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Tue, May 30, 2023 | 21:12
Dongbu driver's insurance gains traction
Dongbu Insurance has strengthened its insurance product lineup for drivers to meet the growing demands for increased benefits, the non-life insurer said Monday.
Economy | 2015-12-28 17:45
Mirae Asset eyes further M&As for growth
Mirae Asset Financial Group will continue to seek mergers and acquisitions to grow into a global player in asset management and investment banking, group chairman Park Hyeon-joo said Monday.
Economy | 2015-12-28 17:01
Too much caution holds back KB expansion
KB Financial Group’s failure at the auction to acquire KDB Daewoo Securities will delay the country’s largest retail bank from moving forward into non-banking businesses, analysts and industry sources said Friday. In major mergers and acquisitions (M&A) deals during the past decade, KB Financial has never been aggressive when calculating the price of companies for sale such a...
Economy | 2015-12-25 17:26
Mirae Asset set to become top Asian IB
Mirae Asset Financial Group’s successful bid for a controlling stake in KDB Daewoo Securities will pave the way for the financial group to grow into a major investment bank in Asia. On Thursday, a Mirae Asset Securities-led consortium was selected as the preferred bidder to acquire a 43 percent stake in KDB Daewoo Securities and a 100 percent stake in KDB Daewoo Management, b...
Economy | 2015-12-25 16:16
Mirae Asset named preferred bidder for KDB Daewoo
A Mirae Asset Securities-led consortium has been named as the preferred bidder to acquire a controlling stake in KDB Daewoo Securities, the state-run Korea Development Bank (KDB) said Thursday. KDB, which controls KDB Daewoo with a 43 percent stake, held a board meeting to select the consortium as the preferred bidder for the stake in KDB Daewoo and the entire 100 percent sta...
Economy | 2015-12-24 16:51
BOK to keep monetary easing
The Bank of Korea (BOK) said Thursday it will continue its monetary easing policy next year to support growth amid ongoing financial uncertainties due to the beginning of U.S. tightening and a slowdown in emerging markets. In the monetary policy direction for 2016 announced Thursday, the central bank warned, “slowing demand from China and other emerging economies will pose on...
Economy | 2015-12-24 16:14
Seoul to offer overseas private loans
The Korean government will offer financial help to the private sector in developing countries through the Economic Development Cooperation Fund (EDCF) from next year, a move designed to facilitate balanced growth between the public and private sectors.
Economy | 2015-12-23 17:50
Woori bets on Southeast Asia
Woori Bank said Tuesday it will expand into Southeast Asian countries as it seeks to find new areas of growth, away from the saturated domestic market where it is enduring low growth and margins.
Economy | 2015-12-22 16:40
KB strengthens private banking services
KB Kookmin Bank, the country’s largest retail lender, said Tuesday it will further focus on convincing high-net-wealth individuals in the domestic market to weather low growth and low margins.
Economy | 2015-12-22 16:38
4 bidders vying for KDB Daewoo
Four bidders have submitted a final bid to acquire a controlling stake in KDB Daewoo Securities to the state-run Korea Development Bank (KDB). The biggest shareholder plans to select a preferred bidder, Thursday, according to KDB, Monday.
Economy | 2015-12-21 21:13
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