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A local equity fund in which President Moon Jae-in invested has amassed more than 100 billion won ($85 million), fund operator NH-Amundi Asset Management said Sunday. Since its launch in August thi...
Top-tier South Korean firms such as Samsung Electronics , LG Electronics and Hyundai Motor may have to pay corporate taxes overseas due to the growing worldwide debate on digital tax, raising c...
More non-bank investors are tapping into the private debt market and are increasingly chipping away at the client base for conventional commercial lenders in North America and Europe over the past de...
Kwon Yong-won, chairman of Korea Financial Investment Association, was found dead in his house, police said Nov. 6. He was 58. His body was found in his house in Seocho-gu, Seoul at around 10 a.m., ...
The number of private funds in South Korea has fallen sharply over the past three months in the wake of alleged trading irregularities and a liquidity crisis at a major player, data showed Nov. 5. ...
International Finance Corporation, a sister organization of the World Bank and member of the World Bank Group, said on Nov. 4 it named Ryu Ji-yeon, formerly a high-level official of IFC’s fragile and...
In the first three quarters this year so far, local-based financial companies recorded almost 2 trillion won ($1.71 million) in revenue but JB Financial was the only one that saw revenue increase des...
Kwon Yong-won, chairman of the Korea Financial Investment Association, apologized on Oct. 30 for the recent revelation about his use of vulgar language and vowed not to repeat it. “I apologize for t...
Woori Financial Group said Oct. 29 its net profit came to 534.1 billion won ($458.3 million) in the third quarter. Its sales came to some 7.3 trillion won in the three months that ended Sept. 30, wi...
Woori Financial Group said Oct. 29 its net profit came to 534.1 billion won ($458.3 million) in the third quarter. Its sales came to some 7.3 trillion won in the three months that ended Sept. 30,...
The delinquency rate for South Korean banks’ won-denominated loans inched up in August due to a slight rise in the number of firms that failed to repay their debts, government data showed Oct. 29. ...
South Korean brokerages posted worse-than-expected third-quarter net profit, data from the Financial Supervisory Service showed on Oct. 27, with the lackluster performance attributed to a sluggish st...
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...
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
