Most Popular
-
1
[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
![[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/22/20240422050642_0.jpg&u=)
-
2
Yoon seeks rebound, taps 5-term lawmaker as chief of staff
-
3
Medical standoff deepens as doctors reject new med school plan, talks
-
4
[Exclusive] Korean military set to ban iPhones over 'security' concerns
![[Exclusive] Korean military set to ban iPhones over 'security' concerns](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050599_0.jpg&u=20240423183955)
-
5
[Herald Interview] Why Toss invited hackers to penetrate its system
![[Herald Interview] Why Toss invited hackers to penetrate its system](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/22/20240422050569_0.jpg&u=20240422150649)
![[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/22/20240422050642_0.jpg&u=)
![[Exclusive] Korean military set to ban iPhones over 'security' concerns](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/23/20240423050599_0.jpg&u=20240423183955)
![[Herald Interview] Why Toss invited hackers to penetrate its system](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/22/20240422050569_0.jpg&u=20240422150649)
-
6
[Graphic News] 77% of young Koreans still financially dependent
![[Graphic News] 77% of young Koreans still financially dependent](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/22/20240422050762_0.gif&u=)
-
7
S. Korean envoys convene to navigate strategy amid Middle East tensions
-
8
Korean, Romanian leaders discuss defense tech, nuclear energy
-
9
North Korea fires several short-range ballistic missiles into sea: JCS
-
10
Samsung, SK hynix investors dump shares on Nvidia crash
![[Graphic News] 77% of young Koreans still financially dependent](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/22/20240422050762_0.gif&u=)
Hanwha Life acquires 4% stake in US loan company Lending Club
By 황유미Published : Oct. 18, 2016 - 10:27
[THE INVESTOR] Hanwha Life Insurance has acquired 4.1 percent stake in Lending Club, a US peer-to-peer lending company for 75 billion won (US$66.24 million), it reported on Oct. 17.
As the largest company in the business, Lending Club has disbursed US$20.6 billion loans by June 2016, and its total market value, once as high as 10 trillion won following its IPO in 2014, is currently 2.4 trillion won.
The insurance arm of Hanwha Group has a strategic partnership with Lending Club and “thought that its stocks were undervalued after its stock price was slashed due to the recent scandal involving its CEO, and purchased the stake,” said an official.
As the largest company in the business, Lending Club has disbursed US$20.6 billion loans by June 2016, and its total market value, once as high as 10 trillion won following its IPO in 2014, is currently 2.4 trillion won.
The insurance arm of Hanwha Group has a strategic partnership with Lending Club and “thought that its stocks were undervalued after its stock price was slashed due to the recent scandal involving its CEO, and purchased the stake,” said an official.
In addition to gaining peer-to-peer financing knowhow from the marketplace lender, Hanwha Life Insurance expects to make profit in the long term, he added.
By Hwang You-mee (glamazon@heraldcorp.com)
![[Exclusive] Korean military to ban iPhones over security issues](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/23/20240423050599_0.jpg&u=20240423183955)
![[Today’s K-pop] Ateez confirms US tour details](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/23/20240423050700_0.jpg&u=)