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Sat, June 23, 2018 | 02:17

Economy > Finance >

Did MBK get what it wanted from ING deal?

Did MBK Partners get what it wanted from ING Life Korea deal? There's no answer for this question for the time being, as MBK, one of Asia's top private equity funds (PEFs), is apparently taking tit-for-tat steps to sell its stake in ING Life Korea to Shinhan Financial Group. MBK's perspective regarding the ING Life issue is simple. Given the nature of the business MBK is invo...

2018-04-11 16:52

Hanwha Group heir invited to Xi' session at Boao Forum

Hanwha Group said Wednesday its heir Kim Dong-won was invited to a leaders' talk session held by Chinese President Xi Jinping at the Boao Forum. According to the group, Kim, chief innovation officer of Hanwha Life, and Hanwha Chairman Kim Seung-youn's second son, is attending the Boao Forum for Asia, known as Asia's Davos Forum, which began on Sunday in Hainan, China, and wil...

2018-04-11 15:51

NPS cuts off dealing with Samsung Securities

The National Pension Service (NPS) said, Tuesday, it has decided to halt direct stock trading through Samsung Securities after the brokerage mistakenly gave 2.8 billion shares in dividends instead of 2.8 billion won ($2.62 million) to its employees who own company stock.

2018-04-10 17:11

Consumers oppose plan to close banks during lunch

Consumers are complaining about tentative decisions by domestic banks to close for a break during lunch hour. Consumers claim if such decisions are implemented, it would hurt their best interests.

2018-04-10 16:49

Samsung Securities struggles with tarnished image

An unprecedented dividend scandal engulfing Samsung Securities left an indelible taint on the brokerage's reputation. Criticism over the brokerage's poor dividend management is mounting despite the company CEO's official apology last week.

2018-04-09 18:05

Samsung Securities rapped for moral hazard

Samsung Securities is under fire for mistakenly giving about 2.8 billion shares to its workers who own company stock. It was supposed to pay 2.8 billion won in dividends to the workers, but the company said it was an employee's mistake in inputting numbers in the system.

2018-04-08 22:39

BOK's new building project hits snag

The Bank of Korea (BOK), the country's central bank, has big plans to construct a new building, which is due for completion by the first half of 2020.

2018-04-06 17:01

Cryptocurrency executives detained on fraud, embezzlement charges

Prosecutors said Thursday they have detained four executives of two cryptocurrency exchanges for fraud and embezzlement amid concerns about a market bubble burst. Kim Ik-hwan, head of Coinnest, and three others were put in custody Wednesday after a court issued warrants for detention for up to two days, the Seoul Southern District Prosecutors' Office said.

2018-04-05 15:15

Bank CEOs rushing to buy shares of their companies

Chief executives at Korea's top three banking groups are continuing to purchase shares of their own banks, believing them to be undervalued.

2018-04-04 16:47

[INTERVIEW] 'Korea should ease rules on ICOs'

Korea's ban on initial coin offerings (ICOs) needs to be eased or reversed in the coming months given the growing importance of blockchain technology, a system for secure and distributed database of transactions, according to co-founder and CEO of Asia Innovations Group Andy Tian.

2018-04-04 16:43

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