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KEB Hana, Woori appeal regulator's penalty decisionMay 22, 2020KEB Hana Bank and Woori Bank said Friday they have appealed the levying of penalties by state financial authorities on the lenders' improper sale of derivatives-linked products. The two lenders have... -
W550b Young City prime office deal closesMay 21, 2020A consortium composed of D&D Investment and NH Investment & Securities has completed its acquisition of Young City office complex from UK-based investment house Actis for 550 billion won ($447.2 mill... -
![[Market Close-up] Doosan Bobcat under credit pressure on US unit’s $300m leveraging plan](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/05/21/20200521000545_0.jpg)
[Market Close-up] Doosan Bobcat under credit pressure on US unit’s $300m leveraging planMay 21, 2020South Korea’s construction equipment maker Doosan Bobcat is under credit pressure as its US subsidiary Clark Equipment is looking to leverage $300 million via five-year senior secured notes in May, f... -
Eximbank issues AU$700m Kangaroo bondsMay 21, 2020The state-run Export-Import Bank of Korea said Thursday it has issued a three-year Australian dollar-denominated bonds worth AU$700 million ($460 million) to investors. Following the deal, Eximbank ... -
NPS to cut back in Korean stock exposureMay 20, 2020South Korea’s public pension fund National Pension Service on Wednesday has affirmed its plan to shrink its exposure to domestic stocks in a move to ward off uncertainties due to fallout from the cor... -
Cross-selling of public funds in APAC to kick off in MayMay 19, 2020Cross-border transactions of public funds will kick off this month in South Korea and four other Asia-Pacific countries, to expand corporate and individual investors’ portfolios, according to the Fin... -
W550b Lotte Mart properties deal in legal disputeMay 19, 2020South Korea’s Ryukyung PSG Asset Management and retailer Lotte Shopping are facing legal action from entities that proposed to buy four Lotte Mart discount stores for some 550 billion won ($448.4 mil... -
Banking groups add momentum to digital financing amid coronavirus falloutMay 18, 2020Among regional financial institutions, JB Financial Group -- the holding group of Jeonbuk and Kwangju banks -- has launched Digital Community, a study group for leader-level employees to analyze digi... -
Virus-hit firms look to raise capital to ensure liquidityMay 17, 2020As the number of moviegoers, air passengers and shoppers shrank sharply largely due to the coronavirus outbreak and social distancing, related companies have recently turned to fundraising efforts to... -
Coupang, KB Kookmin to start early payout for virus-hit SMEsMay 15, 2020E-commerce giant Coupang said Friday it has partnered with KB Kookmin Bank to launch early payout services for merchants, through which small and medium-sized business owners will receive payment for... -
Credit card use posts smaller dip in April amid virus slowdownMay 14, 2020Credit card spending by Koreans dipped at a slower rate in April than the previous month amid the COVID-19 infection slowdown, industry data showed Wednesday. Combined credit card spending last mont... -
Shinhan’s investment in HK’s K-pop fund faces redemption delayMay 13, 2020Shinhan Investment has received a request to delay K-pop-related private equity fund redemption from a Hong Kong-based asset management firm due to underperforming entertainment business, according t... -
Kakao joins S. Korea's top-10 market cap heavyweightsMay 13, 2020Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has entered the top ten stocks by market capitalization on a stellar quarterly performance, data showed Wednesday. The home... -
Relief fund donation errors a headache for card issuersMay 13, 2020On the first day South Korea started to receive applications for COVID-19 relief cash, local card issuers assigned to handle payment processes were met with a flood of unexpected inquiries -- to canc... -
KB Kookmin Bank to finance gas pipeline project in CanadaMay 12, 2020KB Kookmin Bank said Tuesday that it has signed a commitment of 240 million Canadian dollars ($171 million) to finance a Coastal GasLink natural gas pipeline project in Canada through a senior loan. ...
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