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Two financial subsidiaries of South Korean mobile messenger giant Kakao are taking a step toward initial public offerings next year, picking up an additional underwriter and securing investments from...
Hanwha Asset Management said on Oct. 27 its wholly owned Chinese unit has been granted a private fund management license for mainland China. A PFM license, approved by the Asset Management Associa...
Woori Financial Group said on Oct. 26 that its third-quarter net profit dropped 1.13 percent on-year to 479.8 billion won ($425 million). The figure was calculated based on the respective sizes of ...
NH NongHyup Bank said on Oct. 26 it has launched its branch office in Yangon, the largest city of Myanmar to expand its presence in the Southeast Asian country. The establishment of Yangon-based br...
Shinhan Financial Group said on Oct. 22 that it had signed a memorandum of understanding with the Vietnamese subsidiary of Singapore-based ride-hailing giant Grab to jointly develop new digital finan...
South Korea’s sovereign wealth fund Korea Investment Corp. was seeing a stock price fall in Ontario-based marijuana maker Canopy Growth, as its $18 million bet on the company lost glitter in the fir...
London-based financial intelligence company PEI said Oct. 19 it planned to hold PDI Seoul Forum Virtual Experience on Nov. 10. The virtual event, organized by PEI’s publication Private Debt Invest...
Share price of Big Hit Entertainment, an entertainment agency behind K-pop boy band BTS, slid for two straight days right after the high profile initial public offering on Oct. 15. The company’s st...
Standard Chartered Bank Korea, KB Financial Group and Mirae Asset Daewoo were recognized for their best practices in corporate governance and ESG management, respectively, the companies said Wednesda...
Kids Note, an operator of a mobile platform for nursery schools and parents in South Korea, said on Oct. 13 it was preparing to go public in 2022. As part of its initial steps for the planned in...
Shinhan Financial Group said Oct. 12 that minority shareholder BNP Paribas has bought a stake worth an undisclosed amount in the South Korean banking group by securing the minimum threshold to keep t...
Amid fierce backlash from retail investors on the Korean government’s major shareholder standards, the Finance Ministry is currently mulling to alter its plan to define retail investors with shares w...
Yoo Myung-soon, interim chief executive officer of Citibank Korea, was recommended as the sole candidate for the bank‘s top post, paving the way for her to become the first female CEO of the local br...
Kyochon F&B, South Korea’s largest fried chicken franchise, will go public next month, aiming to secureup to 71.3 billion won ($61.4 million) of funding. According to the company’s securities repor...
Within less than an hour, nearly 2.7 trillion won ($2.32 billion) flowed into brokerages handling a two-day public subscription for shares of Big Hit Entertainment, the agency behind K-pop sensation ...
Hanwha Asset gains PFM license for mainland China
Woori Financial’s Q3 net profit drops 1.13%
NH NongHyup sets up Myanmar branch
Kakao to raise $300m in Singapore to muster up M&A dry powder
Shinhan Financial, Grab partner on digital finance services in Vietnam
Car sharing startup Socar becomes 12th unicorn in S. Korea
S-Oil invests in startup developing safe water solution
KIC under fire for investing in money-losing marijuana stocks
October 28, 2020
