Banking & Finance
Jefferies to open Seoul office in January
Jefferies, a U.S.-based global investment banking firm, is set to open an office in Seoul in January next year, aiming to focus its business on corporate finance.
Nov 28, 2023
Anna J. Park
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.
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Companies
SK spurs net-zero transition with power purchase agreement
SK Group plans to accelerate its efforts to achieve carbon neutrality by signing the country's largest direct Power Purchase Agreement (PPA), the group announced Friday.
Nov 24, 2023
Economy
Harim, Dongwon compete to acquire HMM
The aquisition of HMM, Korea's representative global shipping and logistics company, has become a two-way race between Dongwon Group and Harim Group, with the two joining the main bid that ended Thursday, according to Korea Development Bank (KDB) and inventment banking sources Friday.
Nov 24, 2023
Economy
Online payment market reaches saturation point in Korea: Samjong KPMG
A recent report on Korea's online payment markets underscores the need for building a strategic partnership and providing differentiated services on the part of payment companies. Currently, online payment services in Korea are provided by a wide variety of parties, including credit card companies, big tech firms, fintech companies, telecommunications companies, online shopping malls and more.
Nov 22, 2023
Banking & Finance
KCGI welcomes Hyun's resignation from Hyundai Elevator board
KCGI Asset Management positively evaluated the recent resignation of Hyun Jeong-eun from the posts of both Hyundai Elevator's board of directors' chair and the firm's registered director, calling it "the first step in normalizing the board."
Nov 22, 2023
Economy
Regulators urge financial groups to assume greater social responsibility
Heads of financial authorities have once again called on domestic financial groups to take on greater social responsibility, pressuring the companies to lower the burden on small and medium-sized business owners stemming from soaring interest rates.
Nov 20, 2023
Banking & Finance
Hana Financial Group to provide liquidity to deficit-ridden brokerage arm
Hana Financial Group has decided to provide financial support to Hana Securities by issuing hybrid securities amounting to a maximum of 150 billion won ($116 million) at the end of this month, the financial group said on Monday.
Nov 20, 2023
Economy
FSS to beef up scrutiny of listed companies' new business plans
The Financial Supervisory Service (FSS) has vowed to take stern measures against listed companies that do not follow through on their publicly announced business plans. The financial watchdog called it an illegal act impairing the trust of the domestic capital market.
Nov 19, 2023
Economy
SK square halts M&A talks with Qoo10 over sale of 11st Street
SK Square has suspended talks with Qoo10 over the sale of 11st Street, an e-commerce shopping website, as both sides have failed to agree on the online shopping platform's corporate value.
Nov 19, 2023