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South Korea’s credit card firms saw their combined earnings rise 12.3 percent in 2018, helped by increased card usage and higher income from loans, the financial regulator here said on March 28. ...
South Korea’s internet banking service rose at a fast clip last year with the number of daily transactions, and total value, reaching record highs, central bank data showed on March 28. The numbe...
South Korea’s five major financial holding companies vowed on March 27 to expand their capital spending to better support innovative growth among smaller firms. Under the plan, the five entities ...
The state Export-Import Bank of Korea said on March 27 it has provided a payment guarantee for 70 million Singapore dollars ($51.73 million) worth of bonds issued by CJ Logistics’ unit in the country...
Real estate trust firms in South Korea saw their combined net profit edge up in 2018, data showed on March 26, amid signs of an adjustment in the property market. The combined net profit of 11 re...
A senior financial regulator on March 26 called for financial firms to improve their internal control systems and governance structures, citing various risks that could weaken the nationa’s financial...
BNP Paribas, France’s biggest bank, will strive hard to promote its sustainable finance in South Korea as it seeks to arrange more funds for projects that make a positive impact on the environment an...
Shinhan Financial Group said on March 21 it has decided to break up its partnership with Viva Republica, operator of the popular mobile payment app Toss, and not bid for South Korea’s third internet-...
South Korean savings banks reported a 3.9-percent gain in their combined net profit for last year, supported by a modest rise in interest income, data showed on March 19. The combined net income ...
China Minsheng Investment Group’s default, even if it happens, will have a limited impact on Hana Financial Group, which has made a series of investments in subsidiaries of China Minsheng Investment,...
The financial watchdog said on March 18 it has set guidelines for the valuation of unlisted stocks when they are subject to external audits. Calculating a “fair value” of unlisted stocks has beco...
Starting this week, South Korea’s financial watchdog is rolling out an artificial intelligence app for mobile devices that automatically detects “voice phishing” scams -- a crime that last year conn...
The total cash dividends of South Korea’s four major financial groups topped 2.5 trillion won ($2.23 billion) in 2018, according to reports on March 10. KB Financial, Shinhan Financial, Woori Financ...
The financial regulator said on March 5 it will beef up its monitoring of wrongdoing and illegal practices by unregistered investment advisory firms to better protect retail investors. The Financ...
Korean securities firms saw their combined net profit rise last year, fueled by higher fees from brokerage commission and investment banking services, data showed on March 5. The combined net pro...
Samsung rumored to expand US chip plants amid Japan’s trade curbs
Finda bags W4.5b series A funding to enhance paperless loan platform
Blank focuses on expanding new businesses before IPO
True Balance launches e-commerce function
Priceza CEO hopes to change Thailand’s e-commerce landscape
Stocks held by K-pop agency owners plummet
Samsung seeks to diversify smartphone display, battery suppliers
Korea to make all-out efforts to lift Japan’s export restrictions
July 22, 2019
