Snowballing losses from overseas office buildings haunt Korean financial firms Financial services companies in Korea are drawing concerns over the risk of potential massive losses from their overseas real estate investments as the slowdown in the global property shows no sign of letting up.Mar 5, 2024By Yi Whan-woo
NH NongHyup awarded for ESG management report NH NongHyup Financial Group won an international award for its environmental, social, and corporate governance (ESG) report, the group announced Tuesday.Mar 5, 2024By Yoon Ja-young
BNP Paribas appoints new head of Seoul operationBNP Paribas appointed Dorothée Regazzoni as the new head of its South Korea branch, the banking group said Tuesday.Mar 5, 2024By Yoon Ja-young
Calls grow to prevent speculative homebuying by foreigners The government is facing growing calls to curb the purchases of homes in Korea by foreign nationals, who could obtain mortgage loans from banks abroad and are subject to less stringent borrowing regulations than Koreans.Mar 4, 2024By Yi Whan-woo
Younger self-employed struggle with higher delinquency rates Self-employed people in their 20s and 30s have a higher rate of failing to make repayments on time than older age groups, data showed Monday.Mar 4, 2024By Yi Whan-woo
Hana Bank offers mobile financial certificates in 16 languages Aiming to offer differentiated services for various foreign communities in Korea, Hana Bank has begun issuing mobile financial certificates in 16 languages through its overseas remittance-exclusive mobile app HanaEZ, the bank announced on Monday.Mar 4, 2024By Anna J. Park
Financial regulator to toughen rules on public disclosure over merger deals The financial regulator said Monday it will toughen rules on public disclosure over merger deals, in a move to better protect investors.Mar 4, 2024
Ironic upswing of baby care stocks amid low birthrate draws investors' interest Shares of baby care product companies in Korea are on the upswing, or at least enjoying a buying spree of offshore investors, although the country's birthrate is the lowest in the world.Mar 3, 2024By Yi Whan-woo
Banking groups rush to attract women as outside directors Major financial groups are recruiting more women as outside directors ahead of their annual shareholders’ meeting later this month, in line with the financial regulator’s demand to bolster gender equality in corporate management.Mar 3, 2024By Yi Whan-woo
Expanded lending limit to boost Eximbank’s arms deal supportThe parliamentary approval of a revision bill to hike the Export-Import Bank of Korea’s (Eximbank) capital limit is drawing optimism that the state-run lender can better serve Korea’s goal of becoming one of the world’s top five arms exporters by 2027.Mar 1, 2024By Yi Whan-woo
