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South Korean companies and households increased their borrowing last month while greatly reducing their bank deposits, central bank data showed on May 13. In April, local households newly borrowe...
South Korea’s market for promissory notes issued by mega investment banks is expected to grow sharply this year to top the 10 trillion won ($8.5 billion) mark, industry sources said on May 13. Th...
Woori Bank, a major lender in South Korea, said May 8 that it has floated $450 million worth of sustainability bonds in Taiwan. The Formosa bonds will mature in five years and carry a floating ra...
South Korean brokerage firm Mirae Asset Daewoo has simultaneously issued a three-year dollar-denominated, socially responsible investment bond and five-year senior notes, the firm said Tuesday. This...
Woori Bank has established a strengthened anti-money laundering surveillance system whose protocols are on par with global standards to fight financial crime and strengthen compliance, the bank said ...
South Korea’s Financial Supervisory Service urged financial institutions based in Korea to foster a “long-lasting relationship” with Southeast Asian countries in a closed-door seminar held April 19. ...
South Korea launched its mobile robo investing apps for the first time on April 17. They not only provide financial advice, but also manage customer’s investments without human intervention. Courtes...
Banco Hyundai Capital Brasil has been launched with initial capital of 300 million Brazilian reais ($76.8 million) to support customers and dealers of carmaker Hyundai Motor with financial services, ...
Dividend payouts by South Korean firms listed on the main bourse fell slightly last year, data showed on April 11. According to the bourse operator, the Korea Exchange (KRX), 545 out of 753 Kospi...
The growing pace of South Korean households’ borrowing slowed down for two years in a row last year amid the government-led tough regulations to tighten mortgage loans aimed at curbing soaring housin...
South Korea’s personal pension savings rose 4.9 percent last year from a year ago, thanks to robust demand for nest eggs after retirement, data showed on April 9. The nation’s personal pension sa...
The number of South Koreans who filed for a personal debt bailout program rose in the first quarter, data showed on April 8, as the nation’s economy slows down over weak investments, global trade dis...
The chief of South Korea’s financial supervisory body on April 5 stressed “inclusive finance” and “responsible innovation” as the key drivers of its regulatory oversight this year as the country prep...
The financial watchdog said on April 2 it will encourage some insurers to raise more capital this year as the nation’s insurance industry prepares to adopt stricter global accounting rules. Under...
Household lending extended by South Korea’s major banks continued to rise in March, with loans for self-employed businesses showing marked growth, market data showed on April 2. The country’s fiv...
YouTube introduces 12 promising game content creators
NYC accelerator ERA invests in S. Korean esports firm
Hugel’s operating profit reaches W18.2b in Q3
Korean companies eye global cosmetics brand Physiogel
DamoGo aims to make impact by reducing food waste
MashUp Angels funds tech startup Lion Rocket
HDC-led consortium close to controlling Asiana
KEB Hana becomes 2nd-largest shareholder of BIDV
November 14, 2019
