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With financial authorities set to finish their monthslong investigation of the sale of high-risk derivatives-linked securities and related funds, key sellers are likely to be handed down heavy penalt...
Samsung Fire and Marine Insurance and internet giant Kakao have decided to set up a digital nonlife insurance company, they said on Oct. 23. “We are pushing for a digital insurance consortium that c...
Fintech firm Viva Republica said Oct. 15 that its consortium has applied for a license to set up a new internet-only bank in South Korea. The consortium includes KEB Hana Bank and Hanwha Investme...
Seoul-based Fides Investment Management said on Oct. 10 it plans to launch a Vietnamese corporation after buying a controlling stake in Hanoi-based Thang Long Investment Management. It will become t...
Leveraged buyout tactics for mergers and acquisitions of listed companies in South Korea have triggered 34 cases of unfair practices in the wrong hands over the past five years, which swindled retail...
South Korea’s financial watchdog said Oct. 1 that commercial banks are responsible for the recent fiasco surrounding derivatives-linked securities products that put investors at risk of losing a comb...
South Korea’s initial public offering market is expected to gather ground in the fourth quarter as several large companies are seeking to make debuts on the local stock market, according to industry ...
South Korean companies’ stock and bond sales dropped 14.7 percent on-month in August, hit by a modest decline in sales of corporate bonds, data showed Sept. 30. Local companies raised a combined ...
The chief of South Korea’s central bank recognized the country’s challenges in achieving its modest 2.2 percent economic growth pace target for this year, but denied the possibility of deflation. Wh...
Lending rates on fresh bank loans dropped to new lows in August, central bank data showed Sept. 26. The average interest rate on fresh loans extended to households came to 2.92 percent in the mon...
Accumulated peer-to-peer loans in South Korea have surpassed 6 trillion won ($5 billion), data showed on Sept. 26. Outstanding P2P loans extended by 220 companies stood at 6.2 trillion won in Jun...
Seoul-based Hanwha Asset Management said on Sept. 25 that its Singaporean unit had gained regulatory approval for a public fund management business. The funds will focus on a portfolio ranging from ...
JB Financial Group said Sept. 24 it has moved to infuse South Korean cultural identity in its marketing schemes for Phnom Pehn Commercial Bank, a JB’s affiliate. To execute the plan, it has recentl...
South Korea’s state-run Industrial Bank of Korea officially launched its Indonesian unit on Sept. 19, the bank said on Sept. 20. “Based on the capabilities we have built on for the last 58 years, we...
South Korea will set up a fund of 300 billion won ($252 million) to help channel more funds into fintech firms, the head of the financial regulator said Sept. 18. Financial Services Commission Ch...
Alien Robot shows glimpse of future with robotic arm
Samsung to acquire US network service provider
Goldman Sachs, SK to invest W50b in eco-friendly cold chain logistics center
[New Analysis] Can Delivery Hero-Woowa deal reshape Korea’s food delivery market?
Tada now available for foreign phone numbers, credit card holders
DuPont to invest $28m in S. Korea to build material production line
Lime Asset’s fund fiasco weighs on local banks
SuperBin aims to raise W20B in Series B
January 19, 2020
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