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Lime Asset deliberately deceived investors in awareness of losses: FSSFeb 14, 2020South Korean fund operator Lime Asset Management and its seller Shinhan Investment deliberately duped investors by concealing their losses and continuing the sale of the related products, the watchdo... -
Hana Financial signs W77b deal to acquire The-K Non-LifeFeb 14, 2020Hana Financial Group said Friday it had inked a sales and purchase agreement with the Korea Teachers’ Credit Union to buy a 70 percent stake in The-K Non-Life Insurance for 77 billion won ($65.1 mill... -
KDB realizes revenues on investment in BTS agency, film ‘Parasite’Feb 14, 2020A landmark success case was its choice to invest some 12 billion won in the K-pop boy group BTS and its agency Big Hit. That investment reached 75.1 billion won as of November, a return on investment... -
KCGI-heiress coalition ups ante to dethrone Hanjin successorFeb 13, 2020A coalition of Korean Air heiress and a local activist fund Korea Corporate Governance Improvement on Thursday proposed former SK Group Vice Chairman Kim Shin-bae as an inside board director of Hanji... -
FSS to request probe on Woori’s alleged information-theft caseFeb 13, 2020The nation’s financial watchdog plans to refer Woori Bank’s alleged information-theft case to the prosecution for investigation, according to internal documents acquired by a lawmaker Thursday. The ... -
NH Financial to expand global assets fivefold in 5 yearsFeb 12, 2020NH Financial Group, a major Korean banking group, vowed Wednesday to increase its global assets by nearly five times to 6 trillion won ($5.1 billion) by 2025, as part of its new global expansion stra... -
Woori Financial names new CEO to flagship bankFeb 11, 2020Woori Financial Group on Tuesday announced the appointment of the new head of its flagship commercial banking unit, in a move that is projected to further escalate its tension with the financial auth... -
Logistics startup Mesh Korea denies sell-off rumorsFeb 10, 2020South Korea’s logistics startup Mesh Korea -- operator of algorithm-powered micro delivery service Vroong -- denied rumors Monday that it is selling the stakes of its executives, amid a growing confl... -
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 ...
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