Woori Financial chairman

South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its majo...

South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...

Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...

Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...

South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...

Woori Financial Group has adopted Samsung Electronics Co.'s Samsung Culture Index (SCI) to tighten its internal controls, which will be given more w...

South Korea's Hanwha Life Financial Services said on Tuesday it received an A+ (Stable) credit rating from Korea Ratings, becoming the first domes...

South Korean credit rating agency NICE Investors Service Co. (NICE) downgraded Hyosung Chemical's credit rating outlook from stable to negative on W...

South Korea's Kyobo Life Insurance Co. announced on Tuesday that it has received an A1 (stable) insurance financial strength rating from Moody's Rat...

POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, aims to clinch additional deals from Argentina and Chile to secure lith...

Woori Bank and Woori Asset Management, subsidiaries of South Korea's Woori Financial Group, announced on Sunday that they signed a memorandum of u...

Shinhan Financial Group Co. is upping the ante in the Vietnamese financial market to further widen the gap with rivals as the country’s leadin...

Koo Kwang-mo, chair of South Korea’s fourth-largest conglomerate LG, will embark on a weeklong business trip to the US next week to seek new g...

Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...

Deloitte Korea, which operates accounting firm Deloitte Anjin LLC and consulting service provider Deloitte Consulting LLC, announced a reshuffle wit...

Samsung Electronics Co.'s new semiconductor chief Jun Young-hyun knows better than anyone about the difficulties the South Korean tech giant fa...

South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...

South Korea will strengthen regulations on the conversion prices of convertible bonds (CBs) to protect stakeholders from excessive share dilution, t...

SK Hynix Inc. is investigating the possibility of building a plant for high-bandwidth memory (HBM), vital for generative artificial intelligence, in...

WASHINGTON, D.C. – South Korean biosimilar giant Celltrion Inc. is accelerating its push to transform into a novel drug developer, going after...

Samsung Electronics Co., the world’s top memory chipmaker, on Tuesday replaced its semiconductor business chief as the South Korean company st...

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, will speed up its private equity (PE) investments ...

South Korean conversational artificial intelligence (AI) startup Rapeech announced on Sunday that it attracted an investment of 6 billion won ($4....

Woori Financial Group Inc., the fourth-largest financial holding group in South Korea, and India’s top commercial vehicle maker Tata Motors Lt...

Meritz Financial Group Inc., boasting the fourth-biggest market capitalization among South Korean financial holding companies, will look into an acq...

South Korea's Woori Bank announced on Tuesday that it is recruiting interns targeting Southeast Asian students studying in Korea.This program aims t...

South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...

Back in 2021, South Korea’s retail titan Shinsegae Inc. beat its archrival Lotte Shopping Co. to purchase Gmarket and Auction, the country's t...

Woori Financial Group Inc., South Korea’s fourth-largest financial services group, has acquired Korea Foss Securities Co., paving the way for ...

Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regai...