The market value of LG Group companies has moved up to the third place after overtaking that of Hyundai Motor Group following Samsung and SK. Hyundai Motor lost out to LG after giving away the seco...
2017-09-07 08:27
The Thailand unit of Samsung Life, which has continued its presence in the Southeast Asian country even after most Korean financial service firms had withdrawn, turned to the black for the first ti...
2017-08-23 09:01
The volume of home mortgage loans made out by commercial banks is falling at a rapid rate after the government's measure to keep the housing marketing from overheating on August 2. According to f...
2017-08-22 07:42
Hyundai Merchant Marine is pushing forward with a plan to attract an investment of up to 1 trillion won from BlackRock, the world's largest asset management firm. According to investment banking in...
2017-08-21 10:13
The average apartment price in Seoul has declined for the first time in 17 months due to the government's measure announced on August 2 to rein in runaway housing prices. According to the Korea App...
2017-08-11 07:59
Korean banks posted a first-half net profit of more than 8 trillion won. Comparing to the 3-trillion-won level net profit in the same period last year, this is an increase by more than 5 trillion w...
2017-08-09 11:01Samsung Securities said on August 7 that Wonik IPS, a semiconductor equipment maker, will be able to continue to perform well next year on the back of the brisk sales of memory chips. It raised the...
2017-08-07 09:05
Korea's balance of foreign exchange reserves has hit record highs for three consecutive months. The Bank of Korea said on August 3 that the international reserves balance rose by US$3.19 billion ...
2017-08-04 08:28
During the weekend, the impact of the second Internet-only bank KakaoBank was felt widely by incumbent commercial banks. The total number of customers who have opened their accounts with the new ...
2017-07-31 10:39
Korea's major banks are taking part in a large-scale project financing deal in New York's Manhattan, first time since the 2008 global financial crisis. According to real estate and financial serv...
2017-07-29 12:34
LS Group has secured cash of more than 1 trillion won from Kohlberg Kravis Roberts (KKR & Co.). In return, KKR will acquire a 47-percent stake in LS Automotive, the nation's No. 1 automotive elec...
2017-07-27 03:50
The second-quarter net profit for Hyundai Motor and AmorePacific has been cut by a half from the previous year. Even though a worse profit would be expected due to the retaliatory measures by the...
2017-07-27 03:41
As the international oil prices move below the US$50 level, the results of oil refining industry have retreated in the second quarter. The nation's top-four oil refiners had enjoyed high operatin...
2017-07-24 07:47
The balance of bank deposits is at a record-high level. Despite the super-low interest rate, investors tend to prefer parking their money in safe instruments rather than risking it in the stock m...
2017-07-13 06:29CJ CheilJedang is set to undertake a demand forecast with institutional investors as part of an effort to sell off all its 1.49-percent stake (2,985,850 shares) in Samsung Life. This is worth 368.8...
2017-07-12 08:29
A career bureaucrat and former administrator of South Korea’s National Radio Research Agency was appointed as chief investment officer of Korea Post’s savings arm in early July to take charge of $58 billion asset management. The Ministry of Science and&hellip
The Government Employees Pension Service (GEPS) will commit 100 billion won ($88.4 million) to a global equity fund integrating environmental, social and governance (ESG) factors in its investment, the first allocation to a global ESG fund by a South Korean&hellip
National Pension Service’s (NPS) investment strategy head Su-Cheol Lee has assumed the role of acting chief investment officer of the $561 billion pension fund, as it has been looking for CIO for one year. Last Friday, Lee took over from&hellip
