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Shinhan Investment, a brokerage unit of major banking group Shinhan Financial Group, said on May 29 it has delayed a rights offering worth 660 billion won ($552.8 million) by about two months. Th...
Non-performing loans at South Korean banks edged up in the first quarter from three months earlier, due to a slight rise in overdue corporate loans, data showed on May 28. The ratio of bad loans ...
Index maker and analytics data provider MSCI has appointed Tay Kim as the chief of its South Korean unit, filling a post that had been vacant since early last year, the US firm announced May 20. Kim...
Financial crimes in South Korea fell 10.5 percent on-year in 2018, data showed on May 14, but authorities vowed to boost efforts to prevent crimes at banks and other financial institutions. The f...
South Korean financial institutions plan to spend a total of 585 billion won ($492 million) this year to adopt new technologies, such as artificial intelligence and big data analytics, data showed on...
South Korean banks reported a 14.2-percent fall in their combined net profit for the first quarter, hit by investment losses and costs related to job cuts, data showed on May 14. The combined net...
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...
Samsung’s financial units brace for changes with new CEOs
S. Korea to launch financial data exchange platform in March
Student-led venture vibe livens up Seoul basement
S. Korea considering imposing 20% tax on cryptocurrencies
Alien Robot shows glimpse of future with robotic arm
Self-driving cars with lidar tech likely to hit Seoul roads soon
Samsung to acquire US network service provider
Goldman Sachs, SK to invest W50b in eco-friendly cold chain logistics center
January 27, 2020
