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Insurance industry looks forward to more active investments, M&A dealsJan 20, 2020The overall insurance industry, which saw its combined net profit drop for two consecutive years from 3.9 trillion won ($3.4 billion) in 2017 to 3.3 trillion won in 2018, is expected to have suffered... -
34 Kospi 200 firms lack whistleblowing policy: reportJan 20, 2020More than 30 Kospi 200 firms still have no whistleblowing policy for transparent management of their accounting control system, according to the latest report released by Samjong KPMG on Monday. The... -
DRAM prices up for 11 consecutive days, boding well for chipmakersJan 20, 2020Spot market prices for DRAM chips are surely on a rising course as they went up for 11 straight days, industry data showed Monday, boding well for South Korean chipmakers. The spot price of 8-gigabi... -
D.Camp holds first startup pitching event for 2020Jan 19, 2020D.Camp, a leading South Korean startup accelerator, said Sunday that augmented reality solution startup Qrio and health tech startup 9to6 topped its first pitching competition of 2020, held last week... -
Samsung likely to replace chiefs of most financial unitsJan 19, 2020Samsung Group is expected to replace most of the chief executives at its financial units, including Samsung Life Insurance and Samsung Card, according to news reports on Sunday. According to local b... -
Bias toward tech firms flusters stock market investorsJan 19, 2020South Korea’s stock market was tepid in 2019 and continues to face uncertainties, rankling many investors who are complaining that technology firms are being preferred for listing on the secondary Ko... -
S. Korea sees $920m in foreigners’ net purchase last yearJan 17, 2020Foreign investors in South Korea net purchased some $920 million, or 1.04 trillion won, of locally listed stocks last year, but the figure was conspicuously lower than that of peer emerging economies... -
Seoul Real Estate Forum names new headJan 16, 2020The Seoul Real Estate Forum said Thursday that it had named Wang Jeong-han as its sixth president. Wang, 57, will double as head of the SREF and the Seoul-based Ara Group Architects and Planners, de... -
FSC pledges to step up efforts to grow fintech industryJan 16, 2020With bills on personal data and credit information passing the legislature, Korean financial authority Financial Services Commission and other financial organizations on Thursday vowed to make joint ... -
KEB Hana, Woori tense up on DLF penalty decisionJan 16, 2020FSS holds sanctions committee to review ‘warning’ decision on both bank CEOs -
Shinhan reviews legal action against Lime AssetJan 16, 2020Shinhan Bank is considering taking legal action against Lime Asset Management, claiming the fund operator made a unilateral decision last year to hedge its portfolio with a fund sold through the comm... -
Foreigners ownership on Kospi hits 13-year highJan 16, 2020Foreign stock ownership on Seoul’s benchmark Kospi bourse reached the highest level this week since 2006, industry data showed Thursday. According to the Korea Financial Investment Association, offs... -
Reinsurance firm Korean Re launches second branch in ChinaJan 15, 2020The Korean Reinsurance Co. (Korean Re), a leading domestic reinsurance firm here, announced the launch of its Shanghai office on Wednesday. The opening came after it received approval from China’s b... -
Eased data protection rules to benefit fintech giants and startups: analystsJan 15, 2020The recent passage of bills on personal data and credit information of individuals by the National Assembly will likely give a boost to fintech giants and startups in South Korea, according to analys... -
Lime Asset to freeze additional W500b, FSS likely to launch new probeJan 15, 2020Local fund operator Lime Asset Management has recently decided to freeze an additional 500 billion won ($431.4 million) of its funds, prompting the Financial Supervisory Service to launch a new probe...
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