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Fri, December 13, 2019 | 05:06

Kang, Seong appointed McKinsey partners

Kang, Seong appointed McKinsey partners

McKinsey & Company has appointed associate partner Kang Young-hoon and senior fellow Seong Jeong-min as its new partners, the global consulting firm's Korean office said Thursday.

Park Jae-hyuk | 2019-12-12 15:28

Foreigners' sell-offs of Korean equities continue in November

Foreigners' sell-offs of Korean equities continue in November

Foreign investors continued to net sell both South Korean stocks and bonds in November, reducing their stake here by the largest margin in over a year, central bank data showed Tuesday. Foreigners net sold a combined total of US$3.96 billion of local stocks and bonds in the month, the largest amount since October 2018, when they dumped $4.27 billion worth of local shares and ...

2019-12-10 14:00

MBK, Hahn & Co., IMM raising trillions of won for M&As

MBK, Hahn & Co., IMM raising trillions of won for M&As

MBK Partners, Hahn & Company and IMM Private Equity are speeding up their fundraising efforts in apparent moves to prepare for M&As in the forthcoming year, according to industry sources, Monday.

Park Jae-hyuk | 2019-12-09 16:58

Rich own assets worth W4 billion: survey

Rich own assets worth W4 billion: survey

Korean people think of those who possess assets worth about four billion won ($3.36 million) as being rich, data showed Monday. According to a survey of 4,111 adults by online recruiting site Saramin, those in their 30s said people with assets of more than 3.98 billion won could be considered rich.

Lee Min-hyung | 2019-12-09 16:52

For startup growth

For startup growth

Kyobo Life Insurance CEO Yoon Yeol-hyun, fourth from left, poses with executives after holding an event aimed at enhancing the startup ecosystem across the nation, at its headquarters in Seoul, Fri-day. The insurer has invested in five startups dedicated to resolving social problems in areas such as education and public health, since 2018. Courtesy of Kyobo Life Insurance

Lee Min-hyung | 2019-12-09 16:52

Fears renewed on foreign capital exodus

Fears renewed on foreign capital exodus

Concerns have resurfaced recently over a massive foreign capital outflow after overseas investors went on a selling spree for 21 consecutive trading days ending Thursday. They returned to the buying side with a net purchase of 42.7 billion won ($35.9 million) in the benchmark KOSPI on Friday, ending the concern over their potential longer-term exodus from the local stock mark...

Lee Min-hyung | 2019-12-08 05:10

S. Korea bolsters readiness to quell financial volatility amid US-China trade war

KB, Indonesian VC to establish $30 mil. fund for startups

KB, Indonesian VC to establish $30 mil. fund for startups

KB Investment and MDI Ventures, an Indonesian venture capital investor, plan to establish a joint fund worth $30 million (35.6 billion won) for startups in Southeast Asia. The joint investment is part of KB's efforts to diversify its revenue streams into emerging markets with huge growth potential. KB Investment is the venture investment arm of KB Financial Group.

Lee Min-hyung | 2019-12-06 17:13

NH Prime REIT price soars after going public

NH Prime REIT price soars after going public

The stock price of NH Prime REIT soared after the company went public on Thursday. The initial public offering (IPO) price of the NH affiliate was 5,000 won ($4.20) a share, but it closed at 6,500 won, up 30 percent, after listing on the benchmark KOSPI, according to the Korea Exchange.

Lee Min-hyung | 2019-12-05 16:56

Korea-Kuwait Investment Forum

Korea-Kuwait Investment Forum

Kuwaiti Ambassador to Korea Bader Mohammad AI-Awadi speaks during the Korea-Kuwait Investment Forum at the headquarters of Citibank Korea in Seoul, Wednesday. The forum was designed to enhance economic partnerships between the two countries and celebrate the 40th anniversary of diplomatic ties. Citibank Korea CEO Park Jin-hei said it hosted the event to share success stories ...

Lee Min-hyung | 2019-12-05 16:42

For innovative financial platforms

For innovative financial platforms

KB Securities CEO Park Jeong-rim, right, poses with ESTsoft CEO Chung Sang-won, after signing a partnership on financial technology, at the former's headquarters on Yeouido in Seoul, Monday. Under the partnership, the software company will use its expertise in artificial intelligence to help the KB affiliate establish new financial platforms. Courtesy of KB Securities

Lee Min-hyung | 2019-12-03 16:54

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