Korea Times Politics & City Reporter
Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
Blackstone completed the sale of Arc Place, a premium office building in the affluent Gangnam business district of Seoul, to real estate asset manager KORAMCO for about 792 billion won ($588 million).
Choi Hee-nam has taken on his new role as the CEO of Chong Kun Dang Holdings, as his appointment was confirmed at the shareholders' meeting and the board of directors of the pharmaceutical company at the end of last month.
While Korea's first law on cryptocurrency, Act on the Protection of Virtual Asset Users, is scheduled for implementation this July, the nation still trails behind global powers in providing legal frameworks for the advancement of the virtual asset industry, intellectual property (IP) lawyers from a major law firm say.
Digital-based insurance comparison and recommendation services will be expanded to areas including pet insurance, savings plans and travel insurance products, as financial authorities aim to further boost the growth of the local insurance market, according to industry officials, Friday.
Hana Financial Group has formed a strategic partnership with Credit Agricole Corporate and Investment Bank, aiming to help global businesses expand in Europe, the financial giant announced Friday.
The Korea Development Bank (KDB) is mulling over incorporating KDB Life as a subsidiary instead of pursuing another futile attempt to sell the insurer, industry sources said.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun pledged to enhance Korea's appeal as an investment destination while simultaneously adopting a resolute stance against illegal and unfair practices among market participants.
Shinhan Financial's stock price slid by over 5 percent on Wednesday over the news that BNP Paribas initiated a process to seek buyers for Shinhan shares it owns in a block trade.
Korea's largest travel agency Hanatour has been put up on the M&A market, as IMM PE initiated procedures to sell its controlling stake of the travel company. The Seoul-based private equity firm purchased a 16.68 percent stake at the end of 2019.