BofA eyes its 1st Korean IPO management with K Bank deal
Bank of America Corp. (BofA) is quickly expanding its presence in the South Korean initial public offering market, where J.P. Morgan and Citigroup G...
Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...
Korea mulls tripling NPS' advance dollar funding limit
South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...
Shinhan Financial builds disaster response system
South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...
Hana Financial mulls non-banking M&As for growth: CEO
Hana Financial Group, one of South Korea's top five financial groups, is mulling mergers and acquisitions in non-banking sectors in a bid to seize n...
BOK chief signals rate cut; warns of rising housing prices
The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...
Korea slaps Credit Suisse with largest ever short-sale penalty
South Korea's financial regulator said on Wednesday it has officially imposed Credit Suisse Group AG and its affiliate a combined 27.2 billion won...
Korean banks to cut corporate loans for profitability
South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...
Samsung, KB Kookmin Card launch IoT credit card
Samsung Electronics Co. announced on Thursday it launched an Internet of Things (IoT) credit card in collaboration with KB Kookmin Card. The card us...
Samsung seeks $3.6 billion in loans from KDB for chip investment
South Korean tech giant Samsung Electronics Co. seeks to borrow as much as 5 trillion won ($3.6 billion) from the state-run Korea Development Bank t...
Korea FX authorities, NPS raise currency swap limit to $50 bn
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...
SK asks KDB for further funding before drastic restructuring
SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s state-run Korea Development Bank...
S.Korea’s Woori to team up with US Nuveen to enhance IB part
Woori Bank and Woori Asset Management, subsidiaries of South Korea's Woori Financial Group, announced on Sunday that they signed a memorandum of u...
BNK Capital opens microfinance organization in Uzbekistan
South Korea’s BNK Capital announced on Friday that it established a microfinance organization in Uzbekistan the previous day.Since entering Ca...
Kookmin to revive Indonesian banking arm through digitalization
KB Bukopin, the Indonesian banking arm of South Korea’s Koomin Bank, extended its losing streak through the first quarter of this year, weighe...
Shinhan Bank, Hyosung TNS, LG CNS to co-work for AI banking
South Korea's Shinhan Bank announced on Tuesday that it signed a memorandum of understanding with Hyosung TNS and LG CNS to implement future banking...
Shinhan Financial units to reside under one roof in Vietnam
Shinhan Financial Group Co. is upping the ante in the Vietnamese financial market to further widen the gap with rivals as the country’s leadin...
Korea's KDB widens gap in VC fundraising in H1; NPS to fund in July
The capital commitments of state-run Korea Development Bank (KDB) have widened the gap for South Korean venture capital firms in fundraising over ...
IGIS fund defaults on loan linked to German office
A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...
Korea’s LS Group to operate brokerage firm LS Securities
South Korean cable-to-energy giant LS Group said on Monday that it has renamed brokerage subsidiary eBest Investment & Securities to LS Securiti...
Korea's bad loan managers seek liquidity via bond sales
South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...
Korean banks broaden horizons to Mexico, Poland, Africa
South Korean banks are broadening their horizons beyond Asia into Mexico, Poland and Africa in step with Korean manufacturing companies’ globa...
KB Kookmin Bank, Cambodian Central Bank to build payment system
South Korea's KB Kookmin Bank announced on Friday that it signed a memorandum of understanding (MOU) with the National Bank of Cambodia to establish...
Tata, Korea's Woori to expand car financing services in Asia
Woori Financial Group Inc., the fourth-largest financial holding group in South Korea, and India’s top commercial vehicle maker Tata Motors Lt...
Woori Bank offers internship for SE Asian students in S.Korea
South Korea's Woori Bank announced on Tuesday that it is recruiting interns targeting Southeast Asian students studying in Korea.This program aims t...
S.Korea-Malaysia central banks renew currency swap agreement
Central banks of South Korea and Malaysia renewed a bilateral local currency swap arrangement for an additional three years, the Bank of Korea (BOK)...
Deutsche Bank's Korea IB head quits after country head resigns
Cho Man Chul, managing director and head of investment banking at Deutsche Bank in Korea, has resigned, according to people with knowledge of the ma...
Korea’s household debt growth at 5-month high on mortgages
South Korea’s household lending growth hit a five-month high in April as mortgage loans increased amid signs of a recovery in the property mar...
South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...
Near-zero interest rate deposits swell at Korean banks
Demand and short-term deposits at South Korea’s top five banks have expanded 5% to 657 trillion won ($480 billion) in the first quarter of thi...
