Bank of America
Scope
Date
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Automobiles
Hankook Tire unveils all-season tire Kinergy XP in N.America
South Korea's Hankook Tire & Technology announced on Wednesday that it will launch its all-season grand touring tire Kinergy XP in the North Ame...
Jan 24, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Harim, KDB in dispute over $5 bn HMM deal conditions
Talks to sell South Korea’s No. 1 ocean carrier HMM Co. to Harim Group, a leading poultry processor, have made little progress amid disputes o...
Jan 23, 2024 (Gmt+09:00)
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Banking & Finance
Korean banks flock to Poland, Korean Inc.’s new manufacturing hub
South Korean banks are in a race to advance into Poland to support Korean companies rushing to build factories in the new offshore manufacturing hub...
Jan 22, 2024 (Gmt+09:00)
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IPOs
Why spend more on an IPO? No invitation to foreign banks
South Korea’s Viva Republica Inc. has recently invited a handful of domestic brokerage companies to give presentations to revive its IPO plan....
Jan 19, 2024 (Gmt+09:00)
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Central bank
South Korean central bank not to increase gold reserves
South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased...
Jan 19, 2024 (Gmt+09:00)
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ESG bonds
Woori Bank issues $700 mn in ESG bonds
South Korea's Woori Bank announced on Thursday that it has issued $700 million (940 billion won) worth of foreign currency ESG (environmental, socia...
Jan 19, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...
Jan 18, 2024 (Gmt+09:00)
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Foreign exchange
Toss Bank launches commission-free foreign exchange services
South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a do...
Jan 18, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korea's Cosmax strengthens business in Middle East, Africa
Cosmax Inc., South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), is embarking on a full-scale entry in...
Jan 11, 2024 (Gmt+09:00)
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Central bank
BOK hints at policy rate peak but in no hurry to cut rates
South Korea’s central bank on Thursday hinted its policy rate may have peaked after leaving the rate unchanged for the eighth straight meeting...
Jan 11, 2024 (Gmt+09:00)
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Central bank
Gov Rhee Chang-yong turning BOK into dynamic central bank
Bank of Korea (BOK) Governor Rhee Chang-yong has transformed the central bank into a dynamic monetary authority by cooperating with not only oversea...
Dec 24, 2023 (Gmt+09:00)
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Foreign exchange
Yen deposits at Korean banks surge to record $9.9 bn
Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investo...
Dec 19, 2023 (Gmt+09:00)
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Food & Beverage
CJ Foodville attracts $54 mn investment from Arges PE
CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery brand Tous les Jours announced on Thursday that it at...
Dec 14, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks enjoy robust earnings in Asian emerging markets
Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted ...
Dec 05, 2023 (Gmt+09:00)
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Central bank
BOK chief says rates need to stay high for over 6 months
South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...
Nov 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver to launch global version of Whale browser in Q1 2024
Naver Cloud, the infrastructure subsidiary of South Korea’s online giant Naver Corp., plans to launch a global version of its Whale browser in...
Nov 26, 2023 (Gmt+09:00)
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Korean stock market
Korean ELS investors biting nails over sharp falls in Hong Kong shares
Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...
Nov 24, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to pour $26 bn in UK’s renewables, infrastructure
South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...
Nov 23, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank Vietnam opens PB branch in Hanoi
South Korea's Woori Bank revealed on Tuesday that the Vietnamese corporation Woori Bank Vietnam opened its 22nd branch in Starlake, Hanoi. Star...
Nov 21, 2023 (Gmt+09:00)
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The KED View
Windfall tax on Korean banks to create quintuple burden
Koreans are piqued by banks raking in extraordinarily handsome profits and handing out generous bonuses amid the high-interest rate environment that...
Nov 16, 2023 (Gmt+09:00)
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Petrochemicals
HD Hyundai Oilbank to supply petroleum products to Sunoco
South Korea's HD Hyundai Oilbank said on Tuesday it has extended a contract with US fuel distributor Sunoco LP to supply petroleum products next yea...
Nov 14, 2023 (Gmt+09:00)
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Investment banking
Goldman Sachs promotes YK Yoon in Seoul to MD
The Goldman Sachs Group Inc. named YK Yoon, head of fixed-income, currency and commodities (FICC) of the Seoul office, as a new managing director (M...
Nov 03, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank opens regional headquarters in Bangladesh
South Korea's Woori Bank announced on Friday it opened its new regional headquarters in Bangladesh. In 1996, the bank launched its first branch...
Nov 03, 2023 (Gmt+09:00)
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Regulations
Korea plans wider crackdown on foreigners’ short-selling
South Korea’s financial regulator plans wider investigations into illegal short-selling trades by major foreign investment banks to ease conce...
Oct 31, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank to add two new branches in India 2024
South Korea's Woori Bank plans to open two new branches in India in the first half of next year. The bank announced on Tuesday it has obtained ...
Oct 31, 2023 (Gmt+09:00)
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Economy
S.Korea’s Q3 GDP up 0.6% on-quarter on recovery in exports
South Korea’s economy in the third quarter grew 0.6% from the previous quarter, extending a growth streak to three consecutive quarters on a r...
Oct 26, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis gets FDA OK for its interchangeable biosimilar
Byooviz, a biosimilar of the macular degeneration treatment Lucentis and made by South Korea’s Samsung Bioepis, has received official design...
Oct 25, 2023 (Gmt+09:00)
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Batteries
LG Chem opens North America Innovation Center in Georgia
South Korea's LG Chem Ltd. announced on Wednesday it has opened its North America Innovation Center in Georgia, the US. The company also signed a me...
Oct 25, 2023 (Gmt+09:00)
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Earnings
KB Financial beats profit forecast on higher interest rates
KB Financial Group Inc., South Korea’s top financial holding company by assets, on Tuesday reported better-than-expected net profit in the thi...
Oct 24, 2023 (Gmt+09:00)
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Central bank
BOK chief says inflation may ease more slowly than expected
South Korea’s central bank chief on Thursday said inflationary pressure in Asia’s fourth-largest economy may ease more slowly than earli...
Oct 19, 2023 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand