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Weeks following the Korean financial regulator’s rejection of its request to set up the nation’s third and fourth internet-only banks, Toss Bank may have to draw up a fresh list of strategic investor...
The Financial Supervisory Service is seeking disciplinary action against the Korea Securities Depository and nine brokerage houses in South Korea for their lack of internal control in terms of tradin...
Seoul-based investment company Rhinos Asset Management said on June 4 that it had opened a wholly owned overseas subsidiary in Mongolia a day prior. This marks the first time that a foreign entity h...
Banks in South Korea saw their financial health deteriorate slightly in the first quarter of this year as tighter credit-risk rules prompted them to set aside more capital for derivatives, data showe...
The amount of international money transfers handled by South Korea’s fintech firms have increased more than 25 times over the past year, hinting at the growing popularity of small-sum cross-border mo...
Corporate loan growth in South Korea accelerated in the first quarter from three months earlier, central bank data showed on May 29, possibly indicating that companies may consider investment in the ...
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...
Non face-to-face food ordering services popular amid social distancing trend
SendBird boosts in-app API with voice, video functions
Hosts angry at Airbnb for COVID-19 policies
NPS contemplates stance on fate of Hanjin KAL chairman
Kakao’s co-CEOs to serve another 2-year term
Remote work culture finally takes off in Korea, but will it stick?
SmartStudy revenue soars fueled by overseas performance
Brokerages on risky structured bets to take quick breather
March 30, 2020
