financial crisis

Meritz Financial Group Inc. has reported its best-ever net profit for last year thanks to handsome gains from investments by its insurance and secur...

Woori Financial Group Chief Executive and Chairman Yim Jong-yong should keep his post through to the end of his term and lead the banking group&rsqu...

South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...

South Korea plans to allow companies listed on the local stock market to trade virtual assets, including cryptocurrencies, on a pilot basis in the s...

Many companies, big and small, sell or buy affiliated units to raise funds or narrow their focus during economic downturns, and to fund expansion or...

Shinhan Bank, a key arm of Shinhan Financial Group, reclaimed its position as South Korea’s top lender posting its largest-ever profit in 2024...

KB Financial Group Inc., South Korea’s largest financial holding group, will spend nearly 1.8 trillion won ($1.2 billion) to boost shareholder...

Hana Financial Group will buy back 400 billion won ($280 million) worth of shares to retire, marking its largest-ever repurchase, in line with ongoi...

South Korea’s top four financial holding firms are estimated to have posted their highest-ever profits in 2024, driven by hefty interest incom...

South Korea’s KT Corp. is set to sell Initech Co., its Kosdaq-listed financial security unit, for 85 billion won ($59.1 million) as the leadin...

IMM Private Equity has divested its remaining 1.38% stake in Woori Financial Group for 166.4 billion won ($115 million), exiting the South Korean fi...

South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rate...

South Korean Hana Financial Group and the US-based global well-known private equity fund (PEF) Bain Capital plan to strengthen their strategic par...

In South Korea, businesses handling livestock by-products have lacked investor appeal. They were usually mom-and-pop businesses and appeared to hold...

Global credit rating agencies are warning of looming downward pressure on South Korea’s sovereign credit rating about a month after Asia&rsquo...

The Export-Import Bank of Korea (Eximbank) said on Wednesday it issued a total of $3 billion in global bonds, targeting worldwide investors.The matu...

K Bank, a South Korean online lender, said on Wednesday it has again canceled its initial public offering plan amid the languid stock market an...

South Korea's SK Nexilis Co., the world’s largest copper foil maker, said on Monday it received a $133 million subsidy from the Polish gover...

Korea Electric Power Corp. (KEPCO), the state-run utility company, expects to post its highest-ever overseas business performance this year, thanks ...

South Korea’s seventh-largest conglomerate’s financial companies have opened a joint artificial intelligence center in San Francisco, a ...

South Korean President Yoon Suk Yeol survived an impeachment vote against him after an overwhelming majority of governing party lawmakers boycotted ...

South Korea’s credit rating remained unscathed by the political turmoil caused by the short-lived martial law declaration of President Yoon Su...

Affinity Equity Partners, a Hong Kong-based investment firm, will acquire a controlling stake in South Korea’s No. 1 car rental and leasing co...

South Korea’s central bank will provide "unlimited" liquidity to the country’s financial markets by purchasing repurchase agreements, or...

Lotte Card Co. is expected to be up for grabs in the first half of next year amid a second sale attempt by its largest shareholder MBK Partners, a N...

South Korea’s central bank lowered interest rates for a second straight meeting on Thursday in a surprise move and left the door open for anot...

Lotte Group on Thursday denied liquidity crisis rumors sparked by Lotte Chemical Corp.'s struggle to meet a bond redemption request after the South ...

Korean retail giant Shinsegae Group’s online shopping mall operator SSG.COM has secured Olympus, a special purpose company created by Korean b...

It can be daunting to do business in a new city in a distant country. But foreign companies seeking to open businesses in South Korea’s capita...

South Korea’s financial authorities are considering fining British multinational investment bank Barclays plc and US investment banking group ...