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Hana Financial Group, one of South Korea's top four finance conglomerates, has joined hands with Credit Agricole Corporate and Investment Bank to strengthen cooperation in expanding its business in Europe, the firm said Friday. The two entities have signed an agreement to expand cooperation in cor...
South Korean environmental and energy solution provider City Oil Field, said Friday it signed a contract to supply decomposition oil derived from waste plastic to Vietnam’s Nam Anh Joint Stock Company. City Oil Field CEO Jeong Yeong-hun and Nam Anh JSC CEO Van Vien Thong signed the purchase agree...
In the domestic market, attention is being directed towards the growth potential of M&A activities for small and medium-sized enterprises, also with initiatives planned to support the completion of M&A transactions by targeting companies with business succession plans. Regarding the international ...
Complaints filed against AliExpress, the e-commerce retail platform of China's Alibaba Group, in South Korea nearly tripled in 2023 from a year earlier, a state-run consumer organization said Friday. The number of complaints submitted to the Korea Consumer Agency (KCA) against AliExpress jumped to...
Korea failed to join the World Government Bond Index, a global benchmark that measures the performance of sovereign bonds, but it remains hopeful as the index provider gave a positive evaluation of its latest efforts to improve market accessibility. The WGBI, managed by Financial Times Stock Excha...
Lee Bok-hyun, head of South Korea's Financial Supervisory Service, pledged Thursday to promote "sound and fair finance," aiming to enhance the country's allure as an investment destination for foreign investors. Lee addressed officials from global financial firms and foreign diplomats during the a...
South Korean IT solutions provider LG CNS said Thursday it has agreed to establish a joint venture with one of the largest conglomerates in Indonesia to strengthen digital transformation innovation in the 16th largest economy in the world. Under the agreement, LG CNS and Sinar Mas Group will set u...
The head of South Korea's financial regulator vowed Thursday to promote "sound and fair finance," stressing the need to help revitalize the economy amid high interest rates and inflation. Lee Bok-hyun, governor of the Financial Supervisory Service (FSS), stressed the need to further develop and pr...
Korean banks have rolled out a financial package worth around 600 billion won ($444 million) to support small business owners and young people, with an aim to share their profits, according to the Korea Federation of Banks, an organization representing the lenders, Wednesday. The funding is a foll...
Korean institutional investors are pumping money into the Indian market to avail opportunities from the fastest-growing major economy’s robust domestic demand and infrastructure projects. With estimates suggesting the economy could expand by 7 to 8 percent this year and the Indian government's po...
In January, Hyundai announced a substantial increase in its investment in India, with an additional 1 trillion won invested in Talegaon. Together with its initial investment in Tamil Nadu, the total investment adds up to 4 trillion won. The new investment aims to transform the GM auto plant that H...
Yoon Byung-un, an investment banking veteran, officially took office as the CEO of local brokerage house NH Investment & Securities, after winning approval at the annual shareholders’ meeting Wednesday. “We must be ready to make another leap without being satisfied with the present. The first pa...
SK On, an electric vehicle battery maker affiliated with SK Group, said Wednesday that it has partnered with Italian sports car maker Ferrari to advance innovation in battery cell technology. The two companies signed a memorandum of understanding at SK’s headquarters building in Seoul on Tuesday,...
South Korean banks are poised to bolster their presence in Poland, anticipating a surge in demand for financial assistance as the two nations deepen their strategic alliances and economic ties. On Tuesday, KB Kookmin Bank, one of the country's leading lenders, announced a partnership with Poland's...
Recognizing the expansion of the foreign population in Korea, banks are striving to improve access for foreign residents here by providing customized services from the point of arrival to departure. As Foreign nationals are expected to take up a more significant portion of Korea’s demographics am...
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
S-Oil donates W560m to support firefighters
LG CNS teams up with Yonsei University to nurture AI specialists
Polestar 4 to make Korean debut in June
S. Korea pledges W23tr venture capital fund for green investment at G20 meeting
Sungsimdang outperforms bakery giants to log sales over W100b