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Banks' loan delinquency rate falls in JuneAug 19, 2021The delinquency rate for South Korean banks' won-denominated loans fell to a record low in June due to a decline in overdue corporate loans, the financial regulator said Thursday. The rate for bank ... -
BlackRock Real Assets to acquire Korean solar power operatorAug 18, 2021BlackRock Real Assets said Wednesday it has signed an agreement to acquire an undisclosed amount of equity stake in South Korean solar aggregator and operator Brite Energy Partners. The US-based inv... -
NPS sells entire General Electric stake in Q2Aug 18, 2021The National Pension Service, South Korea’s public pension scheme, divested its entire 11.5 million shares in General Electric as of end-June, a regulatory filing showed Wednesday. The world’s third... -
Danggeun Market wins unicorn status with $162m fundingAug 18, 2021Danggeun Market, operator of hyperlocal e-commerce app Karrot, said Wednesday it has fetched a $162 million funding in a series D round with an enterprise valuation of $2.7 billion. The latest round... -
FSS to launch probe into e-payment providers amid Mergepoint scandalAug 17, 2021South Korea’s financial watchdog will launch an investigation into electronic payment service providers and their operations amid growing concerns over consumer protection in a row involving local di... -
Dunamu to unveil travel rule solution next monthAug 17, 2021Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, on Tuesday said it planned to unveil its own “travel rule” solution in September through its blockchain technology research arm ... -
Citibank Korea to confirm retail biz exit plan next weekAug 17, 2021Citibank Korea is likely to make its long-awaited announcement for its retail business exit plan on Aug. 26, after confirming the strategy at a scheduled board meeting, an industry source said Tuesda... -
NH NongHyup launches virtual Dokdo branchAug 17, 2021South Korea’s NH NongHyup Bank said Tuesday it launched a virtual Dokdo branch, which customers can visit on its mobile app and subscribe to financial products tied to the nation’s easternmost islets... -
Citibank Korea to decide on exit plan next weekAug 17, 2021Citibank Korea Inc., the South Korean unit of Citigroup Inc., will decide on its exit plan for its retail banking unit next week, an industry source said Tuesday. Citibank Korea will hold a board me... -
![[Newsmaker] Blame game intensifies over Mergepoint fiasco](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/08/16/20210816000238_0.jpg)
[Newsmaker] Blame game intensifies over Mergepoint fiascoAug 16, 2021The blame game between financial authorities and discount app operator Mergeplus intensified Monday, leaving customers who bought coupons uncertain as to whether they would lose their money. Mergepl... -
NH NongHyup Bank sets up London branchAug 12, 2021NH NongHyup Bank said Thursday it has launched a branch office in London to make inroads into the UK’s banking industry, as part of the lender’s overseas business strategies aimed at expanding its gl... -
Banks' H1 net jumps 59% on KDB's one-off gainsAug 11, 2021South Korean banks saw their first-half earnings jump 59 percent from a year earlier due largely to a one-off gain by state policy lender Korea Development Bank (KDB), data showed Wednesday. The com... -
Banks' household loans jump in JulyAug 11, 2021South Korean banks' household loans jumped in July, fueled by demand for home-backed lending and overdrafts for stock investments, central bank data showed Wednesday. Outstanding bank loans to local... -
Netmarble cashes in W430b upon KakaoBank listingAug 11, 2021South Korea‘s gaming giant Netmarble has divested a 1.3 percent stake in KakaoBank to cash in 430.2 billion won ($372.8 million), a filing showed Wednesday. The disclosure came on the heels of the m... -
FSC chief urges banking group heads to strengthen household debt controlAug 10, 2021Financial Services Commission Chairman Eun Sung-soo on Tuesday called on the heads of five major banking groups here to ramp up efforts to curb snowballing household debt. “A steep increase in house...
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