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South Korea’s nine financial holding firms saw their combined net profit rise 6.8 percent on-year in 2018, helped by a solid gain in interest income, data showed on April 1. The combined net prof...
South Korean savings banks’ loans extended to self-employed businesses spiked more than 30 percent in the fourth quarter of last year, data showed on April 1. Lending for self-employed extended b...
The number of South Korean firms that have delayed the filing of their annual reports this year nearly doubled compared to last year, data released by the nation’s main bourse operator showed, in a p...
South Korea’s credit card firms saw their combined earnings rise 12.3 percent in 2018, helped by increased card usage and higher income from loans, the financial regulator here said on March 28. ...
South Korea’s internet banking service rose at a fast clip last year with the number of daily transactions, and total value, reaching record highs, central bank data showed on March 28. The numbe...
South Korea’s five major financial holding companies vowed on March 27 to expand their capital spending to better support innovative growth among smaller firms. Under the plan, the five entities ...
The state Export-Import Bank of Korea said on March 27 it has provided a payment guarantee for 70 million Singapore dollars ($51.73 million) worth of bonds issued by CJ Logistics’ unit in the country...
Real estate trust firms in South Korea saw their combined net profit edge up in 2018, data showed on March 26, amid signs of an adjustment in the property market. The combined net profit of 11 re...
A senior financial regulator on March 26 called for financial firms to improve their internal control systems and governance structures, citing various risks that could weaken the nationa’s financial...
BNP Paribas, France’s biggest bank, will strive hard to promote its sustainable finance in South Korea as it seeks to arrange more funds for projects that make a positive impact on the environment an...
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...
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
