Banking & Finance

NPS's overseas investment fees fail to deliver expected returns

The National Pension Service (NPS) has paid over 1.2 trillion won (approximately $875 million) in fees for the management of foreign stocks by third-party managers over the past three years, but the returns from these portfolios have been lower compared to those from direct investments, according to Rep. Suh Myung-ok of the ruling People Power Party, Friday.

Oct 18, 2024By Jun Ji-hye

NPS's overseas investment fees fail to deliver expected returns

MBK Partners upbeat about additional stake in Korea Zinc over management conflict

Private equity firm MBK Partners announced Thursday that its recent acquisition of an additional stake in Korea Zinc, through its partnership with Young Poong, reflects strong market support for their objective of improving Korea Zinc's governance.

Oct 17, 2024By Yi Whan-woo

MBK Partners upbeat about additional stake in Korea Zinc over management conflict

Korean growth stocks climb after rate cut

The prices of growth stocks in the health and biotechnology sectors are on the rise in the Korean market following the Bank of Korea's (BOK) rate cut last week, along with growth stocks in other industries.

Oct 17, 2024By Yi Whan-woo

Korean growth stocks climb after rate cut

KOMSCO launches limited edition lithograph of iconic Korean landscape

The Korea Minting and Security Printing Corp. (KOMSCO) is launching a banknote lithograph featuring "Inwangjesaekdo," also known as "Scene of Mount Inwang After Rain," an iconic landscape painting by Jeong Seon (1676-1759).

Oct 17, 2024By Yoon Ja-young

KOMSCO launches limited edition lithograph of iconic Korean landscape

Workers off from work 19 minutes early from 5 years ago: data

Salaried workers get off from work 19 minutes earlier in 2024 compared to five years ago, after maximum weekly work hours were reduced to 52 from 68 by the law, data showed Wednesday.

Oct 16, 2024By Yi Whan-woo

Workers off from work 19 minutes early from 5 years ago: data

BOK hit by 97 cyberattacks last year, reports no cases linked to North

The Bank of Korea (BOK) experienced 97 cyberattacks last year, including one instance of a distributed denial-of-service (DDoS) attack, according to National Assembly officials, Tuesday.

Oct 16, 2024By Jun Ji-hye

BOK hit by 97 cyberattacks last year, reports no cases linked to North

Naver Webtoon faces crisis 3 months after subsidiary's Nasdaq listing

Naver Webtoon is grappling with multiple crises, including a significant decline in stock prices, a potential class-action lawsuit from shareholders and escalating internal challenges. These issues arise just three months after its U.S. subsidiary, Webtoon Entertainment, went public on Nasdaq on June 27.

Oct 15, 2024By Lee Yeon-woo

Naver Webtoon faces crisis 3 months after subsidiary's Nasdaq listing

Upbit faces monopoly accusations

Upbit, Korea's largest cryptocurrency exchange, is facing accusations of monopolistic behavior, holding as much as 70 percent of market share in the country.

Oct 15, 2024By Yi Whan-woo

Bithumb moves fast to expand market share

Customs agency running out of space for unapproved overseas items: data

As Koreans are increasingly buying goods from abroad through online shopping platforms, the customs agency is having a headache with storing goods that are not approved for import and must be kept temporarily at customs checkpoints.