Naver Pay Hana Bank
Scope
Date
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Artificial intelligence
Naver’s search engine dominance under siege as Google, MS advance
South Korea’s online portal Naver Corp., the undisputed search engine leader in the domestic market for decades, is under siege as global Big ...
May 23, 2023 (Gmt+09:00)
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Webtoons
Naver Webtoon's Toon Filter creates 20 mn AI-converted images
South Korea’s Naver Webtoon Corp. on Monday said over 20 million converted images were created in a week after the May 12 pilot launch of its ...
May 23, 2023 (Gmt+09:00)
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Banking & Finance
Korea's loan delinquency rates soar; outlook to worsen in H2
South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...
May 22, 2023 (Gmt+09:00)
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Content platforms
A Goliath vs. Davids battle in the S.Korean OTT market
Netflix Inc. is poised to further distance itself from its money-losing local peers in the South Korean video streaming market this year, as it make...
May 22, 2023 (Gmt+09:00)
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ASK 2023
Private debt will offer both income and downside protection: ASK 2023
Global investors will find opportunities to increase positions in private debt markets amid high interest rates this year and need to strengthen their...
May 17, 2023 (Gmt+09:00)
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Corporate strategy
SK, Hana Financial groups to jointly develop credit rating model
South Korea’s SK Group and Hana Financial Group are jointly developing a next-generation credit rating model for the financially disadvantaged...
May 17, 2023 (Gmt+09:00)
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Artificial intelligence
Samsung, Naver to jointly develop generative AI to rival ChatGPT
South Korea’s two tech giants – Samsung Electronics Co. and Naver Corp. – have agreed to jointly develop a generative artificial i...
May 14, 2023 (Gmt+09:00)
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Artificial intelligence
Does Google Bard in Korean pose any risk to Naver, Kakao?
MOUNTAIN VIEW, California – Global tech giant Google on Wednesday unveiled an upgraded version of Bard, its generative artificial intelligence...
May 12, 2023 (Gmt+09:00)
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Economy
S.Korea to see 240K drop in number of manufacturing workers by 2032
The number of workers in South Korea's manufacturing sector is expected to drop by 240,000 over the next 10 years, a report says, caused by the decl...
May 10, 2023 (Gmt+09:00)
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Earnings
Poshmark powers Naver earnings; HyperCLOVA X the next booster
South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It ...
May 09, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kyobo Life in final talks to buy Kakao Pay Insurance
South Korea’s third-largest life insurer Kyobo Life Insurance Co. is in the final stages of talks to buy Kakao Pay Insurance Corp., an online ...
May 09, 2023 (Gmt+09:00)
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Webtoons
Naver Webtoon targets entertainment business in Japan
Naver Webtoon Ltd., the world’s top digital comics provider, is targeting the entertainment sector in Japan as it aims to expand its intellect...
May 08, 2023 (Gmt+09:00)
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Infrastructure
Hyundai Rotem, Hana Bank to promote private railway project
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, announced on Monday that it has signed an infrastructure fund inve...
May 08, 2023 (Gmt+09:00)
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Central bank
BOK chief says rate cut premature despite slower growth
South Korea’s central bank chief on Wednesday said it is too early to suggest starting to cut interest rates as inflation remains above its ta...
May 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Kakao Pay to buy 51% of US financial firm Siebert
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., announced on Thursday it has signed an a...
Apr 27, 2023 (Gmt+09:00)
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Pre-IPOs
KKR mulls investing $150 mn in Korean fashion platform Musinsa
Musinsa Co., South Korea’s leading online fashion platform, is in the final stage of attracting 200 billion won ($149.8 million) from US priva...
Apr 25, 2023 (Gmt+09:00)
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Earnings
Hyundai Motor to pay quarterly dividends with record Q1 profit
Hyundai Motor Co. on Tuesday reported its largest-ever quarterly profit, which soared a whopping 86.3% from a year earlier, while unveiling a plan t...
Apr 25, 2023 (Gmt+09:00)
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Business & Politics
S.Korea’s five major companies form data network alliance
South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...
Apr 19, 2023 (Gmt+09:00)
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Memo from Howard Marks
Lessons from Silicon Valley Bank
This isn’t going to be another history of the meltdown of Silicon Valley Bank. Dozens of those have appeared in my inbox over the past mon...
Apr 18, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks’ profits hamstrung by tighter rules, consumer behavior
South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are ...
Apr 18, 2023 (Gmt+09:00)
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Metaverse
Krafton, Naver Z to establish metaverse joint company
Krafton Inc., a leading game developer in South Korea, is establishing a joint company for a metaverse platform business with Naver Z Corp., a metav...
Apr 17, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s first-generation bio companies set up support fund for new ventures
South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...
Apr 14, 2023 (Gmt+09:00)
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Artificial intelligence
Naver launches image-generating platform Lasco AI
Naver Corp., South Korea’s dominant online platform, has ventured into the image-generative artificial intelligence market, challenging its ar...
Apr 13, 2023 (Gmt+09:00)
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Private equity
NPS, Korea Investment to sell off stake in Brazilian miner CBMM
South Korea’s National Pension Service (NPS) and Korea Investment Private Equity Co. are set to sell off their stake in a Brazilian rare metal...
Apr 11, 2023 (Gmt+09:00)
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Central bank
BOK chief says tightening not over after rate freeze
South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing gro...
Apr 11, 2023 (Gmt+09:00)
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Central bank
BOK to hold rate on Tuesday as inflation, growth ease
South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...
Apr 10, 2023 (Gmt+09:00)
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Corporate strategy
Lotte Group secures $3.8 bn funding from four major Korean banks
Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...
Apr 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Macquarie to buy Lotte’s S.Korean transportation card unit
Macquarie Asset Management, part of Australian investment bank Macquarie Group, is set to buy Loca Mobility Corp., Lotte Card Co.’s subsidiary...
Apr 05, 2023 (Gmt+09:00)
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Shareholder activism
JB Financial wins proxy fight against activist fund Align Partners
South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...
Mar 31, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver to aid in Saudi’s digital transformation, green light for Neom deal
South Korea’s online business giant Naver Corp. said on Thursday it has signed an initial agreement with the Saudi Arabian government to assis...
Mar 30, 2023 (Gmt+09:00)
Latest News
- 1 Invesco, SK D&D likely to buy co-living building in Seoul
- 2 Coupang bids for Korean luxury market dominance with Farfetch
- 3 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 4 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 5 Korea to allow non-profits to buy bad consumer loans