The Korea Herald

Financial authorities vow to minimize inconveniences from Citigroup’s exit from S. Korea

Apr 16, 2021

Second-tier banks in South Korea likely to bid for Citibank Korea‘s retail biz, according to industry sources
Dongbu-led consortium to take over Hanjin Heavy as debt restructuring nears end

Apr 16, 2021

An investor group led by South Korean builder Dongbu Corp. signed a deal to acquire a controlling stake in debt-saddled shipbuilder Hanjin Heavy Industries & Construction, filings showed Friday. Acc...
Construction workers’ fund to commit W60b to PEs, VCs

Apr 16, 2021

South Korean institutional investor, the Construction Workers Mutual Aid Association, has selected four domestic external partners for its 60 billion-won ($53.7 million) commitment to have exposure t...
Citibank to pull retail biz out of Korea, but no timeline set

Apr 15, 2021

Citibank Korea, the South Korean unit of Citigroup, said Thursday that it would withdraw its retail business as part of its parent company’s reorganization plans for Asia. The decision was made to...
Korea witnesses growing co-investment opportunities: Adams Street Partners

Apr 15, 2021

The burgeoning co-investment market in South Korea has reached maturity enough to offer attractive opportunities for investors, US-based investment firm Adams Street Partners said Thursday. Institut...
JB Financial launches intraboard ESG committee

Apr 14, 2021

Provincial bank-led financial institution JB Financial Group said Wednesday it had launched an intraboard committee responsible for making business decisions focused on environmental, social and corp...
South Korean lottery spending up 7.2%

Apr 13, 2021

South Korean households spent a monthly average of 7.2 percent more on lottery tickets last year, compared with the previous year, data from the Korean Statistical Information Service showed Tuesday....
[#WeFace] ‘Embrace ESG principle as incentive’

Apr 12, 2021

Jipyong managing partner calls ESG a blue ocean market for legal professionals
Macquarie IM Korea rebranded after local PEF assumes control

Apr 12, 2021

Macquarie Investment Management Korea has been rebranded as Feynman Asset Management upon an acquisition deal proposed by a South Korean private equity firm, the company said Monday. The asset manag...
BNP Paribas, Shin & Kim holds ESG financing webinar

Apr 11, 2021

BNP Paribas South Korea said Sunday it had recently hosted a webinar to offer insight into green finance at home and abroad, as well as on law firms’ key roles in supporting companies’ environmental,...
Woori chief faces another penalty for misselling

Apr 9, 2021

South Korea’s financial watchdog on Friday imposed a penalty on Woori Financial Group Chairman Sohn Tae-seung, holding him responsible for its commercial banking unit’s misselling of funds tied to th...
NH NongHyup receives preliminary approval for Beijing branch

Apr 7, 2021

South Korea’s NH NongHyup Bank said Wednesday it has earned preliminary approval from China’s financial authorities to open a branch in Beijing. The nation’s sixth-largest lender by assets won the a...
Banking groups signal hope of launching internet-only banks

Apr 6, 2021

South Korean banking groups have approached the financial authorities in hopes of launching their own internet-only lenders, industry insiders said Tuesday, amid the growing popularity of platforms s...
NH Investment ‘fully responsible’ for W300b Optimus misselling: FSS

Apr 6, 2021

South Korea’s financial watchdog said Tuesday that it holds NH Investment & Securities, the nation’s second-largest brokerage firm by net assets, entirely accountable for the misselling practices ass...
Hanjin KAL stocks plunge as hostile takeover bid comes to standstill

Apr 5, 2021

Shares of Hanjin KAL plunged Monday as a hostile takeover bid of an activist investor group came to a standstill the week prior. Hanjin KAL, the holding company of the Hanjin conglomerate that contr...