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KDB in talks with local PEF to sell life insurerApr 13, 2020State-run policy lender Korea Development Bank is in talks with South Korea’s private equity firm JC Partners to sell a life insurer unit as part of its restructuring process, an industry source said... -
SparkLabs partners with Shinhan Capital for startup fundApr 13, 2020Seoul-based global startup accelerator SparkLabs said Monday it has joined hands with nonbanking lender Shinhan Capital to create a 10.1 billion won ($8.28 million) fund to support early-stage startu... -
How does coronavirus affect individuals’ financial management?Apr 13, 2020Cash withdrawn from financial accounts on rise for household expenses, investment -
Korean banks flock to Myanmar for ‘next big market’Apr 10, 2020KDB, IBK, KB Kookmin accredited to start business in ASEAN state -
Sencoretech’s listing plan is litmus test for Korean IPO marketApr 10, 2020Attention is centered on what is poised to become the only initial public offering deal in April, as investors are hinging on a change in market tides. Starting Monday, Sencoretech -- a Seoul-based ... -
VIG Partners to acquire funeral service firmApr 10, 2020South Korea’s midcap buyout fund VIG Partners said Friday it plans to acquire the nation’s leading funeral service firm Preedlife. While neither the acquisition price nor the amount of stake were di... -
Shinhan Card launches facial recognition payment systemApr 10, 2020Shinhan Card said Thursday it has launched a facial recognition-based payment system that replaces the use of plastic cards for purchases. Branded as Shinhan Face Pay, the new payment system is the ... -
Foreign banks report 11.8% rise in assetsApr 9, 2020The South Korean branches of foreign banks held a combined 305.2 trillion won ($250.9 billion) in assets last year, 11.8 percent increase from the previous year, mainly due to derivative products and... -
Togo Comm. to hire new employees through online interviewsApr 9, 2020Togo Communication, a local PR agency based in Seoul, will hire new employees by conducting video interviews online as part of efforts to participate in nationwide campaign to contain COVID-19 virus,... -
Hotel Shilla closes $121m deal to buy stake in 3Sixty Duty FreeApr 8, 2020Hotel Shilla, a South Korean operator of luxury hotels and duty-free shops, has closed a $121 million transaction to buy a 44 percent stake in US duty-free shop operator Travel Retail Group Holdings,... -
Coronavirus-hit small biz owners rush to nonbanking lendersApr 8, 2020Small business owners have increasingly turned to nonbanking lending despite the higher-interest loans to withstand the economic fallout from the coronavirus pandemic, data showed Tuesday. According... -
BOK to deliver additional $4.4b to banks via US currency swap this weekApr 7, 2020The Bank of Korea (BOK) said Tuesday that it will offer $4.41 billion to local banks this week in its second round of dollar funding using its bilateral currency swap arrangement with the US Fed that... -
Eximbank Korea to create health care funds worth W400bApr 6, 2020The state-run Export-Import Bank of Korea said Monday that it intends to create two funds worth a total of 400 billion won ($325.2 million) to help South Korean health care companies go global. The ... -
NHIS commits W1.4tr to alternative investmentApr 6, 2020The National Health Insurance Service unveiled on Monday plans to commit up to 1.4 trillion won ($1.14 billion) to its first alternative investment in history as an institutional investor. It plans t... -
Financial holding groups’ net profit jumps 31% in 2019Apr 6, 2020South Korea’s 10 financial holding groups’ combined net profit increased 31 percent last year, data showed Monday, but the upward trend is unlikely to continue next year. According to the watchdog F...
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01Foreign residents to get COVID-19 vaccine for free
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Myeong-dong: Korea’s largest shopping street faces extended crisis02
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03New virus cases at almost 2-month low on fewer tests, infections slowdown
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Korea slightly eases social distancing rules04
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05Samsung heir sent back to jail
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[Feature] Death sentence looming for universities as first-ever demographic winter starts06
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07‘Herd immunity will be achieved by September’
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[Newsmaker] Second episode of ‘Youn’s Stay’ records over 10% viewership rating08
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09S. Korea’s economy anticipates synergy with ‘Bidenomics’
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Moon hopes Biden will turn tide of talks with NK10