Banking & Finance
Banking & Finance
HI Investment & Securities changes its name to iM Securities
Aug 06, 2024 (Gmt+09:00)
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Banking & Finance
Activist fund KCGI to buy Hanyang Securities for $180 mn
South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million),...
Aug 04, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Hana Card, Toss Bank jointly launch PLCC card
South Korea's Hana Card announced on Friday that it partnered with Toss Bank to launch its first private label credit card (PLCC), the Toss Bank Cred...
Aug 02, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea Investment manages Vista Land $50 mn global bond issuance
Korea Investment & Securities Co. announced on Thursday that its Hong Kong subsidiary KIS Asia managed the issuance of $50 million in global bond...
Aug 01, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Woori Financial Group relaunches brokerage arm
Woori Financial Group has returned to South Korea’s brokerage service market after a decade with the launch on Thursday of Woori Investment &am...
Aug 01, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Toss Securities to establish New York subsidiary
South Korea's Toss Securities will establish a subsidiary in New York, the US to to expand its overseas business. The company announced on Tuesday th...
Jul 31, 2024 (Gmt+09:00)
1 Min read -
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 t...
Jul 24, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
KB Kookmin Bank adds Indonesian to banking platform
South Korea's KB Kookmin Bank said on Monday it launched Indonesian language services on its mobile banking platform KB Starbanking to expand its re...
Jul 23, 2024 (Gmt+09:00)
1 Min read -
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 Tech...
Jul 19, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea’s Woori Bank raises $550 mn in AT1 hybrid bond
South Korean major bank Woori Bank said on Thursday that it raised $550 million by issuing additional tier 1 (AT1) hybrid bonds on July 17 with call ...
Jul 18, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Samsung Asset publishes brokerage ISA guidebook
South Korea's Samsung Asset Management announced on Thursday that it newly published the KODEX Brokerage ISA Investment Guidebook for individual inve...
Jul 18, 2024 (Gmt+09:00)
1 Min read -
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 o...
Jul 17, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produc...
Jul 16, 2024 (Gmt+09:00)
2 Min read -
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)
1 Min read -
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 ne...
Jul 12, 2024 (Gmt+09:00)
2 Min read -
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 won ...
Jul 11, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Samsung Asset's KODEX ETF surpasses $43 bn in net assets
South Korea's Samsung Asset Management announced on Monday that the net assets of its KODEX exchange-traded fund (ETF) have surpassed 60 trillion wo...
Jul 08, 2024 (Gmt+09:00)
1 Min read -
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 allocat...
Jul 05, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea Eximbank provides $810 mn credit to Bangladesh
The Export-Import Bank of Korea (Eximbank) announced on Sunday that it will provide a credit of $810 million for the construction of the Karnaphuli B...
Jul 01, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean banks to cut corporate loans for profitability
South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increase...
Jun 30, 2024 (Gmt+09:00)
5 Min read -
Banking & Finance
Woori Financial, Natixis to manage global private equity fund
South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a gl...
Jun 27, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Shinhan Card, KakaoBank to team up for PLCC
South Korea's Shinhan Card Co. and the domestic internet bank KakaoBank Corp. said on Wednesday that they signed a business agreement to develop and ...
Jun 27, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Mirae Asset's US dividend premium fund surpasses $72 mn in net assets
South Korea's Mirae Asset Global Investments Co. announced on Tuesday that the net assets of its Mirae Asset US Dividend Premium Fund, which invests ...
Jun 25, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
S.Korea’s travel payment card market competition heats up
Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card is...
Jun 24, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
S.Korea’s Woori to team up with US Nuveen to enhance IB part
Woori Bank and Woori Asset Management, subsidiaries of South Korea's Woori Financial Group, announced on Sunday that they signed a memorandum of und...
Jun 17, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
BNK Capital opens microfinance organization in Uzbekistan
South Korea’s BNK Capital announced on Friday that it established a microfinance organization in Uzbekistan the previous day.Since entering Cam...
Jun 14, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Mirae Asset Indian subsidiary surpasses $21.8 bn in AUM
South Korea's Mirae Asset Global Investments Co. announced on Thursday that the total assets under management (AUM) of its Indian subsidiary have sur...
Jun 13, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Shinhan Card, Canada's Alberta to co-work for tourism
South Korea's Shinhan Card Co. announced on Wednesday that it signed a strategic business agreement with the provincial government of Alberta, Cana...
Jun 12, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
KB Securities sees wealth management assets surpass $43.6 bn
South Korea's KB Securities announced on Wednesday that its wealth management assets surpassed 60 trillion won ($43.6 billion) this month.This is fiv...
Jun 12, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Kookmin to revive Indonesian banking arm through digitalization
KB Bukopin, the Indonesian banking arm of South Korea’s Koomin Bank, extended its losing streak through the first quarter of this year, weighed...
Jun 12, 2024 (Gmt+09:00)
2 Min read
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