Asia

ASIA HEADLINES
  • Hana named preferred bidder for Germany's largest office building
    by Kim Bo-eun on January 1, 1970 at 12:00 am

    Hana Financial Investment is in exclusive negotiations to purchase Germany's largest office building “The Squaire,” the investment manager confirmed Tuesday.

  • FSC chief focuses on 'overcoming Japan'
    by Park Jae-hyuk on January 1, 1970 at 12:00 am

    ANSEONG, Gyeonggi Province - Financial Services Commission (FSC) Chairman Eun Sung-soo has vowed to provide all possible support for local firms to deal with the fallout from Japan's export curbs. His pledge came Tuesday during his visit to a local equipment manufacturer. This was his first […]

  • Suhyup Bank establishes first subsidiary in Myanmar
    by Kim Bo-eun on January 1, 1970 at 12:00 am

    Suhyup Bank has opened its first overseas subsidiary, announcing Tuesday the opening of a microfinance institution in Myanmar.

  • Guidebook for startups
    by Park Jae-hyuk on January 1, 1970 at 12:00 am
  • Woori, Hana face lawsuit over DLF fiasco
    by Lee Kyung-min on January 1, 1970 at 12:00 am

    A group of investors are planning to file a lawsuit against Woori Bank and KEB Hanna Bank for their “irresponsible marketing” of high-risk derivative products that are expected to see them suffer billions of won in losses, a team organizing the suit said Tuesday.

  • IBK CEO Kim visits Indonesia to facilitate M&A project
    by Jhoo Dong-chan on January 1, 1970 at 12:00 am

    Industrial Bank of Korea (IBK) CEO Kim Do-jin is visiting Indonesia to participate in an inauguration event for PT Bank IBK Indonesia slated for Sept. 19. IBK acquired an 87.34 percent stake in PT Bank Agris in February 2018 and a 71.7 percent stake in PT Mitraniaga in April 2018. The Korean bank […]

  • Woori to strengthen mobile app for overseas customers
    by Lee Kyung-min on January 1, 1970 at 12:00 am

    Woori Bank has launched a project to upgrade its global mobile app as part of its effort to strengthen its retail business abroad, particularly in Southeast Asia, the lender said Tuesday. Under the new project, various features will be added to improve user experience including an easy-to-use […]

  • Toss emerges as marketing platform for financial firms
    by Kim Bo-eun on January 1, 1970 at 12:00 am

    Toss, which began as a money transfer app, has developed into an in-demand marketing platform for financial firms' products. The application, which now offers comprehensive services including sales of credit cards, insurance and savings products, is proving to be an effective tool for companies to […]

  • Korea considers releasing oil reserves in case of supply disruption
    by KoreaTimes on January 1, 1970 at 12:00 am

    South Korea will consider releasing its strategic oil reserves in case supply is disrupted following drone strikes on Saudi Arabia's crude processing facilities, a senior official said Tuesday. The combined oil reserves held by the South Korean government and local refiners came to 200 million […]

  • Korea Investment & Securities faces triple whammy
    by Park Jae-hyuk on January 1, 1970 at 12:00 am

    Korea Investment & Securities may face a setback in achieving its grand scheme of being the nation's first brokerage firm that posts a 1 trillion won ($844 million) annual operating profit, as it has been involved in a series of scandals recently.

  • KDB chief under fire for proposing merger with Eximbank
    by Park Jae-hyuk on January 1, 1970 at 12:00 am

    Korea Development Bank (KDB) Chairman Lee Dong-gull is facing growing criticism after proposing a merger of two government-run banks - the KDB and the Export-Import Bank of Korea (Eximbank).

  • Savings banks urged to beef up credit risk management
    by Lee Kyung-min on January 1, 1970 at 12:00 am

    Savings banks should take greater precautions against increasing default risks, as many of their low-credit, financially vulnerable customers have increased their borrowing from multiple low-tier lenders amid the deteriorating business environment, a central bank report said Monday.

  • Soaring oil prices put additional burden on economy
    by Jhoo Dong-chan on January 1, 1970 at 12:00 am

    International oil prices are likely to continue on an upward spiral in the wake of oil supply disruptions triggered by Saturday's drone attacks on Saudi Arabian oil faculties, according to market experts, Monday. They expect that this will lead to a spike in local gasoline and diesel prices, […]

  • MBK Partners chief among Korea's 30 richest
    by Kim Bo-eun on January 1, 1970 at 12:00 am

    Kim Byung-ju, chairman of the country's largest private equity firm, MBK Partners, has become one of Korea's 30 richest people, according to Forbes. On South Korea's 30 Richest 2019 released recently by the American business magazine, Kim was 23rd, with 1.76 trillion won ($1.48 billion) in assets.

  • Shinhan included in DJSI for 7th straight year
    by Park Jae-hyuk on January 1, 1970 at 12:00 am

    Shinhan Financial Group became the nation's first financial group to be included in the Dow Jones Sustainability Indices (DJSI) World for the seventh straight year, according to the banking group, Monday.

  • Going paperless
    by Park Jae-hyuk on January 1, 1970 at 12:00 am
  • South Korea to remove Japan from whitelist this week
    by Kwak Yeon-soo on January 1, 1970 at 12:00 am

    Korea will remove Japan from its “whitelist” of preferred trading partners sometime this week, the Ministry of Trade, Industry and Energy said Sunday.

  • BOK braces for worst-case scenario
    by Park Jae-hyuk on January 1, 1970 at 12:00 am

    The Bank of Korea (BOK) has begun to prepare for any contingent emergencies with Governor Lee Ju-yeol recently ordering several departments to prepare for a worst-case scenario amid growing uncertainties in the global and domestic economies, the central bank said Sunday. The BOK chief also convened […]

  • Electronic securities system goes into effect Monday
    by Kim Bo-eun on January 1, 1970 at 12:00 am

    The electronic securities system will go into effect Monday, with expectations that it will make the capital market more transparent and efficient, as well as save costs, the Financial Services Commission (FSC) said Sunday.

  • Encouraging workers on duty
    by Kim Bo-eun on January 1, 1970 at 12:00 am