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Shinhan chief gets suspended sentence over influence-peddling chargesJan 22, 2020Chairman to retain leadership despite conviction on some of the accusations against him -
Foreign deposits rise on weak dollar in Dec.Jan 21, 2020Foreign currency deposits held by banks in South Korea rose sharply from a month earlier in December, central bank data showed Tuesday, apparently on the weakening of the US greenback that prompted b... -
Banking chiefs edgy as they await final sanctions decision by authoritiesJan 19, 2020Fate of Shinhan, Woori, Hana chiefs to be decided Wednesday -
Three-way merger scenario not yet confirmed: Celltrion affiliatesJan 17, 2020South Korean biopharmaceutical firm Celltrion’s key affiliates said Friday they have yet to set a clear blueprint in regards to Chairman Seo Jung-jin’s hint at the blockbuster merger of Celltrion, Ce... -
Woori Financial walks away from W2tr Prudential Life bidJan 16, 2020Woori Financial Group, South Korea’s fourth-largest banking group by assets, walked away from a bid to buy a 100 percent stake in Prudential Life Insurance of Korea, according to the group on Thursda... -
Korean investor in Nasdaq-listed OncoSec seeks to thwart Chinese takeoverJan 16, 2020Alpha Holdings, the largest shareholder of Nasdaq-listed OncoSec Medical, is pinning hopes on its last-ditch efforts to prevent a takeover of the biopharmaceutical firm by Chinese entities, ahead of ... -
Woori mulls appointment of new bank chief over possible FSS sanctionsJan 15, 2020Woori Financial Group is taking a cautious approach in naming the new chief of its flagship banking business due largely to the recent debacle involving the sale of high-risk private funds, according... -
US investor Capital Group sells W660b stake in Hyundai MotorJan 15, 2020US investment firm Capital Group Companies has offloaded a 2.56 percent stake in South Korea’s largest carmaker Hyundai Motor for 660.8 billion won ($570.9 million), according to a regulatory filing ... -
Hanwha Systems’ $25m Overair deal closesJan 15, 2020Hanwha Systems reached a final close on its cross-border $25 million investment in California-based electric takeoff and landing, or eVTOL, aircraft developer Overair, the Korean aero systems firm sa... -
BOK replaces 640m damaged bills, coins in 2019Jan 15, 2020The number of banknotes and coins destroyed due to damage or contamination reached a 10-year high in 2019, with the face value of the damaged bills and coins growing slightly from a year earlier, the... -
Hi Investment & Securities’ W217.5b fundraising plan hits snagJan 14, 2020The fundraising plan of Seoul-based investment bank Hi Investment & Securities to fetch a combined 217.5 billion won ($187.8 million) is facing obstacles due to a possible court injunction. A total ... -
Marketing startup Marketit scores new funding from investor behind BTSJan 14, 2020Influencer marketer Marketit said Tuesday that it has attracted 5 billion won ($4.3 million) from investors including AlpenRoute Asset Management. AlpenRoute was one of the early investors in Big Hi... -
Moon appointed IBK CEO vows corporate innovation amid stiff union resistanceJan 14, 2020President Moon urges labor union to accept chief’s appointment -
Goldman Sachs, SK to jointly invest W50b in cold warehouse operatorJan 13, 2020Global investment bank Goldman Sachs and SK Holdings said Monday they plan to jointly invest 50 billion won ($43.3 million) in Belstar Superfreeze, a South Korean entity that develops and operates co... -
![[Exclusive] Gender issues cost Deloitte Consulting place in Asia-Pacific unit: sources](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/01/13/20200113000238_0.jpg)
[Exclusive] Gender issues cost Deloitte Consulting place in Asia-Pacific unit: sourcesJan 13, 2020Seoul office confirms exclusion, but denies female leadership was an issue
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