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Wed, October 4, 2023 | 19:49

KDIC resumes M&A process of MG Non-Life Insurance

KDIC resumes M&A process of MG Non-Life Insurance

The Korea Deposit Insurance Corporation (KDIC) has officially kicked off the M&A bidding process for MG Non-Life Insurance this week. Samjeong KPMG, the lead sale manager of the deal, plans to receive Letter of Intent (LOI) submissions by potential buyers by Oct. 5 in order to select preliminary bidders.

Anna J. Park | 2023-08-29 16:01

Internet-only banks face dilemma in expanding loans to low-credit customers

Internet-only banks face dilemma in expanding loans to low-credit customers

In the second quarter of this year, internet-only banks did not meet their objective regarding loan ratios for individuals with medium to low credit scores. Although expanding loans to this demographic was originally a primary focus for these banks, they now face a dilemma as widening the loan base could compromise their financial stability.

Lee Yeon-woo | 2023-08-29 15:24

Korean banks' Q2 net profit unchanged from 3 months earlier

Korean banks' Q2 net profit unchanged from 3 months earlier

Korean banks' second-quarter net profit was flat from the previous quarter as an increase in the Korea Development Bank's (KDB) net profit offset a decline in ordinary banks' net profit, preliminary data showed Tuesday.

2023-08-29 14:35

Korea, SP begin annual consultation meetings

Korea, SP begin annual consultation meetings

Korea on Monday began annual consultation meetings with global rating appraiser Standard Poor's Global Ratings (SP) to discuss the country's credit valuation and economic circumstances, the finance ministry said.

2023-08-28 18:34

Why do minority shareholders of HMM endorse Hapag-Lloyd's bid?

Why do minority shareholders of HMM endorse Hapag-Lloyd's bid?

Following the end of preliminary bidding early last week to acquire HMM, some of the container transport company's minority shareholders have come together to support an acquisition bid by German shipping giant Hapag-Lloyd.

Anna J. Park | 2023-08-28 16:49

Hana makes donation to Mexican school

Hana makes donation to Mexican school

Hana Financial Group Vice Chairman Lee Eun-hyung, third from left, poses with other participants during the Seoul-based banking group's donation of school supplies to Chalco Girlstown, a Catholic boarding school for girls in Mexico, Thursday. The ceremony took place at the regional head office of Hana Bank, the banking group's flagship affiliate, in Mexico City. Courtesy of H...

Yi Whan-woo | 2023-08-27 16:29

Naver Pay to expand as comprehensive financial platform

Naver Pay to expand as comprehensive financial platform

Naver Pay has declared its new roadmap to expand into a comprehensive financial platform by widening the horizons of finance through technology. The fintech company has so far primarily focused on providing the country's leading online simplified payment services.

Anna J. Park | 2023-08-24 16:34

Naver launches hyperscale generative AI to counter ChatGPT

KCGI urges Hyundai Elevator to transform board

KCGI urges Hyundai Elevator to transform board

KCGI Asset Management (KCGI AM) has urged Hyundai Elevator to remove Hyun Jeong-eun, the incumbent chair of Hyundai Elevator's board of directors, from the board to bring more transparency and independence to the firm's corporate governance by separating the ownership and management. KCGI holds about a 2 percent stake in common shares of Hyundai Elevator.

Anna J. Park | 2023-08-24 16:10

Hana Card's travel app draws more than 2 million subscribers

Hana Card's travel app draws more than 2 million subscribers

Hana Card said, Wednesday, that it drew more than 2 million subscribers for Travellog, its custom mobile app aimed at offering benefits for customers when traveling abroad.

Yi Whan-woo | 2023-08-23 17:02

FSS raids KB headquarters over alleged insider trading

FSS raids KB headquarters over alleged insider trading

The Financial Supervisory Service (FSS) raided KB Kookmin Bank's headquarters in Seoul, Wednesday, to look into whether some employees there had engaged in suspicious stock trading by using undisclosed internal information.

Lee Min-hyung | 2023-08-23 16:51

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Top 10 Stories

1	Public transit fares to increase in Seoul and Busan this week

2	Ruling party vows to investigate China's alleged influence operations

3	Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

4	Korean steelmakers on alert over initiation of EU carbon border tariff

5	Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

6	30 out of 74 major financial companies lack female board member

7	Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

8	Dong-A Socio Group’s honorary chairman passes away at 96

9	Lawmakers want chairmen of financial firms held accountable over misconduct

10	Returning home from Chuseok holiday

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