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Yoon says he doesn't want change status quo changed by force in N. Korea
Prosecutors raid Coast Guard headquarters in probe into N. Korea's killing of fisheries official
S. Korea calls for global cooperation against crimes in fast-growing digital asset market
Prosecutors to decide soon whether to suspend prison term for ex-justice minister's wife
Govt. proposes law requiring convicted stalkers to wear electronic anklets for up to 10 yrs
UN panel OKs sanctions waiver for US civic group's aid to N. Korea
Korea Line H1 net hits new high
S. Korea's contraband trade jumps 60% in H1
DP set on approving controversial 'bulletproof' party charter
Looking to join MLB club, high school pitching prospect skips KBO draft
Jeonbuk's Gustavo voted K League's top player for July
[Graphic News] Cigarette sales in S. Korea up 1.9 pct in H1
'Extraordinary Attorney Woo' tops Netflix chart for non-English series for 3rd week
S. Korea's new COVID-19 cases soar to 4-month high of over 180,000
Seoul shares open higher ahead of Fed minutes
New COVID-19 cases surge to 18-week high of over 180,000
Lee Jung-jae's directorial debut 'Hunt' tops 2m admissions
Nuclear cooperation between N. Korea, Iran concerning: State Dept.
Court to review injunction filed by former PPP chair against leadership switch
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F&F joins TaylorMade buyout as Korean PEF switches partner
Jul 20, 2021
South Korean clothing company F&F is set to commit capital of $350.5 million to take part in a private equity firm-led acquisition of California-based golf equipment maker TaylorMade Golf, a filing showed Tuesday. The outfit maker, dedicated to licensed productions for brands such as MLB and Discovery, is taking the place of local rival The Nature Holdings, which on Monday withdrew from its $87....
Internet lender Kakao Bank to break into new areas: CEO
Jul 20, 2021
Kakao Bank, South Korea's largest internet-only bank, will seek to expand into new business areas and become the country's No. 1 financial platform, the company's CEO said Tuesday. "Kakao Bank will strive to emerge as the top financial platform and break into such areas as insurance, fund and asset management," CEO Daniel Yun said at a news conference to mark the lender's planned initial public ...
Digital exiles: Bankers in 40s take buyouts amid bleak outlook
Jul 19, 2021
Bankers choose early retirement at the peak of their careers, but struggle to reenter a finance industry undergoing faster-than-expected digitalization
Insurers enter health care service market via digital platform
Jul 19, 2021
From home training program to vitamin shopping, insurers turn to health care market
From BTS to Blackpink, card issuers collaborate with K-pop stars to lure MZ generation
Jul 19, 2021
Plastic cards may be new hot merchandise items for K-pop fans
[Top Bankers] Woori Bank seeks out-of-box business strategies for digital innovation
Jul 19, 2021
To find new revenue source, the lender eyes acquisition to enter other Asian markets with nonconventional financial services
Yanolja snaps up $1.7b funding as SoftBank ramps up Korea tech bet
Jul 15, 2021
Travel and leisure platform operator Yanolja completed a $1.7 billion investment round by sole investor SoftBank Vision Fund 2, the company said on Thursday. Yanolja said the company will use the proceeds to scale digital transformation of the global travel and hospitality industry and expand its technology offerings in new markets. The company plans to build and operate an advanced global trav...
BlackRock Real Assets to back Korean offshore wind farm project
Jul 15, 2021
BlackRock Real Assets said Thursday it has closed its first investment in South Korea’s offshore wind sector, in line with the country’s renewable energy transition initiative. The New York-based asset managing arm dedicated to real estate and infrastructure investment acquired a 100 percent equity stake in renewables developer Korea Renewable Energy Development & Operation Holdings, formerly kn...
COVID-19 redefines how to value Korean private companies
Jul 15, 2021
The COVID-19 pandemic has been a catalyst for changing the way of assessing the value of a privately-owned company in the private capital market in South Korea, said a veteran investment professional on Thursday. The pandemic has accelerated both the demand and supply of services and products associated with the digital transformation and energy transition. This phenomenon triggers a bipolarizat...
Eximbank extends $600 million to Tunisia for digital infra project
Jul 15, 2021
The state-run Export-Import Bank of Korea said Thursday it had agreed to extend a $600 million loan to Tunisia to support the North African country’s digital infrastructure development projects. Tunisia plans to use the fund to digitize some 4.5 million maps and land-related documents to build a database and develop a comprehensive land information management system there. “We expect that our s...
Fintech platforms become major banking tool for young Koreans: survey
Jul 15, 2021
More than 90 percent of young Koreans in their 20s and 30s use fintech platforms for money transfers instead of going to bank branches, a survey showed Monday. According to the survey conducted by the Korea Fintech Industry Association, about 96 percent of respondents said they use a financial technology platform developed by nonfinancial companies such as Kakao, Naver and Toss, while 60 percent...
IMM PE to acquire stake in Korea’s top furniture company
Jul 14, 2021
IMM Private Equity, the third-largest private equity firm in Seoul, with $5.4 billion assets under management, is in talks to become the largest shareholder of South Korea’s largest kitchen and interior furniture goods manufacturer Hanssem, a filing showed Wednesday. The proposed strategic investor and the seller group has signed a memorandum of understanding regarding the transaction. Hanssem d...
Hashed invests in membership-based financial service provider Hi
Jul 13, 2021
Hashed, a South Korean venture capital company specialized in investing in blockchain technology, on Tuesday said it has invested an undisclosed amount in Hi, a membership-powered financial service for crypto and fiat currencies. Hi was co-founded by Sean Rach, the former chief marketing officer at Crypto.com and Stefan Rust, who served as CEO at Bitcoin.com. “Hi aims to provide a global wallet...
Shinhan invests W77b into delivery, pet grooming services
Jul 12, 2021
Shinhan Financial Group will invest in a delivery service provider and an autonomous transportation service startup to upgrade its banking platform and find new revenue streams amid increasing competition in the financial industry for digital transformation, the banking group said Monday. The lender has pledged to make an investment worth 77 billion won ($67.21 million) into three digital platfo...
Woori Financial to invest W100tr in ESG-related products by 2030
Jul 12, 2021
Responding to rising demand for sustainability in corporate management, Woori Financial Group has decided to invest 100 trillion won ($87.3 billion) in financial products associated with environmental, social and governance, or ESG factors, including credit loans and bonds, by 2030, the banking giant said Monday. The envisioned plan is part of the group’s mid-and long-term ESG strategies to prom...
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'Angry young men' are turning their backs on Yoon
Korea ‘strong match with goals of Gates Foundation,’ Bill Gates tells Yoon Suk-yeol
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Korean bank turning away foreigner due to long name ‘discriminatory,’ says rights watchdog
Yoon proposes ‘audacious’ road map for North Korea’s denuclearization
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Hyundai Motor among big three carmakers for first time
Billie Eilish back in Seoul after 4 years for one-day concert
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S. Korea forecasts severe cases to peak at some 900 in early September
S. Korea‘s COVID-19 spread slows but resurgence expected to continue
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Samsung unveils world’s largest gaming monitor
Ruling party faces intensifying internal conflict
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