financial investment gains tax
Scope
Date
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Tech, Media & Telecom
Samsung SmartThings gets global certification for information security
Samsung Electronics Co. announced on Friday that its global connected living platform SmartThings received the ISO/IEC 27001:2022 certification for ...
Jul 26, 2024 (Gmt+09:00)
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Earnings
Woori Financial vows higher shareholder returns, value-up after record Q2
Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, plans to significantly enhance its shareholder va...
Jul 26, 2024 (Gmt+09:00)
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Banking & Finance
KB Financial's quarterly profit hits record on interest margin growth
South Korea’s largest financial holding group KB Financial Group Inc. has logged its record quarterly profit in the April-June period, thanks ...
Jul 24, 2024 (Gmt+09:00)
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Artificial intelligence
S.Korea's Rebellions secures investment from Aramco
Rebellions Inc., a South Korean artificial intelligence chip design startup, announced on Tuesday that it secured investment from Saudi Arabia's sta...
Jul 23, 2024 (Gmt+09:00)
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Investment banking
Goldman Sachs taps ex-Morgan Stanley MD as Korea co-head
Goldman Sachs Group Inc. said on Monday that it has appointed Ahn Jae-hoon, former managing director at Morgan Stanley & Co. LLC as country co-h...
Jul 22, 2024 (Gmt+09:00)
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Korean stock market
Young Korean investors choose monthly dividend ETFs over crypto
For decades, investments in financial products that promise decent dividend payouts such as high-dividend stocks have been associated with elderly i...
Jul 22, 2024 (Gmt+09:00)
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Infrastructure
Net zero, digitalization to boost private infrastructure investment
Infrastructure debt is a growing asset class with much to offer investors, with a wide range of assets and characteristics available. AllianzGI mana...
Jul 19, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MG Non-Life Insurance deal falls through with no bidders
The sale of South Korean mid-sized insurer MG Non-Life Insurance Co. has been canceled as the financially distressed insurer failed to attract any b...
Jul 19, 2024 (Gmt+09:00)
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Alternative investments
Shinhan Securities, Stockeeper to cooperate on STO
South Korea's Shinhan Securities announced on Friday that it signed a memorandum of understanding (MOU) with Stockeeper on Thursday to promote a sec...
Jul 19, 2024 (Gmt+09:00)
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Korean startups
S.Korea's early stage VC funding down amid dearth of targets
Early stage startup funding has plummeted in South Korea as venture capitalists shifted to late-stage venture firms with stable business models amid...
Jul 19, 2024 (Gmt+09:00)
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Banking & Finance
NH Investment selected as UN GCF manager
South Korea's NH Investment & Securities announced on Thursday that it was selected as the first Asian securities firm to manage the Climate Tec...
Jul 19, 2024 (Gmt+09:00)
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Economy
Korean banks raise mortgage rates despite looming rate cut
South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...
Jul 17, 2024 (Gmt+09:00)
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Banking & Finance
KB Star exchange-traded funds rebranded as Rise
South Korea’s KB Asset Management Co. announced on Wednesday that it will change the name of its ETF brand from "KB Star" to "Rise."The names ...
Jul 17, 2024 (Gmt+09:00)
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Artificial intelligence
SK invests $200 mn in US AI cluster builder SMART Global
SK Telecom Co. said on Tuesday it has agreed to invest $200 million in SMART Global Holdings Inc. (SGH), a US artificial intelligence cluster builde...
Jul 16, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Financial builds disaster response system
South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...
Jul 15, 2024 (Gmt+09:00)
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Banking & Finance
Hana Financial mulls non-banking M&As for growth: CEO
Hana Financial Group, one of South Korea's top five financial groups, is mulling mergers and acquisitions in non-banking sectors in a bid to seize n...
Jul 12, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Elec invests in US bio startup Element Biosciences
Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Biosciences Inc. to ex...
Jul 12, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung to invest $52 mn in US biotech VC Flagship Pioneering
Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...
Jul 11, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset's India Billion Consumer ETF surpasses $150 mn in net assets
South Korea's Mirae Asset Global Investments said on Thursday that the net assets of its TIGER India Billion Consumer ETF surpassed 200 billion wo...
Jul 11, 2024 (Gmt+09:00)
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Real estate
GIC taps its real estate expert Jasmine Loo as new Korea head
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund with around $770 billion in assets under management, has t...
Jul 11, 2024 (Gmt+09:00)
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Energy
Korea’s GS Entec to invest $217 mn in wind power business
South Korea’s GS Entec Corp. is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it shifts ...
Jul 09, 2024 (Gmt+09:00)
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Real estate
Korea’s POBA to invest $109 mn in Koramco’s office REIT
South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...
Jul 08, 2024 (Gmt+09:00)
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Real estate
NPS-backed new prime office building in Seoul struggles with poor demand
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is seeing little demand for a Seoul-based new prim...
Jul 05, 2024 (Gmt+09:00)
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Asset management
Young rich Koreans: Financially literate, self-directing
Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...
Jul 05, 2024 (Gmt+09:00)
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Banking & Finance
Meritz to return 50% of net profit to shareholders
Meritz Financial Group Inc. became the first South Korean financial holding company to unveil a concrete shareholder return plan, pledging to alloca...
Jul 05, 2024 (Gmt+09:00)
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Korean stock market
Korean IPO boom sets record; bubbles burst post debut
South Korea’s initial public offerings in the first half of this year were oversubscribed 1,610 times, the highest-ever rate for a half-year p...
Jul 04, 2024 (Gmt+09:00)
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Leadership & Management
SK Square to ramp up chip investment with new CEO
South Korea’s No. 2 conglomerate SK Group said on Thursday that its investment arm SK Square Co., led by new CEO Han Myung-jin, will ramp ...
Jul 04, 2024 (Gmt+09:00)
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Korean chipmakers
Doosan Tesna to invest $160 mn in chip testing plant in Korea
South Korea’s Doosan Tesna Inc. will build a semiconductor testing factory in the country with an investment of 220.6 billion won ($159.7 mill...
Jul 04, 2024 (Gmt+09:00)
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Korean games
Nexon to see record sales on The First Descendant, DnF Mobile
Gaming giant Nexon Co. is set to enjoy record sales this year thanks to the strong debut of its new title The First Descendant and the success of a ...
Jul 04, 2024 (Gmt+09:00)
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Machinery
DN Solutions to build plant, R&D center in India
DN Solutions, the world's third-largest and South Korea's top machine tool manufacturer, said on Tuesday that it will establish a new plant and rese...
Jul 03, 2024 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess