Banking & Finance

Internet-only K-Bank again postpones IPO plan

Internet-only K-Bank said Wednesday that it has decided to push back its plan to go public amid increased market uncertainties.

Jan 8, 2025By Yonhap

Internet-only K-Bank again postpones IPO plan

What's behind KOSPI's rebound at start of 2025?

Korean stocks are moving in an upward trajectory, after extending a losing streak from 2024 and making a shaky start to the New Year.

Jan 7, 2025By Yi Whan-woo

What's behind KOSPI's rebound at start of 2025?

6 out of 9 credit card firms in Korea appoint new CEOs amid key business challenges

Six out of nine credit card companies in Korea have replaced their CEOs amid worsening internal and external business conditions, emphasizing the need for change, innovation and survival as key themes for 2025.

Jan 7, 2025By Jun Ji-hye

6 out of 9 credit card firms in Korea appoint new CEOs amid key business challenges

Sluggish KOSPI hits conglomerate leaders' stock assets hard

The total value of shares held by chiefs of the country’s 44 major business groups shrank by more than 6 trillion won ($4.07 billion) as the benchmark KOSPI struggled with one of the world’s worst performances of 2024, according to data released Monday.

Jan 6, 2025By Yi Whan-woo

Sluggish KOSPI hits conglomerate leaders' stock assets hard

Gov't on alert ahead of Lunar New Year over soaring produce prices

As produce prices are rising steeply in the lead-up to Lunar New Year later this month, the government plans to announce a set of measures this week to bring down prices, according to sources familiar with the matter on Monday.

Jan 6, 2025By Yi Whan-woo

Gov't on alert ahead of Lunar New Year over soaring produce prices

Korea Zinc’s acquisition of Igneo grants sellers profit of 100 times initial investment

An alliance of private equity firm MBK Partners and Young Poong demanded clarification on the relationship between Korea Zinc Chairman Choi Yun-beom and early investors of Igneo Holdings, saying that these investors sold their shares to the zinc smelter in 2022 and made returns exceeding 100 times their initial investment.

Jan 6, 2025By Jun Ji-hye

Korea Zinc’s acquisition of Igneo grants sellers profit of 100 times initial investment

Financial leaders skip CES 2025 to focus on internal risk management

Korean financial CEOs broke their yearslong streak of attending the annual CES tech trade show in Las Vegas, amid lingering uncertainties in the domestic economy. This year, Korean CES delegations were mostly limited to working-level staff, with some companies opting not to send any representatives at all.

Jan 6, 2025By Lee Yeon-woo

Financial leaders skip CES 2025 to focus on internal risk management

JB signs credit information sharing MOU in Vietnam

From left, JB Financial Group Chief Strategy Officer Park Jong-choon, National Credit Information Centre of Vietnam (CIC) Deputy Director General Le Anh Tuan, CIC Chairman Cao Van Binh and NICE Information Service Director Kim Jong-yoon pose after signing a trilateral memorandum of understanding (MOU) on cross-border credit information sharing in Hanoi, Vietnam, Monday. The MOU aims to enhance the financial access of customers in each country. For instance, a Vietnamese customer can use his or her credit information from Vietnam to apply for JB’s financial service and use their credit record accumulated in Korea when they return to Vietnam. Courtesy of JB Financial Group

Jan 2, 2025By Yoon Ja-young

JB signs credit information sharing MOU in Vietnam

Financial group heads set internal control as top priority in 2025

The leaders of Korea's four major financial groups identified strengthening internal controls and enhancing business operations as their top priorities, acknowledging that 2025 will be a challenging year.

Jan 2, 2025By Jun Ji-hye