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Finance

Fri, May 14, 2021 | 22:26

Kyobo Life seeks expansion in cultural industry

Kyobo Life Insurance, which has been engaged in the life insurance business over the past 60 years, held the Vision2025 proclamation ceremony at its Seoul headquarters, Wednesday, to declare it would become a leading company in both the cultural and financial industries by 2025 to pursue innovation in customer value.

Park Jae-hyuk | 2021-04-29 15:34

S&P upgrades Mirae Asset credit rating on stable portfolio, risk management expertise

S&P Global Ratings has revised up Mirae Asset Securities' credit rating on the company's stable business portfolio and strong risk management capabilities. In a recent statement, the global ratings firm upgraded the outlook for the Seoul-based brokerage house to “stable” from negative.

Lee Min-hyung | 2021-04-29 15:06

Coupang among 7 new companies subject to more strict regulations

South Korea's corporate watchdog said Thursday seven more major firms are required to disclose detailed information on their management and business activities.

2021-04-29 15:04

Korea set to partially lift ban on stock short selling after 14 months

South Korea's financial regulator is set to partially lift its ban on short selling of listed stocks starting next week, about 14 months after it imposed it to cope with a stock market rout triggered by the COVID-19 pandemic. Although retail investors have urged financial authorities to prohibit the hedging practice, some experts said the partial resumption of short selling i...

2021-04-29 09:29

DSC Investment acquires 6.5% of early morning delivery biz Team Fresh

DSC Investment announced that it recently acquired a 6.5 percent stake in the Korea-headquartered logistics company Team Fresh for 6.5 billion won (5.84 million).

Anna J. Park | 2021-04-28 16:36

JB Financial Group achieves record-high Q1 net profit

JB Financial Group saw its first-quarter net profit surge 37.1 percent year-on-year to 132.3 billion won ($119 million). It was the highest-ever net profit achieved by the financial group in the first three months of any year.

Anna J. Park | 2021-04-28 16:35

Shinhan affiliates suffer losses in Indonesia

Shinhan Financial Group's banking, financial investment and credit card businesses in Indonesia suffered losses last year.

Lee Kyung-min | 2021-04-28 16:05

National Pension Service to review divestments from firms using coal

The National Pension Service (NPS) will discuss divesting from companies mining coal and those generating electricity from it, during its forthcoming Fund Management Committee meeting, according to sources and media reports, Wednesday. The decision was made after the state pension fund's Special Committee on Responsible Investment & Governance held talks recently on the intro...

Park Jae-hyuk | 2021-04-28 15:56

Market cap of Kakao's fintech subsidiaries set to surpass conventional banks

Two financial subsidiaries of Kakao, the nation's dominant mobile platform operator, are set to surpass the largest financial holding company here, in terms of their combined market capitalization, after going public this year.

Lee Min-hyung | 2021-04-28 15:33

Archegos fiasco deals new blows to UBS, Nomura

The collapse of US hedge fund Archegos dealt new blows to global banking giants on Tuesday as Japan's Nomura reported a bigger financial impact than expected and Switzerland's UBS disclosed a surprise hit. Shockwaves rippled through global financial markets and institutions last month when then little-known Archegos sold at least $20 billion in stocks as it sought to cover ob...

2021-04-27 19:53

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