foreign banks
Scope
Date
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Real estate
IGIS puts NPS-backed building in Seoul on sale for $294 mn
IGIS Asset Management Co., one of Asia's largest real estate investment firms, is seeking to sell a building backed by South Korea’s National ...
Aug 09, 2024 (Gmt+09:00)
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Electric vehicles
Half of EV imports in Korea run on Chinese batteries as EV fires rise
Of 58 electric vehicle models running on the streets of South Korea, 22 models are equipped with Chinese batteries, a survey showed on Friday.Accord...
Aug 09, 2024 (Gmt+09:00)
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Energy
Korea seeks to curb China's offshore wind farm dominance
South Korea will prioritize non-price factors such as economic security and contributions to the domestic supply chain over bidding prices when sele...
Aug 09, 2024 (Gmt+09:00)
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Future mobility
Electrification, Hyundai Mobis’ growth engine for future mobility
Hyundai Mobis Co., the world’s fifth-largest auto parts maker, is set to focus on electrification to enhance its competitiveness in future mob...
Aug 09, 2024 (Gmt+09:00)
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Economy
S.Korea’s current account at near 7-year high on strong chip exports
South Korea reported its biggest monthly current account surplus in six years and nine months thanks to robust exports of semiconductors. But the gr...
Aug 07, 2024 (Gmt+09:00)
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Banking & Finance
HI Investment & Securities changes its name to iM Securities
HI Investment & Securities Co. was rebranded as iM Securities after it held an extraordinary shareholders' meeting at its headquarters in Yeouid...
Aug 06, 2024 (Gmt+09:00)
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Korean stock market
S.Korean stocks log largest daily loss since pandemic
The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...
Aug 02, 2024 (Gmt+09:00)
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Banking & Finance
Hana Card, Toss Bank jointly launch PLCC card
South Korea's Hana Card announced on Friday that it partnered with Toss Bank to launch its first private label credit card (PLCC), the Toss Bank Cre...
Aug 02, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial Group relaunches brokerage arm
Woori Financial Group has returned to South Korea’s brokerage service market after a decade with the launch on Thursday of Woori Investment &a...
Aug 01, 2024 (Gmt+09:00)
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Markets
Korean treasury yields fall to lowest level in over 2 years
South Korea’s treasury bond yields fell to their lowest points in more than two years, slipping below the 3% level for the first time since Ap...
Jul 30, 2024 (Gmt+09:00)
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Sovereign wealth funds
Sovereign wealth fund KIC shortlists three CEO candidates
South Korean sovereign wealth fund Korea Investment Corporation (KIC) has shortlisted three candidates as the next chief executive officer, who will...
Jul 29, 2024 (Gmt+09:00)
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Banking & Finance
KB Financial's quarterly profit hits record on interest margin growth
South Korea’s largest financial holding group KB Financial Group Inc. has logged its record quarterly profit in the April-June period, thanks ...
Jul 24, 2024 (Gmt+09:00)
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Retail
Hyundai Premium Outlet runs AI Human for foreign customer
South Korea's Hyundai Premium Outlet announced on Tuesday that it will trial the artificial intelligence (AI) service AI Human at its Songdo store u...
Jul 23, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Bank adds Indonesian to banking platform
South Korea's KB Kookmin Bank said on Monday it launched Indonesian language services on its mobile banking platform KB Starbanking to expand its ...
Jul 23, 2024 (Gmt+09:00)
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Investment banking
Goldman Sachs taps ex-Morgan Stanley MD as Korea co-head
Goldman Sachs Group Inc. said on Monday that it has appointed Ahn Jae-hoon, former managing director at Morgan Stanley & Co. LLC as country co-h...
Jul 22, 2024 (Gmt+09:00)
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Foreign exchange
Korea's foreign currency savings snap 5-mth losing streak
Foreign currency deposits in South Korea increased in June, snapping their losing streak over the past five months, with the yen-denominated savings...
Jul 19, 2024 (Gmt+09:00)
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Banking & Finance
Korea’s Woori Bank raises $550 mn in AT1 hybrid bond
South Korean major bank Woori Bank said on Thursday that it raised $550 million by issuing additional tier 1 (AT1) hybrid bonds on July 17 with call...
Jul 18, 2024 (Gmt+09:00)
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Economy
Korean banks raise mortgage rates despite looming rate cut
South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...
Jul 17, 2024 (Gmt+09:00)
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Korean startups
Hana Bank, SK Telecom to support AI startups
South Korea's Hana Bank and SK Telecom Co. held the final selection and inauguration ceremony for the second AI Startup Accelerator BootCamp at Spar...
Jul 17, 2024 (Gmt+09:00)
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Investment banking
BofA eyes its 1st Korean IPO management with K Bank deal
Bank of America Corp. (BofA) is quickly expanding its presence in the South Korean initial public offering market, where J.P. Morgan and Citigroup G...
Jul 16, 2024 (Gmt+09:00)
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Pension funds
Korea mulls tripling NPS' advance dollar funding limit
South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...
Jul 16, 2024 (Gmt+09:00)
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Banking & Finance
Hana Financial mulls non-banking M&As for growth: CEO
Hana Financial Group, one of South Korea's top five financial groups, is mulling mergers and acquisitions in non-banking sectors in a bid to seize n...
Jul 12, 2024 (Gmt+09:00)
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Central bank
BOK chief signals rate cut; warns of rising housing prices
The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...
Jul 11, 2024 (Gmt+09:00)
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Corporate governance
Korea’s Hanmi family feud to end as key shareholder mediates
South Korean Hanmi Pharmaceutical Group’s founding family is set to conclude an ongoing feud as the group’s top individual shareholder h...
Jul 11, 2024 (Gmt+09:00)
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Travel & Leisure
KTO holds Visit Korea Alliance exhibition for foreigners
The Korea Tourism Organization (KTO) announced on Monday that it will hold a VK Alliance Products and Services Special Exhibition for foreigners thr...
Jul 08, 2024 (Gmt+09:00)
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Korean stock market
Foreign net buying of S.Korean stocks hits all-time high
Offshore investors net purchased nearly 23 trillion won ($16.7 billion) worth of South Korea-listed stocks in the first half of this year. The buyin...
Jul 08, 2024 (Gmt+09:00)
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Short selling
Korea slaps Credit Suisse with largest ever short-sale penalty
South Korea's financial regulator said on Wednesday it has officially imposed Credit Suisse Group AG and its affiliate a combined 27.2 billion won...
Jul 03, 2024 (Gmt+09:00)
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Banking & Finance
Korean banks to cut corporate loans for profitability
South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...
Jun 30, 2024 (Gmt+09:00)
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Travel & Leisure
S.Korea sees foreign visitors 95% of pre-pandemic
The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.42 million, an increa...
Jun 28, 2024 (Gmt+09:00)
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Retail
Duty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...
Jun 28, 2024 (Gmt+09:00)