Korea names IMF official as new central bank head

Korea names IMF official as new central bank head

South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...

Korean online banks’ disruptive business model: Woo low-credit borrowers

Korean online banks’ disruptive business model: Woo low-credit borrowers

South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...

Korea to open temporary settlement lines for trade with Russia

Korea to open temporary settlement lines for trade with Russia

South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...

Translink and Banks Foundation form $10 mn fund for S.Korean startups

Translink and Banks Foundation form $10 mn fund for S.Korean startups

South Korea’s venture capital firm Translink Investment and non-profit organization Banks Foundation for Young Entrepreneurs agreed to launch ...

Korean shipbuilders see material impact from sanctions on Russia

Korean shipbuilders see material impact from sanctions on Russia

International sanctions on Russia over its invasion of Ukraine are set to have a material impact on South Korea’s three largest shipbuilders, ...

Bank of Wine: High-end wine investment in the form of digital assets

Bank of Wine: High-end wine investment in the form of digital assets

South Korea is the world’s second-most attractive wine market, outranked by only the United States, according to London-based consumer researc...

Partners Group wins $620 mn Korean LPs mandate for infra

Partners Group wins $620 mn Korean LPs mandate for infra

Some major institutional investors of South Korea have committed a combined $620 million to Partners Group’s third direct infrastructure progr...

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

South Korea’s central bank expects consumer inflation to hit an 11-year high this year as oil prices jumped above the $100 a barrel level for ...

South Korea's working young teeter on brink of debt disaster

South Korea's working young teeter on brink of debt disaster

As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...

BOK’s mission impossible: To lower both inflation and govt bond yields

BOK’s mission impossible: To lower both inflation and govt bond yields

South Korea’s central bank is caught in a dilemma as it needs to raise interest rates to curb rising inflationary pressure in Asia’s fou...

Korean bank profits at record-high as borrowers struggle under debt

Korean bank profits at record-high as borrowers struggle under debt

South Korea’s major banks posted record earnings last year, boosted by higher interest income amid the central bank’s easing monetary bi...

Money flows rush to safer assets in Korea

Money flows rush to safer assets in Korea

South Koreans are continuing their rush to safer assets with the balance of bank deposits, money market funds (MMFs) and cash management accounts (C...

Krafton invests $5.4 mn in India’s sports game studio

Krafton invests $5.4 mn in India’s sports game studio

Krafton Inc. said it invested $5.4 million in India’s mobile game development studio Nautilus Mobile as the South Korean producer of PlayerUnk...

Barbarians at the gate: fraud-hit Osstem wooed by bankers

Barbarians at the gate: fraud-hit Osstem wooed by bankers

South Korea's Osstem Implant Co., battered by the country's largest-ever embezzlement scandal for a listed company, is now being courted by investme...

Bank of Korea to test CBDC on Samsung devices, not on iPhone

Bank of Korea to test CBDC on Samsung devices, not on iPhone

The Bank of Korea (BOK) will launch real-life, offline tests for a central bank digital currency (CBDC) project on Samsung Electronics Co.'s Galaxy ...

Vietnam gives traction to Korean banks' global push

Vietnam gives traction to Korean banks' global push

South Korea's leading banks began to reap the rewards of their efforts to become regional players in Asia, with their aggressive investments in Viet...

NTT DoCoMo sells $370 mn KT shares to Shinhan Bank

NTT DoCoMo sells $370 mn KT shares to Shinhan Bank

Japan's mobile phone operator NTT DoCoMo has sold all its shares in KT Corp., worth 437.5 billion won ($370 million), to Shinhan Bank which formed a...

Creditors to unveil new plans next week to sell DSME

Creditors to unveil new plans next week to sell DSME

Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner of the debt-ridden ...

POSCO to revive India steel mill construction plan

POSCO to revive India steel mill construction plan

POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...

Bank of Korea may hike rates this week to curb inflation, household debt

Bank of Korea may hike rates this week to curb inflation, household debt

South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...

Korean won touches 18-month low as Fed may raise rates sooner

Korean won touches 18-month low as Fed may raise rates sooner

South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expec...

Export-Import Bank of Korea eyes $3 bn global bond sale

Export-Import Bank of Korea eyes $3 bn global bond sale

The Export-Import Bank of Korea (KEXIM) is planning to sell up to $3 billion worth of new global bonds this week, tipped to be the largest-ever bond...

KFCC to increase alternative assets to 40% in three years

KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...

Retirement packages unexpectedly benefit young talent

Retirement packages unexpectedly benefit young talent

Voluntary retirement packages, often coming with generous compensation, have been adopted by companies as a way to let go of older or redundant empl...

Indian startups: Korean VCs' new target after China

Indian startups: Korean VCs' new target after China

South Korean venture capital firms and online giants are flocking to startups in India, a country with the world's second-largest population and low...

Money moves back to safe assets in Korea amid rising interest rates

Money moves back to safe assets in Korea amid rising interest rates

With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...

Hyundai Motor reshuffles overseas units to deal with changing markets

Hyundai Motor reshuffles overseas units to deal with changing markets

Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...

Mortgage loan growth slows to near four-year low in November

Mortgage loan growth slows to near four-year low in November

Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...

Hyundai Motor to launch six EV models in India by 2028

Hyundai Motor to launch six EV models in India by 2028

South Korea's Hyundai Motor Co. will spend 40 billion rupees ($530 million) on research and development to launch six electric vehicle models in Ind...

BNK and KTB jointly buy UBS tower in New Jersey for $219 mn

BNK and KTB jointly buy UBS tower in New Jersey for $219 mn

South Korea’s BNK Asset Management Co. acquired UBS Financial Services tower in New Jersey for $219 million from US real estate developer Hart...

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