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 ...
South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are ...
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...
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 ...
Naver Corp., South Korea’s dominant online platform, has ventured into the image-generative artificial intelligence market, challenging its ar...
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...
South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing gro...
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...
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...
Macquarie Asset Management, part of Australian investment bank Macquarie Group, is set to buy Loca Mobility Corp., Lotte Card Co.’s subsidiary...
South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...
South Korea’s online business giant Naver Corp. said on Thursday it has signed an initial agreement with the Saudi Arabian government to assis...
LINE Corp. and Mizuho Financial Group’s plan to introduce an internet-only bank in Japan has fallen through about five years after they unveil...
Hancom Inc. and Naver Cloud announced on Wednesday a strategic partnership to integrate Naver Cloud's large-scale artificial intelligence (AI) "Hype...
South Korea’s Ably Corp., operator of the fashion shopping app Ably, has attracted 50 billion won ($39 million) via venture debt amid the slow...
South Korea's mobile payment and digital wallet service Samsung Pay will allow its Visa-affiliated credit cards issued in the country to make overse...
With South Korea setting new lows in birth rate every year, PharmaResearch on Wednesday said it will adopt an unprecedented system of childbirth and...
KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shi...
SK C&C, a leading information technology service provider in South Korea, has announced a partnership with Naver Cloud to develop ultra-large ar...
The launch of Apple Pay in South Korea on Tuesday is poised to shake up the country’s digital payment market as the sector leader Samsung Pay ...
Three large cloud service providers (CSPs) in South Korea will participate as a team in the project K-Cloud pursued by the government to verify dome...
South Korean biotech GI Innovation Inc. is slated to debut on the local public market at less than half of its pre-IPO investment value, facing luke...
South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...
South Korea’s top search portal Naver Corp. said on Friday that it had received a global certification for its compliance management system fr...
The Export-Import Bank of Korea said on Thursday that it had signed a memorandum of understanding (MOU) with NuScale Power, a US company that develo...
Naver's startup-nurturing organization, D2 Startup Factory (D2SF), announced on Wednesday its investment in Goodgang Labs, a company focused on de...
South Korea's SK C&C, an IT services unit of SK Group, on Tuesday said it has started building next-generation information and communications ...
If anyone at South Korea's National Pension Service has been planning a 2023 vacation, it might be time to cancel. The recent collapse of Silicon...
Apple's mobile payment service, Apple Pay, is set to launch domestically in South Korea on March 21, according to industry sources on Monday.With th...
Krafton Inc., a leading game developer in South Korea, is slated to establish a joint venture with Naver Z Corp., a metaverse unit of the country&rs...
Naver Corp. is shaking up South Korea’s online shopping market led by Coupang Inc. as it has launched a next-day delivery service to challenge...