Korea’s finance min, central bank chief to take on demographic crisis

South Korea’s finance minister and central bank chief on Monday agreed to address the world’s lowest fertility rate, a most urgent task ...

S.Korea to offer incentives to attract foreign scientists

South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...

Woori Bank expands services for foreign customers in S.Korea

Woori Bank announced on Friday that it has set up additional “global desks” dedicated to foreign customers, some of which will be open o...

Korea Investment Corp. appoints Park Il Young as its new CEO

South Korean sovereign wealth fund Korea Investment Corporation (KIC) announced on Thursday that it has appointed former World Bank Group executive ...

CJ Logistics, Aidin Robotics to co-develop logistics robots

South Korea’s CJ Logistics and Aidin Robotics recently signed a memorandum of understanding to co-develop and commercialize logistics robots.U...

Korea’s Hana Financial Group targets foreign customers

Hana Financial Group, South Korea’s third-largest financial holding company, is targeting foreign individual customers in the country with a d...

Korean banks post significant H1 profit drop at overseas operations

South Korea’s top four banks saw a significant drop in their overseas earnings in the first half as they focused more on domestic businesses s...

Hana Bank opens branch for foreign customers in Pyeongtaek

South Korea's Hana Bank said on Thursday that it opened a branch for foreigners in Pyeongtaek.The Pyeongtaek Foreign Customer Center, located in Pye...

Woori Financial launches $75 mn PF restructuring support fund

South Korea's Woori Financial Group has launched a 100 billion won ($74.96 million) project financing (PF) restructuring support fund.This marks the...

Mobility firms, banks replace battery, K-culture stocks in KEDI 30 Index

Mobility, financial services and biotech companies have elbowed out battery and entertainment stocks in the KEDI Innovator ESG 30 Index in an annual...

Korea's Woori Bank adds two more branches in India

South Korea’s Woori Bank announced on Thursday that It has opened additional branches in Pune and Ahmedabad, India.These are the bank's fourth...

Korea’s AI, robot startups shine despite funding drought

South Korea’s artificial intelligence and robotics startups raised more money through seed rounds than other sectors in August although invest...

Online lender K Bank aims for IPO at $4 bn valuation in Q4

Kbank, a South Korean online bank, is preparing to list on the main bourse Kospi at an estimated value of up to 5 trillion won ($3.8 billion) in the...

Korea’s credit loans balloon as regulators cap mortgages

Credit loans are ballooning in South Korea as regulators tightened their grips on record-high mortgages to rein in the growth in household lend...

Hana Bank opens overseas office in Monterrey, Mexico

Hana Financial Group announced on Thursday that it opened the Monterrey Office, the first business channel of Hana Bank Mexico, in Monterrey, Mexico...

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

Korea Investment Management to launch two India-focused ETFs

Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...

August inflation puts BOK under fire for delayed pivot

South Korea’s inflation moderated to the government’s target of 2.0% in August, its slowest increase in three years and five months, put...

Activst fund KCGI struggles to fund Hanyang Securities deal

KCGI, a South Korean private equity firm, has been struggling to raise funds for its 244.9-billion-won ($183 million) purchase of a controlling stak...

NPS logs 9.71% return in H1 led by US tech stocks

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 9.71% investment return for the first half of ...

Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia

Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, said on Wednesday it has signed a deal to acquire Tongya...

Bank of Korea holds rate steady, signals pivot to easing soon

South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...

Kookmin to tighten loan limits to cool housing market

Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...

BOK signals autumn rate cut as inflation, economic growth slow

South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...

Kolon Global, Hana Bank to form onshore wind power fund

South Korea's Kolon Global Corp. announced on Tuesday it signed an agreement with Hana Bank, Hana Alternative Asset Management, and MDM Asset Manage...

Asan Nanum Foundation revamps fund management

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...

CPPIB global private equity head Suyi Kim to leave

Suyi Kim, global private equity head at Canada Pension Plan Investments Board (CPPIB), is set to leave the world’s seventh-largest pension fun...

Hyundai AutoEver wins $66 mn public safety contract in Angola

Hyundai AutoEver Corp., a software subsidiary of Hyundai Motor Group, secured consecutive contracts to build public safety systems in African countr...

Samsung's financial arms beat No.1 banking group KB in profit

Samsung Group's financial services business has overtaken South Korea's No. 1 banking group KB Financial Group in terms of net profit, posing a thre...

Korean pension subscribers show ultra-low risk tolerance

South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...