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FSS in hot water for failing to prevent derivatives disasterFeb 7, 2020South Korea’s financial watchdog, the Financial Supervisory Service, has become the target of criticism for having failed to prevent the recent fiasco involving derivatives-linked funds. The state-ru... -
Woori Financial chief to remain until further noticeFeb 6, 2020South Korea’s Woori Financial Group on Thursday said its current chief would maintain his role for the time being despite sanctions imposed by financial authorities for misselling of derivatives-link... -
NPS short on time for March proxy seasonFeb 5, 2020South Korea’s public pension fund, the National Pension Service, is now gearing up for new committees to ramp up the shareholder engagement push for its portfolio firms here at an unprecedented level... -
Net assets of Mirae Asset’s ETF surpass W100bFeb 5, 2020Seoul-based asset management giant Mirae Asset Global Investments said Wednesday that the net asset value of its exchange-traded fund invested in the US-based Nasdaq has surpassed 100 billion won. M... -
Hahn & Co. to buy SK Chemicals’ biofuel operation for W382.5bFeb 5, 2020Seoul-based private equity house Hahn & Co. agreed to buy SK Chemicals’ biofuel operation for 382.5 billion won ($322.2 million) in cash on Wednesday. The proposed acquisition of South Korea’s No. 1... -
K-Growth to earmark W5.4tr risk capital for 2020Feb 5, 2020South Korea’s state-led fund of funds manager Korea Growth Investment (K-Growth) said Wednesday it plans to earmark a combined 5.4 trillion won ($4.5 billion) risk capital to spur venture investments... -
Danaher ordered to offload assets for GE biopharma unit acquisitionFeb 4, 2020Ahead of Danaher’s acquisition of General Electric’s biopharmaceutical unit for $21.4 billion, South Korea’s Fair Trade Commission on Tuesday ordered either of the two firms to divest certain assets ... -
![[News Focus] Watchdog’s final approval of sanctions puts Woori, Hana in tight spot](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/02/04/20200204000568_0.jpg)
[News Focus] Watchdog’s final approval of sanctions puts Woori, Hana in tight spotFeb 4, 2020Top executives and board face tough decisions concerning governance, relations with financial authorities -
Vacation rental management startup snaps up $7m fundingFeb 4, 2020H2O Hospitality, a Korean startup dedicated to vacation rental management in Japan, said Tuesday it has raised $7 million funding from five investors to meet its fast-growing working capital needs on... -
Woori Financial faces tough choices over chairmanFeb 2, 2020South Korea’s Woori Financial Group is likely to have a tough week ahead, as the financial watchdog’s recent decision to impose sanctions on its chairman threatens its governance. Woori Financial’s ... -
Opposition lingers in Shinhan’s Orange Life mergerJan 31, 2020Shinhan Financial Group’s plans to merge Orange Life Insurance with its wholly owned life insurance unit seemed to have been working out smoothly. However, trouble persists as minority shareholders c... -
Entertainment firm behind BTS seeks IPO underwriter: reportJan 31, 2020Big Hit Entertainment, the agency behind K-pop sensation BTS, is seeking an underwriter in the initial step to go public, according to news reports Friday. Big Hit has sent a request for proposal to... -
Leadership vacuum at Woori and Hana inevitable due to FSS’ heavy sanctionsJan 31, 2020Financial giant Woori Financial Group said Friday that it has delayed the process to select CEO candidates for its banking unit Woori Bank. The announcement came after the nation’s financial watchdo... -
S. Korea's daily FX turnover jumps to record high in 2019Jan 31, 2020The daily foreign exchange turnover by local and foreign banks in South Korea climbed to an all-time high in 2019 on a sharp increase in the transaction of derivatives, central bank data showed Frida... -
Fear of coronavirus spreads to Korea’s commercial banksJan 29, 2020From face masks to thermometers, banks take precautions for local customers, mull contingency plans for overseas operations
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