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Hyundai Capital, the auto financing unit of South Korean carmaker Hyundai Motor Group, has provided family support programs for working parents to better balance home and work. Launched in 2015, the firm’s in-house daycare center has provided high-quality education to the children of employees d...
South Korea’s antitrust watchdog has approved the merger between French multinational corporation LVMH and American jewelry company Tiffany & Co., saying there is no concern of competition restrictions, officials said on June 24. On March 13, LVMH filed a business combination report with the nati...
Turning Seoul into a new financial hub in Asia has for long been a campaign promise of local politicians cutting across party lines. Seoul Mayor Park Won-soon, who is now in his third term, is no exception. He had even announced plans to replace old apartment buildings with high-rises of up to 50...
Mirae Asset Global Investments, the asset management unit of Mirae Asset Financial Group, said on June 19 that it has been marking its growth in the global financial market by selling over 1,700 financial products in 36 countries around the globe. Since establishing the first South Korean asset m...
MP Group, the South Korean company that controls pizza restaurant franchise Mr. Pizza and coffee chain Manoffin, is seeking to sell a controlling stake through an open bidding process, its announcement showed on June 17. Up for grabs will be a 48.92 percent stake in MP Group by founder and ex-cha...
Kakao Bank said on June 17 its customers can now open KB Securities stock trading accounts via its platform. The local brokerage under KB Financial Group is the latest securities company to forge a partnership with the internet-only bank. As of May, Kakao Bank had ushered in some 2 million acco...
Seizure treatment developer SK Biopharmaceuticals said on June 15 that it is planning what could be South Korea’s biggest initial public offering in three years, with hopes to raise nearly 1 trillion won ($822 million) in fresh funds. Through its market debut on the nation’s main bourse Kospi, ...
South Korea’s biggest real estate asset management firm IGIS Asset Management said on June 15 that it has launched a new office in Singapore as part of its global expansion. The new branch, IGIS Asia, is the company’s third overseas base. It opened IGIS USA in New York and a London office last ...
South Korea’s asset management companies’ combined net profit has shrunk by over half on-year in the first quarter, data showed on June 11. The net income of 300 AMCs here came to 116.4 billion won ($97.32 million) during the January-March period, down 52.3 percent from the previous year, accor...
K bank is working to resume its operations in July after a monthslong hiatus due to liquidity problems, according to industry insiders on June 9. South Korea’s first internet-only bank recently announced that it would stop receiving new subscribers for its existing Dual-K Checking Account, its s...
As part of its move to nurture the data-based financial industry and financial technology businesses, Korea’s financial authorities will open up 44.5 million pieces of public financial data to the public for free, starting on June 10, regulator Financial Services Commission said on June 8. The r...
South Korea’s investment firm Mirae Asset Global Investments said on June 3 it is eyeing its first initial public offering for its real estate investment trust followed by a listing on the nation’s main bourse Kospi. The REIT is designed to invest in a commercial space of the commercial-residen...
South Korean social casino game developer and publisher DoubleDown Interactive is seeking to get listed on the tech-heavy Nasdaq bourse in the United States, according to its prospectus on June 3. For its initial public offering, the Seoul-based company plans to issue 400,000 new common shares. Al...
Tension mounted on June 2 as executives of Hana Financial Group joined the legal battle against financial authorities for imposing penalties over the misselling of risky derivatives-linked financial products by its banking unit. Jang Kyung-hoon, president of Hana Card as well as Park Se-gul, gene...
South Korea’s biotech firm SCM Lifescienc said on June 1 it has decided to lower its initial public offering price range to attract more investors for its market debut this month on the tech-heavy Kosdaq. By issuing 1.8 million new common shares, each at a price between 14,000 won ($11.40) and 1...
[KH Explains] Lotte goes all-out to secure cash amid lackluster earnings
Kakao completes its first own data center
120,000 more public homes to be supplied by this year
Milk prices to go up in Oct.
SKT, OpenAI hold AI competition for social good
Rebellions' AI chip to undergo IBM quality testing
SK Earthon starts first independent oil production in South China Sea
KB chief hopes successor transforms group into 'Samsung of finance'