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Entertainment & Arts

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Asia

Finance

Fri, December 9, 2022 | 10:38

PEFs face dilemma as exits become difficult

PEFs face dilemma as exits become difficult

Due to the soaring global interest rates and concerns over a recession, private equity firms (PEFs) are finding it hard to make successful exits from some of the projects they previously invested in within their portfolios. That's because unfavorable external factors, including curtailed asset prices, slashed corporate valuations, the bearish moves of stock markets and slowed...

Anna J. Park | 2022-12-06 16:32

Banks mull over private offering of bonds in fresh attempt to raise capital

Banks mull over private offering of bonds in fresh attempt to raise capital

Banks are considering issuing bonds that will be privately offered to other lenders, in a fresh attempt to raise money, as the financial authorities are pressing them to refrain from issuing bonds that are publicly put up for sale on the market, according to multiple lenders, Monday.The private offering of bonds has never taken place in the banking industry before, while the ...

Yi Whan-woo | 2022-12-05 16:46

FSS urges Shinhan Bank to bolster anti-money laundering system

FSS urges Shinhan Bank to bolster anti-money laundering system

The Financial Supervisory Service (FSS) has asked Shinhan Bank to improve its anti-money laundering (AML) management system, particularly in the areas of digital asset businesses and overseas branches.

Anna J. Park | 2022-12-05 16:40

JB Financial Group awarded as outstanding ESG company

JB Financial Group awarded as outstanding ESG company

JB Financial Group has been awarded as an outstanding company for its environmental, social and governance (ESG) criteria by the Korea Institute of Corporate Governance and Sustainability (KCGS), as the financial group received a comprehensive A rating from the corporate assessment agency.

Anna J. Park | 2022-12-05 16:32

Nearly half of big firms have yet to set up 2023 investment plans: poll

Nearly half of big firms have yet to set up 2023 investment plans: poll

Nearly half of Korea's large companies have no investment plans for 2023 or have yet to set up plans amid high economic uncertainty, a poll showed Monday.

2022-12-05 11:17

Korea's foreign reserves up in Nov. on dollar's fall

Korea's foreign reserves up in Nov. on dollar's fall

Korea's foreign reserves increased in November as the dollar-converted value of holdings rose thanks to the greenback's fall, central bank data showed Monday.

2022-12-05 10:24

Wealthy Koreans invest less in financial products, more in real estate

Wealthy Koreans invest less in financial products, more in real estate

Wealthy Korean nationals are investing less in financial investment products and more in real estate, according to data released Sunday. In a survey of 400 people who have 1 billion won ($768,000) or more in their financial assets, KB Financial Group said stocks, bonds, derivatives and other financial investment products accounted for 36.6 percent of their total wealth in 202...

Yi Whan-woo | 2022-12-04 22:25

Hana Financial promotes mental health with Dr. Oh Eun-young

Hana Financial promotes mental health with Dr. Oh Eun-young

Hana Financial Group announced Sunday that it hosted a presentation with renowned psychiatrist Dr. Oh Eun-young late last week to provide practical advice for the group's employees to address mental health issues both at work and at home. About 500 workers attended the event held on Friday at Hana Global Campus, the financial group's employee training facility located in Inch...

Anna J. Park | 2022-12-04 16:54

Prolonged truckers' strike feared to worsen trade deficit

Prolonged truckers' strike feared to worsen trade deficit

A nationwide strike by unionized cargo truckers is adding to concerns over Korea's worsening trade balance as the protest is hurting the nation's exports, which fell for the second straight month in November, according to industry officials Sunday. The concerns come as the trade balance has remained in the red for the eight consecutive month in November for the first time sin...

Yi Whan-woo | 2022-12-04 16:27

Gov't to expand executive order to striking truckers in refining, steel sectors

Hahn & Co. completes acquisition of film business from SKC

Hahn & Co. completes acquisition of film business from SKC

Korean private equity firm Hahn & Co. said that it has successfully completed the acquisition of the industrial film business of SKC, an affiliate of Korea's SK Group, earlier this month. The 1.6 trillion won ($1.2 billion) buyout deal is the country's largest M&A transaction closed this year. Hahn & Co. and the SK Group signed a stock purchase agreement in June this year, la...

Anna J. Park | 2022-12-04 15:24

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