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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...
Investments supported by so-called robo advisors, or computer programs that make financial decisions, outperformed the overall market in South Korea last month, when the local stock market remained b...
SK Holdings, the holding company of the country’s energy-to-telecom-focused SK Group, said on Sept. 10 it plans to launch a $1 billion investment fund with the Korean Teachers’ Credit Union next mont...
Real estate trust firms in South Korea saw their combined net profit fall 7.7-percent on-year in the first half, data showed on Sept. 10. The combined net profit of 11 real estate trusts stood at...
South Korea’s credit card firms saw their combined earnings fall in the first half, hit by a decline in credit card processing fees, data showed on Sept. 9. The combined net profit of eight card iss...
JB Financial Group obtained certification from the British Standards Institution proving it has appropriate systems in place to prevent bribery and corruption, it said Sept. 2. The certification, ca...
Techstars Korea to accept applications for 1st batch through March 2020
Celltrion presents Truxima’s results of phase 3 clinical trials in US forum
LG Chem, GM deal ups ante in EV battery competition
Power market open to private firms, price hike needed for green energy expansion
Foreign investors’ bond holdings hit 6-month low
Hanwha’s investment in Overair gets all-clear signal for takeoff
Half of Hyundai Kia cars sold in US are SUVs
KT’s epidemic prevention platform launches in Kenya
December 10, 2019
