banking sector earnings
Scope
Date
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Banking & Finance
Near-zero interest rate deposits swell at Korean banks
Demand and short-term deposits at South Korea’s top five banks have expanded 5% to 657 trillion won ($480 billion) in the first quarter of thi...
May 09, 2024 (Gmt+09:00)
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Earnings
Coupang to keep investing against Chinese players despite loss
Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter,...
May 08, 2024 (Gmt+09:00)
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Entertainment
Hasty overseas expansion hurts Korean entertainment sector
South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...
May 07, 2024 (Gmt+09:00)
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Economy
BOK's rate policy back to square one after GDP, Fed comments
TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the...
May 03, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Woori Financial acquires Korea Foss Securities to offer brokerage services
Woori Financial Group Inc., South Korea’s fourth-largest financial services group, has acquired Korea Foss Securities Co., paving the way for ...
May 03, 2024 (Gmt+09:00)
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Korean chipmakers
Jusung Engineering to spin off major units
South Korea's Jusung Engineering Co. plans to spin off its semiconductor, solar, and display equipment businesses and transform into a holding com...
May 03, 2024 (Gmt+09:00)
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Earnings
Overseas projects boost Korean builders’ earnings; GS profit cut in half
Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...
Apr 30, 2024 (Gmt+09:00)
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Real estate
US multifamily market challenges create investment opportunities
There is potential distress in the U.S. multifamily housing sector today. we believe there is a window of opportunity over the next 12-18 mont...
Apr 30, 2024 (Gmt+09:00)
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Private debt
Korea’s Kookmin Bank raises $600 mn in global senior debts
South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversu...
Apr 30, 2024 (Gmt+09:00)
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Corporate investment
Etech System attracts $130 mn investment
South Korea's integrated IT solution consulting company Etech System attracted an investment of 180 billion won ($130 million) from private equity f...
Apr 29, 2024 (Gmt+09:00)
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Foreign exchange
Navigating choppy waters: Dollar-won FX forecasting
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...
Apr 26, 2024 (Gmt+09:00)
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Earnings
Kia logs record profit, revenue in Q1 on weak won
Kia Corp., the second-largest automaker in South Korea, posted record quarterly profit and revenue for the first three months of this year, backed b...
Apr 26, 2024 (Gmt+09:00)
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Earnings
Hyundai Glovis expects better 2024 after beating market in Q1
Hyundai Glovis Co. expects an improvement in earnings this year from last year after reporting better-than-expected sales and operating profit in th...
Apr 25, 2024 (Gmt+09:00)
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Banking & Finance
Hanwha Life to buy stake in Indonesia's Lippo-owned bank
South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023...
Apr 24, 2024 (Gmt+09:00)
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Earnings
Hanwha Ocean’s Q1 turnaround brightens earnings outlook
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, turned to the black in the first quarter powered by increasing sales of higher-end ...
Apr 24, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s IBK, Japan’s Mizuho Bank agree on $218-million committed line
South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese lead...
Apr 23, 2024 (Gmt+09:00)
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ESG
SK Telecom, SoftBank to collaborate for SV measurement
South Korea’s SK Telecom Co. announced on Tuesday that it signed a memorandum of understanding (MOU) for cooperation in measuring social value...
Apr 23, 2024 (Gmt+09:00)
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Banking & Finance
Hana Bank launches All-care Solution for Real Estate Wealth
South Korea's Hana Bank announced on Tuesday that it launched the premium real estate wealth management service Hana Real Estate All-care Solution i...
Apr 23, 2024 (Gmt+09:00)
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Earnings
Korean banking group's Q1 profits drop on ELS sales
The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...
Apr 23, 2024 (Gmt+09:00)
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Energy
SK Gas’ 1st LNG terminal completes test operations
SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has completed the test operation of its first liquefied natural ga...
Apr 22, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Innotek, SK On win Edison Awards for second consecutive year
South Korea's LG Innotek and SK On have won the Edison Awards in the US for the second consecutive year. LG Innotek announced on April 21 that it r...
Apr 22, 2024 (Gmt+09:00)
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ESG
HD Hyundai, Hyundai Dept. Store to co-work for recycling plastic waste
South Korea's HD Hyundai Oil Bank Co. and Hyundai Department Store Co. have partnered to create a closed-loop plastic film recycling system, a first...
Apr 22, 2024 (Gmt+09:00)
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Banking & Finance
Foreign banks expand Korean operations amid China’s slowdown
Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grapp...
Apr 18, 2024 (Gmt+09:00)
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Private equity
Affinity eyes full control of food container maker Lock & Lock
Affinity Equity Partners, which holds a 69.64% stake in South Korean food container manufacturer Lock & Lock, is slated to buy most of the compa...
Apr 18, 2024 (Gmt+09:00)
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Banking & Finance
Toss Bank exceeds 10 mn customers
South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and...
Apr 18, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea asks savings banks to raise capital to avoid crisis
South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pr...
Apr 15, 2024 (Gmt+09:00)
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Automobiles
Korean tire makers step up push into bigger, high-margin tires
South Korean tire makers are betting big on premium tires fitted for sports utility vehicles, full-size sedans and electric vehicles, after bigger a...
Apr 12, 2024 (Gmt+09:00)
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Sports
Shinsegae's baseball team on the rise: SSG Landers
Many professional sports teams are not profitable as they incur significant operating costs to secure star players and run related facilities while ...
Apr 12, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung Electronics stock likely to climb in Q2, analysts say
South Korean analysts have recommended investors buy Samsung Electronics Co. stocks as the world’s top memory chipmaker, which reported higher...
Apr 08, 2024 (Gmt+09:00)
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Artificial intelligence
Korean big tech firms join Korea’s AI strategy council
The South Korean government has launched an artificial intelligence strategy council, jointly with domestic big tech firms such as Naver Corp. and K...
Apr 05, 2024 (Gmt+09:00)