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Finance

Non-banks

Thu, October 24, 2019 | 05:34

'Microscopic' oversight needed for PEF market

Financial regulators should take a "microscopic" approach to regulating the private equity fund (PEF) market by not overhauling the rules for the entire market and instead focusing on a few players engaged in wrongdoing, experts said Wednesday.

2019-10-23 17:04

Samsung, Kakao join hands for insurance biz

Samsung Fire & Marine Insurance and KakaoPay have formed a partnership to establish an internet-only non-life insurance firm, the companies said Wednesday.

2019-10-23 16:19

Asiana bid likely to be two-way race

The bidding for Asiana Airlines is likely to be a two-way race, as Aekyung Group has joined hands with Stonebridge Capital. The Aekyung consortium is set to compete with a consortium of Hyundai Development Company and Mirae Asset Daewoo, which has been considered the strongest contender thus far.

2019-10-22 17:34

Lotte Insurance raises W375 bil. by issuing new shares

Lotte Insurance raised 375 billion won ($319.2 million) by issuing new stocks, the non-life insurer said Monday. The issuing price was 2,130 won per share.

2019-10-21 18:26

Kyobo Life chairman awarded for sustainability efforts

Kyobo Life Insurance Chairman Shin Chang-jae was recognized Friday for the efforts he has made toward achieving sustainable management. Shin received the “Best CEO of the Year” award at the 2019 Korean Sustainability Conference held at the Lotte Hotel in central Seoul.

2019-10-18 16:28

Hyundai Card CEO 'in love' with startups

Hyundai Card Vice Chairman and CEO Chung Tae-young, who described his company as “Korea's biggest startup,” has gone all out to promote the firm's digital transformation through partnerships with prospective startups, according to industry officials, Tuesday.

2019-10-18 16:02

JKL, MBK start taking control of former Lotte units

Private equity firms (PEFs) that finalized their acquisitions of Lotte's insurance and credit card units have begun replacing the two financial companies' board members with their own executives, indicating the beginning of new management systems, according to the PEFs, Sunday.

2019-10-15 16:50

Korea at rock bottom in ratio of women on boards

Korea had the lowest percentage of women on boards of directors in the corporate sector in a survey of 56 countries, according to a report published by Credit Suisse, Tuesday.

2019-10-15 16:09

Lime could halt redemption of W1.33 tril in funds

The head of Lime Asset Management said Monday the hedge fund manager could suspend the redemption of private equity funds (PEFs) amounting to 1.33 trillion won ($1.12 billion).

2019-10-14 16:59

South Korea's nation brand value surpasses Italy to become the world's 9th: report

South Korea has surpassed Italy to become the world's ninth most valuable “nation brand,” according to the annual report by Brand Finance, a brand consultancy in London. South Korea's brand value, which increased 6.7 percent in the past year, is estimated at $2.13 trillion, followed by Italy ($2.11 trillion), which dropped to 10th from eighth.

2019-10-14 16:25

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