Japanese centra bank policy
Scope
Date
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Banking & Finance
Vietnam gives traction to Korean banks' global push
South Korea's leading banks began to reap the rewards of their efforts to become regional players in Asia, with their aggressive investments in Viet...
Jan 19, 2022 (Gmt+09:00)
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Automobiles
Korean tire makers to raise prices on higher costs
South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...
Jan 18, 2022 (Gmt+09:00)
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Corporate strategy
NTT DoCoMo sells $370 mn KT shares to Shinhan Bank
Japan's mobile phone operator NTT DoCoMo has sold all its shares in KT Corp., worth 437.5 billion won ($370 million), to Shinhan Bank which formed a...
Jan 18, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Creditors to unveil new plans next week to sell DSME
Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner of the debt-ridden ...
Jan 14, 2022 (Gmt+09:00)
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Banking & Finance
Bank of Korea may hike rates this week to curb inflation, household debt
South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...
Jan 13, 2022 (Gmt+09:00)
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Earnings
POSCO logs record profit on steel supercycle in 2021
POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...
Jan 12, 2022 (Gmt+09:00)
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Foreign exchange
Korean won touches 18-month low as Fed may raise rates sooner
South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expec...
Jan 06, 2022 (Gmt+09:00)
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Corporate bonds
Export-Import Bank of Korea eyes $3 bn global bond sale
The Export-Import Bank of Korea (KEXIM) is planning to sell up to $3 billion worth of new global bonds this week, tipped to be the largest-ever bond...
Jan 04, 2022 (Gmt+09:00)
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Pension funds
KFCC to increase alternative assets to 40% in three years
MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...
Dec 28, 2021 (Gmt+09:00)
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Banking & Finance
Retirement packages unexpectedly benefit young talent
Voluntary retirement packages, often coming with generous compensation, have been adopted by companies as a way to let go of older or redundant empl...
Dec 27, 2021 (Gmt+09:00)
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Blockchain
Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy
Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...
Dec 20, 2021 (Gmt+09:00)
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Banking & Finance
Money moves back to safe assets in Korea amid rising interest rates
With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...
Dec 20, 2021 (Gmt+09:00)
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Economy
Mortgage loan growth slows to near four-year low in November
Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...
Dec 09, 2021 (Gmt+09:00)
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Alternative investments
BNK and KTB jointly buy UBS tower in New Jersey for $219 mn
South Korea’s BNK Asset Management Co. acquired UBS Financial Services tower in New Jersey for $219 million from US real estate developer Hart...
Dec 08, 2021 (Gmt+09:00)
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Retail
End of No-Japanese boycott? Uniqlo Korea turns to black
Japanese companies operating in South Korea are making a comeback after being hit hard by a campaign that began in mid-2019 to boycott Japanese prod...
Dec 05, 2021 (Gmt+09:00)
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Banking & Finance
Bank of Korea raises interest rates, signals further hikes
South Korea’s central bank increased its policy interest rate for the second time in three months and signaled further hikes to stem rising in...
Nov 25, 2021 (Gmt+09:00)
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Cryptocurrencies
Dunamu evolves from outlier to qualified investor in Woori
"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an ope...
Nov 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chemical seeks to acquire Japanese specialty chemical firms
Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand it...
Nov 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Doosan sells E&C, closer to exiting self-rescue program
South Korea's Doosan Group on Friday inked an agreement to sell a majority stake in Doosan Engineering & Construction Co. (Doosan E&C) to a ...
Nov 19, 2021 (Gmt+09:00)
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Automobiles
Korean auto parts makers call for govt financial support
Representatives of South Korean auto parts makers on Friday called on the government to increase their financial support of the sector, including ta...
Nov 12, 2021 (Gmt+09:00)
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Private equity
AIIB commits $60 mn to STIC Asia Infra Innovation Fund
The Asian Infrastructure Investment Bank (AIIB) has committed $60 million to the STIC Asia Infrastructure Innovation Fund managed by South Korea&r...
Nov 12, 2021 (Gmt+09:00)
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[ASK 2021] European NPL market growth creates investment opportunities
Global asset managers will see great opportunities in the European non-performing loan market amid challenges facing the EU banking industry, such...
Nov 08, 2021 (Gmt+09:00)
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IPOs
Korea’s Netmarble Neo drops listing plan as sentiment sours
South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...
Nov 05, 2021 (Gmt+09:00)
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Arrow Global
[ASK2021] European Banking Sector Dislocation: The Non-Performing Credit Opportunity
Arrow Global is a leading European investor and alternative asset manager focused on the European distressed space, backed by sophist...
Nov 03, 2021 (Gmt+09:00)
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Korean startups
AI human developer MINDs Lab aims for November IPO
South Korea’s top artificial intelligence (AI) developer MINDs Lab Inc. is aiming to list on the Kosdaq market within this month. While the ...
Nov 03, 2021 (Gmt+09:00)
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Business & Politics
LG, CJ join other Korean firms to run offices in Washington
WASHINGTON D.C. – South Korea’s major business conglomerates are heading to Washington D.C. to run offices handling regulatory and gover...
Nov 01, 2021 (Gmt+09:00)
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Banking & Finance
Korea mulls allowing banks to adopt Toss' super-app strategy
South Korea's top financial regulator is considering allowing banks to provide basically all financial services in single apps, emulating fintech pl...
Oct 29, 2021 (Gmt+09:00)
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Automobiles
Hyundai to target Southeast Asia EV market from Indonesia
Hyundai Motor Group chairman Chung Euisun has declared that the world’s fifth-largest carmaker will target the electric vehicle market in Sout...
Oct 25, 2021 (Gmt+09:00)
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Banking & Finance
Citibank Korea to shut down retail business in phases
Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...
Oct 25, 2021 (Gmt+09:00)
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Fintech
Toss Bank debuts amid government's tightening of loans
South Korean government’s toughening stance on household loans is having a direct impact on the fast-growing internet banks in the country. Th...
Oct 05, 2021 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer