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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...
The following is the full text of the Bank of Korea’s statement on its monetary policy decision for February. The central bank’s monetary policy board decided on Feb. 28 to freeze the benchmark rate ...
The financial regulator said on Feb. 28 it will ban banks from having exposures surpassing 25 percent of core capital, in line with stricter global banking regulations. Global financial regulators a...
Overseas investments made by Korean institutional investors grew at the slowest pace in five years last year due mainly to sluggish global stock markets, the central bank said on Feb. 27. The value ...
The financial regulator has voiced worries about a bid by the chief executive of KEB Hana Bank for a second term, citing his indictment over hiring irregularities, an industry source said on Feb. 27....
The head of the financial regulator on Feb. 26 urged insurance firms to make their policies easier to understand and explain plans in simpler terms. Choi Jong-ku, chairman of the Financial Services ...
Banks have agreed to fully open their payment systems to financial technology firms, the head of the financial regulator said on Feb. 25, in a move that will provide a level playing field for new pla...
Hana Financial Group announced on Feb. 19 that it will partner with Kiwoom Securities and SK Telecom to form a consortium to establish an internet-only bank. The three firms are seeking to win state...
Samsung to ramp up Galaxy Fold production
Woongjin defers final bid for Coway to Oct.
Sae-A to acquire fiberboard maker Tailim Packaging
Video-streaming war heats up in S. Korea
YG faces W6b tax penalty as Burning Sun scandal unfolds
Aveva to upgrade integrated industrial software in digital push
Ghost Kitchen secures additional W9.2b
Medytox invests in US startup LifeSprout
September 19, 2019
