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South Korea’s nonlife insurers suffered a near 28 percent drop in third-quarter earnings due to a rise in their loss ratio, data showed Nov. 19. The combined net profit of nine nonlife insurance ...
Foreign currency deposits held by banks in South Korea rose sharply from a month earlier in October, central bank data showed Nov. 19. The outstanding foreign currency savings held by banks here ...
Big brokerages in South Korea saw their investment banking unit report solid profits in the first nine months of this year, overtaking commission fees as their main profit driver, data showed Nov. 18...
A local equity fund in which President Moon Jae-in invested has amassed more than 100 billion won ($85 million), fund operator NH-Amundi Asset Management said Sunday. Since its launch in August thi...
Top-tier South Korean firms such as Samsung Electronics , LG Electronics and Hyundai Motor may have to pay corporate taxes overseas due to the growing worldwide debate on digital tax, raising c...
More non-bank investors are tapping into the private debt market and are increasingly chipping away at the client base for conventional commercial lenders in North America and Europe over the past de...
Kwon Yong-won, chairman of Korea Financial Investment Association, was found dead in his house, police said Nov. 6. He was 58. His body was found in his house in Seocho-gu, Seoul at around 10 a.m., ...
The number of private funds in South Korea has fallen sharply over the past three months in the wake of alleged trading irregularities and a liquidity crisis at a major player, data showed Nov. 5. ...
International Finance Corporation, a sister organization of the World Bank and member of the World Bank Group, said on Nov. 4 it named Ryu Ji-yeon, formerly a high-level official of IFC’s fragile and...
In the first three quarters this year so far, local-based financial companies recorded almost 2 trillion won ($1.71 million) in revenue but JB Financial was the only one that saw revenue increase des...
Kwon Yong-won, chairman of the Korea Financial Investment Association, apologized on Oct. 30 for the recent revelation about his use of vulgar language and vowed not to repeat it. “I apologize for t...
Woori Financial Group said Oct. 29 its net profit came to 534.1 billion won ($458.3 million) in the third quarter. Its sales came to some 7.3 trillion won in the three months that ended Sept. 30, wi...
Woori Financial Group said Oct. 29 its net profit came to 534.1 billion won ($458.3 million) in the third quarter. Its sales came to some 7.3 trillion won in the three months that ended Sept. 30,...
The delinquency rate for South Korean banks’ won-denominated loans inched up in August due to a slight rise in the number of firms that failed to repay their debts, government data showed Oct. 29. ...
South Korean brokerages posted worse-than-expected third-quarter net profit, data from the Financial Supervisory Service showed on Oct. 27, with the lackluster performance attributed to a sluggish st...
Yanolja preps to go public in 2022
Antitrust watchdog drafts law to regulate online platforms
Kakao Pay eyes IPO next year
SC Bank Korea partners Toss to launch short-term personal loan
Big Hit’s offering price fixed at 135,000 won
Proptech startup Kasa Korea attracts W9.2b in series B funding
Korean lenders struggle with New York hotel-retail project investment
Netmarble launches storytelling game BTS Universe Story, second collaboration with BTS
October 01, 2020
