South Korea’s pension fund NPS risks massive loss from Homeplus fiasco
South Korea’s National Pension Service (NPS), the nation’s biggest institutional investor, could lose more than 1 trillion won ($692 mil...
Hana Financial to boost corporate value by raising shareholder returns
South Korea’s Hana Financial Group aims to increase corporate value by ramping up shareholder returns based on a sustainable profit structure ...
Meritz leaps to No. 2 financial holding firm in South Korea
Meritz Financial Group Inc., once a medium-sized financial service firm in South Korea, has become the second-most valuable publicly traded financia...
S.Korea’s top financial regulator pushes tax support for value-up program
South Korea is ramping up efforts to encourage companies to enhance shareholder value by providing tax support for its corporate value-up program, a...
Meritz cheers record profit in 2024, boasts top 3 market cap
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 CEO Yim Jong-yong should stay for governance: FSS chief
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...
S.Korea’s default risk dips below pre-martial law levels
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...
S.Korea to allow listed firms to trade cryptocurrencies in second half
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...
Glenwood Credit stresses role as reliable financial partner: CEO Lee
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 reclaims top spot as S.Korea’s leading lender
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 to buy back $359 bn in shares after record net 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 to buy back $280 mn shares after record 2024
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...
Korean financial holding firms log record-high profits in 2024
South Korea’s top four financial holding firms are estimated to have posted their highest-ever profits in 2024, driven by hefty interest incom...
Korean exports snap 15 months of gains in Jan despite higher chip sales
South Korea’s exports dropped in January on-year for the first time in 16 months due to more holiday days in the month, although overseas sale...
KT to sell financial security unit for $59 mn for restructuring
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 PE exits Woori Financial with double-digit return
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...
Hana Financial, Bain Capital to expand investment in S.Korea
South Korean Hana Financial Group and the US-based global well-known private equity fund (PEF) Bain Capital plan to strengthen their strategic par...
How STIC Investments’ bet on animal fat processor DK O&T paid off
In South Korea, businesses handling livestock by-products have lacked investor appeal. They were usually mom-and-pop businesses and appeared to hold...
K Bank drops 2025 IPO in 3rd Kospi listing cancellation
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...
Korea Inc. to face refunding risks with record corporate bond maturities
South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...
KEPCO expects all-time high $207 mn in 2024 overseas investment returns
Korea Electric Power Corp. (KEPCO), the state-run utility company, expects to post its highest-ever overseas business performance this year, thanks ...
Hanwha's financial companies open AI center in San Franciso
South Korea’s seventh-largest conglomerate’s financial companies have opened a joint artificial intelligence center in San Francisco, a ...
Hong Kong-based PEF Affinity Equity to acquire control of Lotte Rental
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...
BOK to buy repos to counter martial law-driven market tantrum
South Korea’s central bank will provide "unlimited" liquidity to the country’s financial markets by purchasing repurchase agreements, or...
MBK kicks off Lotte Card sale for about $1.4 bn in 2nd bid
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...
NPS enjoys 9.2% return as of Q3 on bullish US stocks
The National Pension Service (NPS), South Korea’s largest institutional investor, reported a preliminary 9.18% return from investments, equiva...
Lotte Group denies liquidity crisis rumors to calm bond holders
Lotte Group on Thursday denied liquidity crisis rumors sparked by Lotte Chemical Corp.'s struggle to meet a bond redemption request after the South ...
US private equity giant Apollo opens Seoul office for APAC expansion
Apollo Global Management Inc., a US private equity powerhouse, said on Monday it has opened an office in Seoul to expand its business in the Asia Pa...
Shinsegae affiliate SSG.COM secures Olympus as new financial investor
Korean retail giant Shinsegae Group’s online shopping mall operator SSG.COM has secured Olympus, a special purpose company created by Korean b...
SFH, where foreign firms build networks in Korea
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...
