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South Korea’s asset management companies’ combined net profit has shrunk by over half on-year in the first quarter, data showed on June 11. The net income of 300 AMCs here came to 116.4 billion won...
K bank is working to resume its operations in July after a monthslong hiatus due to liquidity problems, according to industry insiders on June 9. South Korea’s first internet-only bank recently ann...
South Korea’s investment firm Mirae Asset Global Investments said on June 3 it is eyeing its first initial public offering for its real estate investment trust followed by a listing on the nation’s m...
South Korean social casino game developer and publisher DoubleDown Interactive is seeking to get listed on the tech-heavy Nasdaq bourse in the United States, according to its prospectus on June 3. F...
Tension mounted on June 2 as executives of Hana Financial Group joined the legal battle against financial authorities for imposing penalties over the misselling of risky derivatives-linked financial ...
South Korea’s biotech firm SCM Lifescienc said on June 1 it has decided to lower its initial public offering price range to attract more investors for its market debut this month on the tech-heavy Ko...
The rate of bailout funds recouped from companies that borrowed from the government since the 1997 Asian financial crisis rose 0.1 percent in the first quarter to 69.3 percent, the country’s financia...
The South Korean music label behind K-pop sensation BTS has filed for a preliminary review for an initial public offering, according to the nation’s stock market operator Korea Exchange (KRX) on May ...
South Korean listed companies‘ dividend payouts slipped nearly 2 percent in 2019 from a year earlier amid a business slump, data showed on May 27. Cash dividends paid out by 1,094 firms listed o...
Buttressed by the buying spree of retail investors and expansion of liquidity, South Korea’s stock market recovered to the psychologically important 2,000-point mark, rebounding faster than other maj...
South Korean financial giant Mirae Asset Group is likely to resume its drive to launch a mega-sized investment bank as authorities on May 27 decided not to request a prosecutorial probe for conducti...
One Equity Partners, a spinoff of JPMorgan dedicated to middle market investment, is reportedly looking to unload part of its stake in South Korea’s drug distributor Celltrion Healthcare through a bl...
Acleda Bank, the biggest commercial bank in Cambodia, said Monday it was listed on the Cambodia Securities Exchange in which the Korea Exchange (KRX) has invested. The Cambodian bank had assets of $...
State-run lender Industrial Bank of Korea and its New York branch have been fined $86 million by the Attorney General’s Office for allegedly failing to manage their anti-money laundering program, doc...
South Korean stocks opened higher on May 21 on encouraging news about another candidate vaccine for the new coronavirus, or COVID-19, in the US. Extending gains for the fifth consecutive day, the n...
NH NongHyup launches biometric boarding service
Ex-presidential adviser named head of Korea’s sovereign wealth fund
KakaoBank’s Q1 net profit jumps 150%
KB Asset raises W1tr for AMP Capital’s infra debt funds
Climate response fund to be set up in 2022 to bolster renewable energy transition
Middle-income households see sharpest drop in spending
MMAA hires ex-Lotte insurance CIO
Real estate fiasco sidelines Moon’s income-led growth drive
May 19, 2021
![[Market Close-up] S. Korean stock market recovers faster than other markets](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=155&simg=/content/image/2020/05/27/20200527000702_p.jpg)
