Shinhan Bank reclaims top spot as S.Korea’s leading lender

Shinhan Bank, a key arm of Shinhan Financial Group, reclaimed its position as South Korea’s top lender posting its largest-ever profit in 2024...

South Korea allows foreigners to trade treasuries via omnibus accounts

South Korea will allow foreign investors to trade South Korean treasury bonds via omnibus accounts under the names of global custodians or asset man...

Korean bonds heavily oversubscribed in January boom

South Korea’s debt market got off to a strong start this year, as several blue chip companies made a bold return to the bond market for new is...

MBK’s ByungJu Kim, UBS’ Kyungin Lee: Most influential in capital market

Michael ByungJu Kim, co-founder, partner and chairman of Northeast Asia-focused private equity firm MBK Partners Ltd., and Kyungin David Lee, UBS Gl...

Real estate debt outshines corporate credit: Savills IM

Private credit has been among the top picks for alternative investors over the past few years. During the period of high interest rates, corporate l...

Bank of Korea seen cutting interest rates by 25 bps in January

The Bank of Korea (BOK) is widely expected to cut interest rates by 25 basis points on Thursday amid the nation's softening economy and moderating i...

Korean lenders to Accell warn they may boycott KKR

KKR & Co. is facing a huge backlash from South Korean financial services firms after the debt restructuring of Dutch bicycle manufacturer Accell...

K Bank drops 2025 IPO in 3rd Kospi listing cancellation

K Bank, a South Korean online lender, said on Wednesday it has again canceled its initial public offering plan amid the languid stock market an...

South Korea expands foreign banks' access to forex market

An increasing number of foreign banks without a physical presence in South Korea are gearing up to offer dollar-won conversion services to non-Korea...

Global investment banks see Korean won staying weak in 2025

The South Korean won is forecast to hover in the mid-1,400s level against the dollar through the third quarter of 2025, according to global investme...

Korea debt financing faces woes as $34 bn in corporate bonds mature in H1

South Korea’s financial markets will see nearly 50 trillion won ($34 billion) in corporate bonds mature in the first half of next year —...

Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Online lender K Bank eyes Feb 2025 IPO at lower valuation

K Bank, a South Korean online lender, is making a fresh attempt to list on the Korean stock market in February 2025 as bitcoin’s record-breaki...

S.Korea’s c.bank chief sees limited impact of political turmoil on economy

South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...

RaonSecure to supply biometrics to SBI Sumishin Net Bank

South Korean cybersecurity firm RaonSecure Co. said on Monday it signed a $2.5 million contract with SBI Sumishin Net Bank, the largest internet ban...

Korean firms halt bond, share issues despite tighter liquidity

South Korean companies are postponing bond issues and initial public offerings on chilled investor sentiment in the aftermath of President Yoon Suk ...

IFM Investors bets big on infrastructure investing: Gee-Grant

IFM Investors, a global investment manager owned by Australian pension funds, is looking to infrastructure as the fastest-growing asset segment for ...

BOK makes 1st back-to-back rate cut since 2009 global crisis

South Korea’s central bank lowered interest rates for a second straight meeting on Thursday in a surprise move and left the door open for anot...

KB Kookmin Card, UnionPay to cooperate on marketing

South Korea's KB Kookmin Card said on Tuesday it signed a memorandum of understanding (MOU) with China's UnionPay to cooperate on marketing. ...

BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey

South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...

Woori Bank to arrange $3.7 bn for Qatar desalination, power plant

South Korea's Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project, estimated to cost $3.7 billi...

Hanmi Bank rises from Koreatown lender to regional bank

It began in 1982 as a small community bank for Korean immigrants in Los Angeles, California. Today, Hanmi Bank, under Nasdaq-listed Hanmi Financial ...

State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

KB Financial first in Korean banking to achieve ISO human capital standard

South Korea’s KB Financial Group said on Tuesday that it had obtained ISO 30414 certification, becoming the first in the domestic financial se...

KakaoBank, SCBX to open internet bank in Thailand

South Korea's KakaoBank Corp. said on Sunday it partnered with Thailand’s financial giant SCBX to establish a local virtual bank.   ...

Korea’s household debt sees ‘balloon effect’ as rules tightened in Seoul

South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metrop...

NPS commits $436 mn to Koramco, Hana Alternative for real estate lending

The National Pension Service (NPS), South Korea’s largest institutional investor, has selected Koramco Asset Management Co. and Hana Alternati...

S.Korea provides financial education for foreigners in bank

South Korea's Financial Supervisory Service (FSS) launched financial education for foreign residents at specialized bank branches for foreigners. T...

Korea's Hana Bank to promote foreigners as managers in overseas units

South Korean banks are set to reshuffle overseas units by promoting local staff to management positions, in a bid to boost the sluggish profitabilit...

Korea’s LG CNS, DN Solutions seek billions of dollars via Jan IPOs

LG CNS Co., DN Solutions Co. and other South Korean companies aim to raise billions of dollars through domestic initial public offerings (IPOs) in J...