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Finance

Markets

Fri, October 18, 2019 | 23:35

Hyundai Card to select lead manager for IPO in Nov.

Hyundai Card will select a lead manager of for its initial public offering (IPO) in November at the earliest, the company said Thursday. The card issuer said it has submitted a request for proposal (RFP) to major brokerages, including Mirae Asset Daewoo and Citigroup Global Markets Securities Korea, to lead the card firm's IPO.

2019-10-17 21:30

Biz opportunities in Africa

Hana Financial Investment CEO Lee Jin-kook, third from left, Africa-Korea Economic Development Association (AKEDA) CEO Kwon O-Kyu, fourth from left, and Angolan Ambassador to Korea Edgar Gaspar Martins, third from right, pose with officials from Hana and AKEDA at the brokerage's headquarters on Yeouido in Seoul, Oct. 17. Hana and AKEDA signed a memorandum of understanding to ...

2019-10-17 17:21

Vietnam emerges as destination for Korean blockchain firms

Korean blockchain companies are rushing to Vietnam to find business opportunities and new revenue sources in the Southeast Asian market, which has emerged as a global blockchain innovation hub, according to industry officials, Thursday.

2019-10-17 17:07

Analysts remain bullish on Samsung Electronics

Expectations are growing that Samsung Electronics' share price will rise further, after it exceeded 50,000 won ($42.08), Monday, for the first time in 16 months.

2019-10-16 17:46

KIC urged to boost partnership with asset managers

The Korea Investment Corp. (KIC) should strengthen its partnerships with competent global asset management companies to improve investment returns, experts said Tuesday. Various performance-based incentives should be strengthened to help asset managers stay motivated, and a consultancy review could be an option to boost organizational efficiency, they added.

2019-10-16 17:25

KOSPI unlikely to see rally in coming months

The stock market is unlikely to see a big rally despite the partial Sino-America trade deal over the weekend, analysts said Tuesday. The outlook came after the KOSPI closed at 2,067.4, Monday, up 22.79 points, or 1.11 percent, from the previous session.

2019-10-15 18:54

Financial firms urged to tighten monitoring on risky assets

The Korea Institute of Finance (KIF) has called on financial firms to strengthen their monitoring of risky assets as rising corporate debt is emerging as the possible trigger of a new “black swan” event in the global financial market.

2019-10-14 16:35

Crypto investors alarmed at Cyworld shutdown

Those who invested in Cyworld's cryptocurrency Clink have been concerned whether they will be able to retrieve their investments, as the former popular social media site is facing a business shutdown, according to industry officials, Monday.

2019-10-14 16:02

[INTERVIEW] Korean banks urged to pursue M&As in Southeast Asia

Korean financial companies should seek to sign more M&A deals in Southeast Asia to strengthen their foothold there and overcome competition from their Chinese and Japanese rivals, according to the Asia-Pacific head of one of the world's top three business consultancies.

2019-10-13 16:20

Robot-advised funds outperform market

Robot-advised asset management with better-than-expected profit is emerging as a preferred alternative to risk-averse investors amid heightened volatility in the financial market, according to data and industry experts, Friday.

2019-10-11 17:27

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