Standard Chartered's director attributes ESG success to board-led decisions

When it comes to the banking sector's environmental, social, and governance (ESG) efforts, an industry veteran says the success depends on the chief...

NPS fund management taps former GEPS CIO Seo as new chief

National Pension Service (NPS) of South Korea, the world's third-largest pension fund, has tapped Seo Won-joo as the new chief investment officer, a...

85% of S.Korea's Gen MZ have contactless savings accounts

A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use cont...

Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward

South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...

US non-agency mortgage-backed securities to shine in 2023: TCW

Amid the tightening of the Federal Reserve, among the most impacted asset classes were agency mortgage-backed securities (MBS), issued by US governm...

KEXIM to provide $1.2 bn project financing for Indonesian refinery project

The Export-Import Bank of Korea (Eximbank) announced on Friday that it has signed a $1.2 billion project financing agreement with the Indonesian sta...

Korean Air resumes regular staff recruitment for 1st time in 3 years

Korean Air Lines Co. for the first time in three years has resumed regular staff recruitment that was suspended by the COVID-19 pandemic.Airline ind...

Hana Bank signs agreement for 24-hour forex trading

Hana Bank said on Friday that it signed a strategic memorandum of understanding (MOU) with Toss Securities for 24-hour foreign exchange trading at t...

Hyundai CE to support low-interest installment financing for customers

South Korea's Hyundai Construction Equipment Co. Ltd. has joined hands with Hyundai Commercial, a company specializing in industrial and corporate f...

Korea Exchange, Uzbek Ministry of Finance sign agreement for cooperation

The Korea Exchange (KRX) has agreed to cooperate with the Ministry of Finance of Uzbekistan on the maintenance of the stock market IT system. T...

Korea Shinhan Financial taps banking unit head as group CEO

Shinhan Financial Group appointed the head of its flagship banking unit as the group’s next chief executive officer as the major South Korean ...

BNK Capital launches operations at Kyrgyzstan subsidiary

Korea's loan and financing company BNK Capital on Thursday said its subsidiary in Kyrgyzstan, MCC BNK Finance LLC, has launched operations as its si...

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...

Average household debt in South Korea exceeds $69,000 so far this year

The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...

KEPCO raises $368 mn via bond issuance on heated demand

Korea Electric Power Corp. (KEPCO) saw on Nov. 27 around 1.7 trillion won ($1.3 billion) worth of investor bids for its bond issuance targeting 400 ...

Finance ministry stresses need to reduce maximum corporate tax rate

A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...

KEPCO turns from bonds to banks for money on govt plans

Korea Electric Power Corp. (KEPCO) is set to raise 600 billion won ($442 million) from a local bank in a plan to seek loans to secure money instead ...

KEB Hana secures 6% stake in Onmind, part of SK Square's porfolio

SK Square Co. announced on Monday that Onmind Inc., one of its portfolio companies, raised 2 billion won ($1.5 million) from KEB Hana Bank. The...

Korean brokerages' restructuring targets investment banking units

South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...

Korea's KB Securities to earn market's 1st quadruple crown

In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...

Korean American women leaders in finance stress finding joy in work

NEW YORK – One by one, impeccably dressed Korean American women flocked into the Anchorage Capital Group’s headquarters in New York City...

BOK to ease Legoland developer default-led credit crunch

South Korea’s central bank joined rescue moves to improve liquidity in the local bond market and alleviate the fallout from a debt default by ...

Korean banks log record profits on rising interest rates

South Korea’s major financial groups enjoyed record quarterly earnings as higher policy interest rates increased lending rates, powering the p...

SK On raises $2 bn in bank loans for Hungary plant

SK On Co., a South Korean battery maker, has raised $2 billion in bank loans to build its third plant in Hungary, a regulatory body said on Thursday...

Banks' term deposits attract largest sum in 20 yrs

A fresh 36.4 trillion won ($25 billion) was placed into bank accounts in South Korea in September, whereas 12.4 trillion won ($8.6 billion) was with...

Korean corporate bond issuance hits 2022 monthly low in September

South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...

Korea on watch list for WGBI inclusion; hoping for bond inflows

FTSE Russell, a global index provider, added South Korea to the watch list for potential inclusion in its FTSE World Government Bond Index (WGBI), p...

S.Korea to take measures to support stock, bond markets

South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...

Korea Investment & Securities and Stifel Financial form joint venture 

Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...

Aircraft maker KAI: Hanwha Group's new M&A target?

Hanwha Group’s agreement to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME) Co. for 2 trillion won ($1.4 billio...