company said Nov. 28. Kim urged some 90 entry-level employees of Jeonju-based Jeonbu...
Asset management companies in South Korea saw their combined third-quarter profit fall on-quarter, hit by a sharp decline in their investment income, data showed Nov. 26. The combined net profit ...
The delinquency rate for South Korean banks’ won-denominated loans edged down in September due to a slight decline in the number of firms that failed to repay their debts, government data showed Nov....
Sluggish economic growth and a bleak stock market outlook have pushed South Korean securities firms to expand their horizons by turning to real estate investment. While some brokerages prefer to ope...
The excessive level of committed investments and acquisitions of South Korean nonfinancial companies add to the negative outlook for 2020, coupled with a slowing economy at home and abroad and downsi...
South Korea’s nonlife insurers suffered a near 28 percent drop in third-quarter earnings due to a rise in their loss ratio, data showed Nov. 19. The combined net profit of nine nonlife insurance ...
E-commerce giant launches video streaming service Coupang Play
Vice minister warns against market overheating during crisis management
Posco International invests in local laser cutting application firm
SK sets up hydrogen business group
Naver Cloud, GS Global join hands for overseas market
S. Korea invests $9.8m in World Bank green trust fund
Korean Air to sell Incheon yacht marina
Apple to make harder push in Korea with 2nd Apple Store
January 16, 2021
