banking service
Scope
Date
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Economy
Korea needs population growth for sustainability: World Bank chief
World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competition in education and...
Jan 25, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor units join hands for logistics solutions
Hyundai Motor Group’s autonomous driving technology arm 42dot Inc. has joined hands with its sister companies Hyundai Glovis Co. and Hyundai C...
Jan 24, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Harim, KDB in dispute over $5 bn HMM deal conditions
Talks to sell South Korea’s No. 1 ocean carrier HMM Co. to Harim Group, a leading poultry processor, have made little progress amid disputes o...
Jan 23, 2024 (Gmt+09:00)
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Banking & Finance
Korean banks flock to Poland, Korean Inc.’s new manufacturing hub
South Korean banks are in a race to advance into Poland to support Korean companies rushing to build factories in the new offshore manufacturing hub...
Jan 22, 2024 (Gmt+09:00)
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IPOs
Why spend more on an IPO? No invitation to foreign banks
South Korea’s Viva Republica Inc. has recently invited a handful of domestic brokerage companies to give presentations to revive its IPO plan....
Jan 19, 2024 (Gmt+09:00)
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Central bank
South Korean central bank not to increase gold reserves
South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased...
Jan 19, 2024 (Gmt+09:00)
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ESG bonds
Woori Bank issues $700 mn in ESG bonds
South Korea's Woori Bank announced on Thursday that it has issued $700 million (940 billion won) worth of foreign currency ESG (environmental, socia...
Jan 19, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...
Jan 18, 2024 (Gmt+09:00)
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Foreign exchange
Toss Bank launches commission-free foreign exchange services
South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a do...
Jan 18, 2024 (Gmt+09:00)
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E-commerce
Coupang to resume Rocket Delivery for LG H&H; ends 5-year feud
Coupang Inc., South Korea’s leading online retailer, said on Friday it will resume the same or next-day delivery service, dubbed “Rocket...
Jan 12, 2024 (Gmt+09:00)
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Artificial intelligence
Naver unveils reports of Qatar Asian Cup utilizing AI
South Korea's Naver Corp. announced on Friday that it has published AI Scout Report for the Asian Football Confederation (AFC) Asian Cup 2023, which...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to expand ad-supported streaming service with TV OS
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
SK Telecom considers adding LLM to iPhone recording app
LAS VEGAS -- SK Telecom Co. is considering adding a large language model (LLM) to its iPhone call-recording app for the first time in the industry, ...
Jan 12, 2024 (Gmt+09:00)
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Central bank
BOK hints at policy rate peak but in no hurry to cut rates
South Korea’s central bank on Thursday hinted its policy rate may have peaked after leaving the rate unchanged for the eighth straight meeting...
Jan 11, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage installs Solar in KakaoTalk AI services
South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...
Jan 11, 2024 (Gmt+09:00)
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Artificial intelligence
S-1 sees facial recognition AI as core trend in 2024
South Korea's system securities provider S-1 Corp. has forecasted a significant rise in the demand for AI-powered security solutions this year, pr...
Jan 03, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility posts sevenfold rise in overseas ride-hailing services
Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, saw its services in overseas markets grow sevenfold in the first...
Dec 29, 2023 (Gmt+09:00)
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Artificial intelligence
ESTsoft launches conversational AI service Alan
South Korea's AI service specialist company ESTsoft Corp. announced on Tuesday that it launched its conversational artificial intelligence (AI) serv...
Dec 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT opens Foreigner Center for non-English speakers
South Korea’s KT Corp. announced on Tuesday that it opened the KT Foreigner Center for non-English speakers in Won-gok-dong, Ansan, Gyeonggi...
Dec 26, 2023 (Gmt+09:00)
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Central bank
Gov Rhee Chang-yong turning BOK into dynamic central bank
Bank of Korea (BOK) Governor Rhee Chang-yong has transformed the central bank into a dynamic monetary authority by cooperating with not only oversea...
Dec 24, 2023 (Gmt+09:00)
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Private equity
Campbell Lutyens taps ex-KIC PE chief as Korea head
Campbell Lutyens & Co. Ltd., a UK private equity advisory firm, has tapped sovereign wealth fund Korea Investment Corporation (KIC) former PE he...
Dec 21, 2023 (Gmt+09:00)
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Foreign exchange
Yen deposits at Korean banks surge to record $9.9 bn
Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investo...
Dec 19, 2023 (Gmt+09:00)
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Korean games
NCSOFT, Obigo to jointly develop car AI services
South Korea's major game developer and publisher NCSOFT Corp. announced on Monday that it signed a memorandum of understanding (MOU) with the domest...
Dec 18, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, NHIS to boost data services with HyperCLOVA X
South Korea's leading online portal Naver Corp. and the state-run National Health Insurance Service (NHIS) will collaborate to leverage advanced art...
Dec 18, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom launches AI-based phone interpreting service
South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...
Dec 14, 2023 (Gmt+09:00)
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Economy
Korean current account surplus at 19-month high on exports recovery
South Korea’s current account surplus hit a 19-month high in October as goods exports reported their first on-year growth in 14 months amid si...
Dec 08, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom to launch telescope content service Starhug
South Korea's SK Telecom Co. announced on Friday that it has signed a memorandum of understanding (MOU) for providing the "Starhug" service, a remot...
Dec 08, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks enjoy robust earnings in Asian emerging markets
Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted ...
Dec 05, 2023 (Gmt+09:00)
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Central bank
BOK chief says rates need to stay high for over 6 months
South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...
Nov 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
CJ OliveNetworks to enter smart city business with Team Naver
South Korean digital service company CJ OliveNetworks announced on Thursday that it has signed a mutual cooperation agreement at Naver Corp.'s headq...
Nov 30, 2023 (Gmt+09:00)