Banking & Finance

Alipay+ usage in Korea posts 700% increase this year

The monthly usage of Alipay+ transactions at offline merchants in Korea has soared by more than 700 percent from January to October this year, demonstrating the global payment service's increased availability and presence in the country.

Dec 11, 2023By Anna J. Park

Alipay+ usage in Korea posts 700% increase this year

Hanssem CEO Eugene Kim becomes IMM PE's first female partner

IMM Private Equity's star player Eugene Kim, CEO at Hanssem since August, has become the private equity firm's first female partner, the company announced Friday.

Dec 11, 2023By Anna J. Park

Hanssem CEO Eugene Kim becomes IMM PE's first female partner

Korean financial firms remain insulated from overseas risks: FSC

Korean financial companies currently remain insulated from potential risks stemming from worsening conditions for their overseas investments, the country's financial regulator said Monday.

Dec 11, 2023

Korean financial firms remain insulated from overseas risks: FSC

MBK Partners rules out possibility of raising price of tender offer for Hankook & Company

Private equity firm MBK Partners has ruled out the possibility of raising the price of its public tender offer for Hankook & Company, the holding company of Korea's top tiremaker, a source close to the matter said Monday.

Dec 11, 2023

MBK Partners rules out possibility of raising price of tender offer for Hankook & Company

Hana Bank hosts foreign exchange quiz for employees

Hana Bank held a quiz on foreign exchange to boost employee expertise.

Dec 10, 2023By Yoon Ja-young

Hana Bank hosts foreign exchange quiz for employees

Eximbank teams up with US counterpart on decarbonization

The Export-Import Bank of Korea (Eximbank) has teamed up with the Export-Import Bank of the United States to support Korean companies to expand the presence of their electric vehicles (EVs), renewable energies and other decarbonization businesses in the U.S., the Korean lender announced on Friday.

Dec 10, 2023By Yi Whan-woo

Eximbank teams up with US counterpart on decarbonization

Will Korea avoid hard landing in housing market?

Korea's housing bubble is anticipated to ease gradually in 2024 after years of surging house prices, according to analysts, Friday.

Dec 8, 2023By Yi Whan-woo

Will Korea avoid hard landing in housing market?

Overseas property investments to hinder Korea's securities firms

Korean brokerage houses increasingly face the risk of losses in 2024 due to years of investing in real estate abroad, with concerns of a liquidity crunch starting to play out on some of the balance sheets of various firms since the third quarter of 2023.

Dec 8, 2023By Yi Whan-woo

Overseas property investments to hinder Korea's securities firms

KDIC chief vows to strengthen crisis response monitoring

With the global economy's projected growth for next year slowing amid increased uncertainties, the Korea Deposit Insurance Corporation (KDIC) aims to bolster its crisis response monitoring system for the domestic financial sector, the agency's head said Friday.

Dec 8, 2023By Anna J. Park