Japanese centra bank policy
Scope
Date
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Economy
Korea’s rate cut hope wanes with inflation above 3% in March
South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...
Apr 02, 2024 (Gmt+09:00)
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Mergers & Acquisitions
KDB halts KDB Life sale process to take full control
The state-run Korea Development Bank (KDB) has suspended the protracted sale process of KDB Life Insurance Co. to take full control of the insurer b...
Mar 27, 2024 (Gmt+09:00)
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Banking & Finance
Samsung seeks to launch new super mobile banking app with a local bank
Samsung Financial Networks, a union of Samsung Group’s four financial affiliates, is seeking to launch a super mobile banking app in partnersh...
Mar 25, 2024 (Gmt+09:00)
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Upcoming IPOs
Korea’s IPO market heats up with HD Hyundai Marine, K Bank
South Korea’s initial public offering market is heating up as HD Hyundai Marine Solution Co., which aims to raise 742.6 billion won ($553.4 mi...
Mar 25, 2024 (Gmt+09:00)
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Real estate
Shinhan to build landmark office tower for non-banking units
Shinhan Financial Group Co., South Korea's second-largest financial group, plans to build a new high-rise office tower in Seoul’s central busi...
Mar 25, 2024 (Gmt+09:00)
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Banking & Finance
Korean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...
Mar 22, 2024 (Gmt+09:00)
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Real estate
Daishin to sell its headquarters at $493 mn to NH-Amundi
South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 mill...
Mar 19, 2024 (Gmt+09:00)
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Economy
Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...
Mar 18, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Bank, Indodana co-work on digital finance
Shinhan Bank announced on Friday that its Indonesian subsidiary Shinhan Bank Indonesia signed a strategic business agreement with PT Artha Dana Tekn...
Mar 15, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Shinhan, Hana accelerate overseas push after record profits
South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year ...
Mar 14, 2024 (Gmt+09:00)
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Construction
Daewoo E&C, Kuwaiti banks sign $250 mn loan agreement
Daewoo Engineering & Construction Co. has signed an agreement to take on a $250 million loan from three Kuwaiti banks, Al Ahli Bank of Kuwait (A...
Mar 14, 2024 (Gmt+09:00)
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Central bank
South Korea, odd one out in new global gold rush
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...
Mar 13, 2024 (Gmt+09:00)
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Investment banking
MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market
Michael ByungJu Kim, co-founder and partner of Northeast Asia-focused private equity firm MBK Partners Ltd., has been chosen as the most influential...
Mar 11, 2024 (Gmt+09:00)
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Real estate
Australian real estate debt, capitalizing on growth: Savills IM
The commercial real estate (CRE) debt market in Australia has grown rapidly over the last decade. According to the Australian Prudential Regulation ...
Mar 07, 2024 (Gmt+09:00)
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Banking & Finance
JPMorgan Chase’s growth driver: offline community branches
NEW YORK -- Global banking giant JPMorgan Chase & Co. has been expanding brick-and-mortar branches across the US with investments of billions of...
Mar 06, 2024 (Gmt+09:00)
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Banking & Finance
Indonesia's KB Bukopin rebranded as KB Bank
Bank KB Bukopin, an Indonesian subsidiary of KB Kookmin Bank, announced on Monday that it rebranded as KB Bank. The corporate name PT Bank KB Buko...
Mar 05, 2024 (Gmt+09:00)
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Energy
LS Eco Energy to supply UHV cables to Singapore's EMA
South Korea's LS Eco Energy Ltd. announced on Tuesday that its Vietnamese production subsidiary, LS-VINA, will supply 12 billion won ($8.99 million)...
Mar 05, 2024 (Gmt+09:00)
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Banking & Finance
Hana Bank issues Hana Certification in 16 languages
South Korea's Hana Bank announced on Monday that it launched the Hana Certificate service in 16 languages. The service is available through the...
Mar 04, 2024 (Gmt+09:00)
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Travel & Leisure
KTO, Orange Square to promote tourism for Japanese
The Korea Tourism Organization (KTO) and South Korea's Orange Square signed a business agreement on Thursday to encourage more spending by Japanese ...
Feb 29, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Wanted Lab, Digital Hearts to support S.Korean, Japanese startups
South Korea’s human resources (HR) management tech company Wanted Lab Inc. announced on Thursday that it has signed a memorandum of understand...
Feb 29, 2024 (Gmt+09:00)
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Fintech
Hana Bank, Fount to co-work for robo-advisor service
South Korea's Hana Bank announced on Tuesday that it has signed a business agreement with robo-advisor company Fount Investment Co. to launch a reti...
Feb 27, 2024 (Gmt+09:00)
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Banking & Finance
Korean banking groups see record-high loan losses in 2023
South Korea’s top four financial services groups – KB, Shinhan, Hana and Woori -- booked 1.97 trillion won ($1.5 billion) of loans as lo...
Feb 27, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Bank opens KB Prasac Bank in Cambodia
KB Kookmin Bank announced on Monday that it held an opening event for the integrated commercial bank KB Prasac Bank PLC in Phnom Penh, Cambodia, on ...
Feb 26, 2024 (Gmt+09:00)
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Central bank
BOK likely to keep base rate unchanged until June: chief
South Korea’s central bank held its policy rate flat at 3.5% for a ninth straight session on Thursday as it was deemed too early for a rate cu...
Feb 22, 2024 (Gmt+09:00)
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Banking & Finance
Korean bank branch closures accelerate as online deals grow
South Korean banks are accelerating moves to close branches given the growth in digital transactions and decline in offline customers but financial ...
Feb 19, 2024 (Gmt+09:00)
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Automobiles
Hankook Tire to supply tires to Toyota truck Hino
Hankook Tire & Technology announced on Wednesday that it will supply new tires for the mid-sized truck Hino from the Japanese Toyota Group.The t...
Feb 14, 2024 (Gmt+09:00)
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Short selling
Korean stock market volatility up since short-selling ban
The South Korean stock market has seen increased volatility and few rallies over the past three months, in sharp contrast to government hopes that i...
Feb 13, 2024 (Gmt+09:00)
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Korean stock market
Hyundai Department stocks down on cheap dividend policy
Hyundai Department Store Group, a South Korean major retail conglomerate, has unveiled the group companies’ dividend payout plans for the mid ...
Feb 08, 2024 (Gmt+09:00)
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Earnings
KB Financial posts record-high profit on loan growth
KB Financial Group and Kakao Bank, top players in South Korea’s offline and mobile banking sector, respectively, achieved their highest-ever p...
Feb 08, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Harim gives up HMM deal over management rights dispute
South Korea's leading poultry processor Harim Co. has walked away from a $5 billion deal to buy HMM Co., South Korea’s No. 1 ocean carrier, re...
Feb 07, 2024 (Gmt+09:00)
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