Banking & Finance

Samsung family members sell over $1.5 bil. worth shares to pay inheritance taxes

Three of the surviving family members of late Samsung Group Chairman Lee Kun-hee unloaded more than 2 trillion won ($1.52 billion) worth of shares in Samsung Electronics combined through a block deal, according to industry sources, Thursday.

Jan 11, 2024By Yi Whan-woo

Samsung family members sell over $1.5 bil. worth shares to pay inheritance taxes

Ex-IBK president's book inspires younger generation

Kim Do-jin, a former Industrial Bank of Korea (IBK) president, demonstrates well how productive, motivational and inspirational a retiree can be through his recently published book.

Jan 11, 2024By Yi Whan-woo

Ex-IBK president's book inspires younger generation

Hana Bank launches $270 mil. package to support small businesses

Hana Bank launched its financial support plan, totaling 355.7 billion won ($270 million), to support small business owners and the self-employed facing challenges due to the prolonged high interest rates, inflation and economic downturn after the COVID-19 pandemic, the bank announced Thursday.

Jan 11, 2024By Yoon Ja-young

Hana Bank launches $270 mil. package to support small businesses

Kakao Pay benefits from influx of foreign tourists after pandemic

Kakao Pay's transactions involving foreign tourists in Korea experienced a 14-fold surge within a year. This increase is attributed to the growing number of foreign tourists and the expansion of the mobile payment system's offline affiliates.

Jan 10, 2024By Lee Yeon-woo

Kakao Pay benefits from influx of foreign tourists after pandemic

Align Partners pushes for enhanced shareholder returns at JB Financial Group

As the regular shareholder meeting season approaches, Align Partners, a prominent activist fund in the local market, has intensified its shareholder activism by recommending five candidates for JB Financial Group's board.

Jan 10, 2024By Lee Yeon-woo

Align Partners pushes for enhanced shareholder returns at JB Financial Group

2024 IPO market faces strong outlook with big-name companies on deck

The initial public offering (IPO) market in Korea is forecast to be robust throughout 2024, as a spate of big-name firms estimated to be worth trillions of won in their respective market capitalization will go public.

Jan 10, 2024By Yi Whan-woo

2024 IPO market faces strong outlook with big-name companies on deck

11Street up for sale again as SK Square forfeits call option

The e-commerce platform 11Street, grappling with a financial crisis, is expected to expedite its forced sale process, as its largest shareholder SK Square has relinquished its call option.

Jan 9, 2024By Lee Yeon-woo

11Street up for sale again as SK Square forfeits call option

Financial authorities to push for DGB's conversion into commercial bank in Q1

Financial authorities are making efforts to convert DGB Daegu Bank, a regional lender based in Daegu, into a commercial bank by the first quarter of 2024 at the earliest.

Jan 9, 2024By Lee Yeon-woo

Financial authorities to push for DGB's conversion into commercial bank in Q1

Financial industry leaders seek new business models at CES

Financial industry leaders are converging in Las Vegas to explore emerging trends and discover opportunities for innovative business models as CES 2024, the world's largest tech show, approaches.

Jan 8, 2024By Lee Yeon-woo

Financial industry leaders seek new business models at CES

Regulator to inspect 12 banks, brokerages over sales of derivatives linked to Hong Kong exchange

The financial regulator said Sunday that it will launch an investigation into sales of derivative products that track Chinese stocks listed on the Hong Kong exchange, amid concerns that such products would put investors at risk of posting heavy losses.

Jan 7, 2024

Regulator to inspect 12 banks, brokerages over sales of derivatives linked to Hong Kong exchange

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