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[ THE INVESTOR ] General Electric announced Feb. 1 (local time) that it has signed a deal to sell its entire 43 percent stake in South Korean credit card firm Hyundai Card as part of the US indust...
[ THE INVESTOR] The internet-only K-Bank, which is expected to launch operations in late February, has become a new member of the Korea Federation of Banks as of Jan. 31, the KFB said. It is the f...
[ THE INVESTOR ] Profits at South Korea’s major securities firms declined in 2016 mainly due to weaker stock transactions and losses from derivatives and bond investments, amid rising bond yields, ...
[ THE INVESTOR ] Korea’s major lender Kookmin Bank said it will team up with KB Securities to offer integrated wealth management services from February. KB Financial Group has set up a new adv...
[THE INVESTOR] Korea’s major financial groups are likely to witness their 2016 annual profits rise from a year earlier, on profits from increased lending and reduced costs in risk management, indust...
[THE INVESTOR] South Korea’s pension behemoth is suffering an exodus of fund managers ahead of its planned relocation from Seoul to Jeonju, North Jeolla Province, in late February, according to news...
[ THE INVESTOR ] Bank lending rates on new household loans inched up in December, central bank data showed on Jan. 26. The average interest rates on fresh household loans extended by local banks r...
[THE INVESTOR] The Financial Supervisory Service has put a 10 million won (US$8,631) bounty on voice phishing suspects. On Jan. 26, the FSS posted recordings of five suspects on its anti-voice phis...
[ THE INVESTOR ] South Korea’s finance minister vowed on Jan. 23 to carry on restructuring and supporting troubled industries this year, urging two state-owned policy lenders to continue their effo...
[ THE INVESTOR ] Recently privatized Woori Bank said its outside directors decided Wednesday to renew the term of its current CEO Lee Kwang-goo, who led the bank’s long-awaited privatization alon...
[ THE INVESTOR ] Woori Bank announced on Jan. 24 that it has won approval from the Polish financial regulatory authority to open a representiative office in the eastern European country. Woori B...
[ THE INVESTOR ] The value of merger and acquisition deals in South Korea in 2016 almost halved from the previous year due to the lack of mega deals amid the influence-peddling scandal, according t...
[THE INVESTOR] South Korea and Hong Kong will share financial information on residents starting 2019, the Ministry of Strategy and Finance said on Jan. 23. According to the ministry, the two sides ...
[ THE INVESTOR ] The Export-Import Bank of Korea will reduce total corporate funding this year but enhance support for prospective firms and small and medium-sized enterprises to help revive the lo...
[ THE INVESTOR ] The South Korean won has advanced 3.2 percent against the US dollar so far this year, the best performer among major currencies, making a turnaround from its sharp fall in the pas...
Celltrion could attract W300b with KOSPI relisting
FTC chief urges Hyundai to tackle governance structure
Samsung Galaxy Note 8 ditches ATL batteries
Samsung invests W5b in Cyworld for AI platforms
[DECODED X] Thank you, Mr. President!
Samsung Galaxy S9 to reduce reliance on Qualcomm chips
Celltrion denies regulatory hurdles for Herzuma in EU
TMON to spin off tourism biz to attract capital
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