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Finance

Non-banks

Mon, June 14, 2021 | 20:22

Hana gets green light to establish asset management firm in Singapore

Hana Financial Group said Monday that it has won preliminary approval from Singapore's financial authorities to set up an asset management company in the Southeast Asian country. Granted by the Monetary Authority of Singapore (MAS), Friday, the preliminary approval comes as the Seoul-based financial holding company seeks to enhance global businesses, especially in non-banking...

2021-06-14 17:06

ABL Life Insurance lowers barriers for cancer coverage

ABL Life Insurance is promoting a new health insurance plan that has lowered barriers for senior citizens and people with chronic illnesses in receiving benefits when diagnosed with cancer. The insurance especially covers costs for molecularly targeted therapy, an advanced yet high-cost medical treatment.

2021-06-11 09:11

Founding member of sovereign wealth fund joins startup

Kasa Korea, a real estate investment platform operator that runs the country's only digital asset-backed securities exchange, recently appointed as chief operating officer (COO), Park Sang-il, who had worked previously for the corporate strategy group of the Korea Investment Corp. (KIC).

2021-06-07 11:09

BC Card decides to sell entire stake in MasterCard

BC Card has decided to sell its entire stake in MasterCard in what is believed to be a move to participate in a capital increase by K bank. Currently, the card firm is the largest shareholder of the internet-only bank with a 34 percent stake.

2021-06-04 15:41

Samjong KPMG urges businesses to align portfolios with ESG

Samjong KPMG has called on Korean companies to carry out drastic business portfolio restructuring by taking into account opportunities and risks from environmental, social and corporate governance (ESG) factors, instead of considering their portfolios as separate from ESG management.

2021-06-02 16:05

Leadership vacuum looms at Naver Financial following suicide scandal

Naver Financial appears to face a leadership vacuum after Naver CEO Han Seong-sook accepted a recommendation by the online search portal's risk management committee calling for Choi In-hyuk, the head of the fintech arm, to be suspended from his duties.

2021-06-02 15:11

Employee's death to affect Naver's ESG evaluation

Gates Korea labor dispute to hurt Blackstone's Seoul office reopening

The former workers of Gates Korea, who lost their jobs a year ago following the decision by Gates Global - owned by the Blackstone Group - to close its automotive mechanical rubber plant in Daegu, are planning to hold a sit-in near the U.S. private equity firm's (PEF) Seoul office. The Blackstone Group's Seoul office is set to reopen seven years after its closure in 2014. The...

2021-06-01 16:31

[Reporter's Notebook] Macquarie can learn lessons from Mirae Asset, Hahn & Co.

Macquarie has a chance to learn lessons from Mirae Asset and Hahn & Company in terms of managing disputes with civic groups in the regions where they made investments.

2021-05-31 16:49

Korea Investment & Securities to issue foreign currency bond for first time

Korea Investment & Securities is set to issue around $600 million worth of foreign currency bonds around July this year. It will be the first time that the brokerage is issuing dollar-denominated debt since it opened in 1974.

Anna J. Park | 2021-05-28 17:08

Large-scale lawsuits set to test Mirae Asset's capacity

Market insiders' attention is focused on whether Mirae Asset Securities will win the two forthcoming large-scale lawsuits involving its foundered alternative investments, as its asset management affiliate defeated China's Anbang Insurance Group last year in litigation over a canceled acquisition of luxury hotels worth $5.8 billion won in the United States.

2021-05-20 16:40

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