BC Card signs contracts for Indonesia's digital payment project

BC Card Co., a South Korean credit card company, said on Friday it has signed two contracts to provide digital payment services for Indonesia’...

KEXIM bank inks $6 billion financing deal with Aramco

The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...

Apple Pay's S.Korea debut as early as third week in March

Apple Pay, the mobile payment service by iPhone maker, is set to launch in as early as two weeks in South Korea, home to the world’s largest s...

S.Korea-Indonesia central banks renew currency swap agreement

Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...

S.Korea's K Bank posts highest net profit in 2022

K Bank, a South Korean Internet-only bank, reported a net profit of 83.6 billion won ($63.6 million) in 2022, which nearly quadrupled compared to th...

S.Korean EV charger maker lands $770 mn export deal in North America

South Korea's Moderntec, an electric vehicle (EV) charging solutions company, on Wednesday said it signed a three-year export contract with a partne...

Naver’s HyperCLOVA X: More Korean-proficient than ChatGPT

South Korea’s online giant Naver Corp. will unveil an updated version of its AI platform HyperCLOVA, HyperCLOVA X, which it said better unders...

BC Card shows one-stop payment int'l network at MWC 2023

BC Card, the only credit card company from South Korea taking part in this year's Mobile World Congress (MWC) in Barcelona, Spain, is displaying at ...

BOK holds rates as it lowers growth, inflation forecasts

South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation altho...

Naver, Creverse sign agreement for hyperscale AI education cooperation

Naver Corp., South Korea's largest search engine company, has signed an agreement with Creverse Co., an education company, to provide support for el...

S.Korea sees first decline in household loans in 20 years

Household loans in South Korea last year fell from 2021 for the first time in 20 years because of high interest rates, but credit card debt hit a re...

Samsung Electronics, Naver partner to create simple payment service

Samsung Electronics Co. and South Korea's Naver Financial have formed a simple payment service alliance in which users of Samsung Pay can make simpl...

Hanwha expects high-stakes US solar projects to pay off

South Korea’s chemicals-to-construction conglomerate Hanwha Group expects its high-stakes solar energy business to pay off amid industry forec...

S.Korea to lure global talent with high pay for space agency

South Korea is set to attract global talent with high salaries for a planned government space agency as the country aims to boost long-term growth i...

Korea's Yoon presses banking, telecom sectors over inflation

South Korean President Yoon Suk-yeol on Wednesday called for measures to stabilize mounting price pressure caused by "oligopolies" in the banking an...

S.Korean IT firms rush for tie-ups to compete with ChatGPT

South Korean tech companies are rushing to form partnerships in different sectors to develop superior AI services to compete with ChatGPT, a chatbot...

Kakao Pay joins MSCI Korea Index

Kakao Pay Corp., the mobile payment arm of South Korean tech firm Kakao Corp., has been added to the Morgan Stanley Capital International (MSCI) Kor...

S.Korea's banks see deposits plummet $35.5 billion in Jan

Banks in South Korea last month saw deposits plummet over 45 trillion won ($35.5 billion) from the previous month due to a decline in deposit intere...

Kakao Bank announces record-high performance in 2022

South Korea's KakaoBank Corp. on Wednesday said its net profit last year reached a record-high 263.1 billion won ($208.6 million), up 28.9% from 202...

Hyundai Card to provide Apple Pay in South Korea

Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The American tech giant s...

Fintech firm Kakao Pay logs first yearly net profit in 2022

Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., posted a net profit last year for the first time since its ...

Industrial Bank of Korea goes all in with Eastern Europe push

Industrial Bank of Korea (IBK) will open an office in Poland in the first half of this year, with analysts saying the bank's president Kim Seong-tae...

Online portal Naver to release AI-powered search chatbot in H1

South Korean online portal giant Naver Corp. is set to launch a beta version of Search GPT, an artificial intelligence-powered search service, in th...

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

S.Korea's online K Bank withdraws plan for Kospi listing

South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...

BC Card signs strategic partnership deal with Mongolian Central Bank

South Korea's credit card issuer BC Card said on Monday that it has signed a strategic partnership deal with the Bank of Mongolia.With this collabor...

Woori Bank's Vietnam subsidiary reports record-high performance

Woori Bank Vietnam, South Korean lender Woori Bank's local subsidiary in Vietnam, had heydays last year, tiding over the aftermath of the COVID-19 o...

Bank's retirement pension soars 15% to $107 bn last year

Retirement pensions at banks in the fourth quarter of last year emerged as a haven for money that tried to generate a stable return, shunning away f...

Kakao Pay and Hanwha Aerospace likely to be added to MSCI Korea Index

South Korea's Kakao Pay Corp. and Hanwha Aerospace Co. next month are expected to get newly incorporated into the MSCI Korean Index, which measures ...

SK E&S moves into EV charging market

South Korea's liquefied petroleum gas supplier SK E&S said on Wednesday that its subsidiary Parking Cloud will begin electric vehicle charging s...