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South Korea’s major financial groups posted record-breaking earnings during the first half of the year, notwithstanding external challenges that have weighed down the overall market, industry data sh...
Deutsche Securities Korea has decided to shut down its equities sales and trading business in Seoul as part of its global downsizing of investment banking entities by 2022 to achieve cost efficiency....
Kakao, the operator of South Korea’s leading messenger app KakaoTalk, got the nod from the financial regulator on July 25 to raise its stake in internet-only bank Kakao Bank. Kakao Bank, the country...
Seoul-based commercial bank KEB Hana Bank has agreed to buy a 15 percent stake in Vietnamese state-owned Commercial Bank for Investment and Development of Vietnam (BIDV) for 1 trillion won ($849.6 mi...
Shinhan Financial Group plans to set up a new unit that will take charge of venture investments, according to industry sources on July 18. The venture capital unit will operate a 200-billion-won ($1...
South Korea’s financial regulator said on July 18 it launched a squad with investigative power to effectively crack down on unfair practices in the financial market. So far, financial authorities...
The Seoul branch of Merrill Lynch has been fined 175 million won ($148,700) for the investment bank’s trading that allegedly disrupted the local stock market, South Korea’s bourse operator said on Ju...
South Korea’s financial regulator said July 16 it will receive applications in October for a third internet-only bank, as it seeks to reinvigorate the nation’s financial industry. The Financial S...
Mirae Asset Securities’ New York office CEO Jae Ryu talks about competing against global institutions on Wall Street and surviving concrete jungle NEW YORK CITY -- Located a few blocks north of the ...
Fresh loans extended to local households by banks grew at a faster pace from a month before in June, while the rise in loans to businesses significantly slowed amid sluggish demand and investment, ce...
Provincial bank-led financial institution JB Financial Group is looking to secure more mergers and acquisitions at home and abroad, once it steers clear of regulatory issues, Chairman Kim Ki-hong s...
The combined net profit of overseas branches of South Korean consumer financing companies rose 10.6 percent on-year in 2018, data showed on July 9. Overseas branches of such firms, or credit-spec...
South Korea’s top steelmaker Posco said on July 9 it has raised $500 million by selling so-called environment, social, governance bonds. The ESG bond is a type of sustainability debt offering aim...
More interbank consolidations between banking institutions will unfold in the Asia-Pacific region to achieve cost efficiency through economies of scale, and South Korean banks are not exceptions to t...
Sales of South Korea’s corporate bonds hit a record high in the first half of the year, as low interest rates prompted companies to sell more debt, data showed on July 8. The corporate debts floa...
Russia approves HDC’s Asiana takeover, final stage for merger deal cleared: HDC
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
July 08, 2020
