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[THE INVESTOR] Korea’s financial regulator on April 9 launched a special inspection into Samsung Securities over the brokerage’s “fat-finger” trading chaos, which saw non-existent stocks paid to its...
[THE INVESTOR] Samsung Securities’ CEO Koo Sung-hoon on April 8 issued an apology on behalf of the brokerage. This was two days after the firm mistakenly deposited 2.8 billion nonexistent company ...
[THE INVESTOR] Despite Samsung Securities’ frantic attempts to address one of its biggest technical “glitches” to date, the question that’s forming now is whether it was actually a mistake. And t...
[THE INVESTOR] Shares of Samsung Securities tumbled more than 10 percent on April 6 after the firm mistakenly sent its employees stock dividends. Under an employee stock ownership plan, the brokera...
[THE INVESTOR] K bank, Korea’s first internet-only bank, is seeking a capital increase of at least 100 billion won (US$94.50 million), according to industry sources on April 5. The one-year-old ban...
[THE INVESTOR] Mirae Asset Financial Group plans to set up a private equity fund worth 280 billion to invest in China’s car-on-demand giant Didi Chuxing, the company said on April 5. Mirae Asset wi...
[THE INVESTOR] Foreign bank branches in Korea saw their combined net profit fall 10.6 percent in 2017 from a year earlier, data showed on April 4. The combined net income of 38 foreign lenders‘ ...
[THE INVESTOR] Korea’s cryptocurrency exchange operators reaped huge profits in 2017 on the back of the national frenzy over digital money, data showed on April 4. The annual turnover of BTC Kor...
[THE INVESTOR] Banks and financial holding companies pay better salaries than credit card and insurance firms, but the wage gap between men and women is stark across the finance industry, an analysi...
[THE INVESTOR] The delinquency rate for Korean banks’ won-denominated loans edged up in February due to a slight rise in the number of people who failed to repay their debts, government data showed ...
[THE INVESTOR] Korea’s nine financial holding firms saw their combined net profit jump last year, thanks to a sharp gain in interest income, government data showed on April 2. The combined net p...
[THE INVESTOR] Korea’s financial watchdog on April 2 confirmed the role of its former Gov. Choi Heung-sik in the 2013 hiring scam at KEB Hana bank, noting that 32 people were hired illegally. The r...
[THE INVESTOR] Local banks reduced their workforces and branch offices last year by the greatest number since 2000, with digitalization-driven downsizing accelerating, data from the financial regula...
[THE INVESTOR] Kakao Bank seems to have made an impact on the uber-conservative Korean banking industry. Shinhan Bank, one of the nation’s top three banks, has announced that it will dedicate a sep...
EosBLACK platform offers ICO alternative
Contract dispute between Reyon and ViroMed deepens
Schindler claims W300b from Korean government over Hyundai Elevator
Woori Bank’s net profit jumps 19 percent to 11-year high in H1
Uniqlo’s sister brand GU to enter Korea in September
Neptune, Dunamu & Partners invest in blockchain gamemaker Memory
Korea’s top institutional investor eyes realty in major US cities
Woori Card to boost capital in microfinance subsidiary in Myanmar
July 21, 2018
