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The financial authorities will launch an investigation into executives of Hyundai Motor on allegations that they used undisclosed information regarding Apple’s electric vehicle project to profit fro...
South Korea’s financial watchdog on April 9 imposed a penalty on Woori Financial Group Chairman Sohn Tae-seung, holding him responsible for its commercial banking unit’s misselling of funds tied to ...
Trading in shares of Kakao, South Korea’s top mobile messenger operator, is set to be suspended for three days from April 12, following its decision to carry out its first-ever stock split. By low...
South Korea’s NH NongHyup Bank said on April 7 it has earned preliminary approval from China’s financial authorities to open a branch in Beijing. The nation’s sixth-largest lender by assets won th...
K bank, one of South Korea’s largest online banks, saw a significant hike in savings in recent months in line with its operations linked to cryptocurrency trading. Deposits at the nation’s first o...
The prices of apartments in Seoul measuring 60 square meters or less continued an upward trend last month, according to data on April 7. A report on monthly housing price trends released by commer...
South Korea’s financial watchdog said on April 6 that it holds NH Investment & Securities, the nation’s second-largest brokerage firm by net assets, entirely accountable for the misselling practices...
South Korea’s benchmark Kospi could log a fresh record high in the second quarter, a local analyst suggested on April 6, citing stable US Treasury yields and market rallies on Wall Street as fundame...
Hotel transaction volume in South Korea’s capital city of Seoul fell sharply in 2020 as travel restrictions stemming from the coronavirus pandemic sent shock waves through the accommodation industry...
The Korea Corporate Governance Service, a nonprofit organization that offers environmental, social and governance evaluations for companies, said on April 6 that it had downgraded the ESG ratings of...
Investors engaged in naked short selling will be fined up to 100 percent of their order amount, the nation’s top financial regulator said April 6. According to the policymaking Financial Services ...
Shares in local brokerages have risen over the past few days as their investments in rising fintech companies have gained attention from investors. Shares in Hanwha Investment and Securities rose ...
Financial Services Commission Chairman Eun Sung-soo said on April 1 that SsangYong Motor’s likely investor, US automotive distributor HAAH Automotive, has asked the government to give them more tim...
Shares of Hanjin KAL plunged on April 5 as a hostile takeover bid of an activist investor group came to a standstill the week prior. Hanjin KAL, the holding company of the Hanjin conglomerate that...
Kim Jung-ju, CEO of gaming firm Nexon’s holding company NXC, is Korea’s richest businessman, with assets valued at $14.1 billion, according to a report from a US think tank. Kim was ranked 144th o...
KB Asset raises W1tr for AMP Capital’s infra debt funds
Climate response fund to be set up in 2022 to bolster renewable energy transition
Middle-income households see sharpest drop in spending
MMAA hires ex-Lotte insurance CIO
Real estate fiasco sidelines Moon’s income-led growth drive
BOK seeks authority to monitor crypto transactions
Samsung heir becomes richest Korean
Real estate investors drift away from Seoul, toward logistics
May 18, 2021
