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Shares of Woori Financial Group will start being traded on the country’s main stock exchange this week, Korea’s bourse operator said on Feb. 12. The initial public offering slated for Feb. 13 cam...
Funds invested in Korean stocks dropped sharply last month as investors moved to lock in profits from the market’s bull run, data showed on Feb. 11. The net capital outflow reached a massive 630....
The average loan-deposit spread of Korean banks rose to a five-year high in 2018, which is forecast to lead to record-high interest earnings, data showed on Feb. 11. According to the data from th...
The government is seeking to raise individuals’ investment ceiling for peer-to-peer lending, while bolstering regulations to protect investors, officials said on Feb. 11. P2P lending is largely u...
Amid slowing momentum in the banking industry and rising competition from fintech players, major financial groups are looking to break away from the status quo and design a new business paradigm. I...
Major brokerage firms reported worse-than-expected earnings in the fourth quarter of last year, with analysts citing increased market volatility coupled with a slump in the nation’s equity-linked sec...
Accommodative monetary policy increases commercial banks’ appetite for risky assets as they try to seek higher profits amid a low interest rate trend, a report said on Feb. 10. “When market interest...
[THE INVESTOR ] Hana Financial Group announced on Feb.1 that it has recorded a record high net profit in 2018 on the back of solid interest income. Net profit of the major Korean banking group stoo...
[THE INVESTOR] JB Financial Group reported a record high net income last year, backed by increased earnings from interest and cost-saving efforts, the group said on Jan. 29. The group recorded 321...
[THE INVESTOR] Korea’s four major cryptocurrency exchanges have joined forces to tackle money laundering via the digital currency market, sources here said on Jan. 28. The four entities -- Bithu...
[THE INVESTOR] Hana Financial Group announced on Jan. 21 that it has kicked off two projects on its in-house venture platform. Korea’s third-largest financial group in terms of net profit has been ...
[THE INVESTOR] Korea’s KB Kookmin Bank and Shinhan Bank held nationwide meetings to review and recognize last year’s business performance and set fresh operational strategies for 2019, as the countr...
[THE INVESTOR] Korea's antitrust watchdog said on Jan. 20 that it has fined four foreign banks 693 million won (US$618,000) for fixing the prices of foreign exchange derivatives and selling them to ...
[THE INVESTOR] Korea's state-run pension fund suffered valuation losses from its investment in the country's 10 major conglomerates due to declines in their stocks, data showed on Jan. 20. The Nati...
[THE INVESTOR] Mirae Asset Capital and internet giant Naver have decided to invest 56 billion won (US$50 million) in Indonesian e-commerce startup Bukalapak, seeing its great potential, according to...
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
