KB, Woori, Hana, POSCO, LG record stellar bottom lines
A flurry of South Korean companies chalked up record profits during the first half of this year, including KB, Hana, Woori, LG Household & Health Care, and POSCO.
KB Financial Group, the...
Korean internet-only bank will go public early August
South Korea’s largest digital lender Kakao Bank shattered the record for initial public offering in terms of demand by attracting funds bigger than the country’s yearly outputs.
Kakao Bank received 2,585 trillion won...
Global X comes up with three exchange-traded funds
Mirae Asset Global Investments, South Korea’s foremost asset management company, has come up with three exchange-traded funds (ETFs) in New York, including one that tracks blockchain-related stocks.
The Seoul-based company said on July...
Seoul-based insurer comes up with out-of-the-box products
TongYang Life Insurance secures exclusive rights to sell its new-concept riders, which cover sudden sensorineural hearing loss and sleep apnea, from the Korea Life Insurance Association.
The Seoul-based insurer announced on June 24 that...
Korean insurer strives to expand coverage for cancer patients
ABL Life announced on June 18 that it had launched a new cancer insurance plan designed to provide a much broader coverage compared to the existing products.
The Seoul-based life insurer said...
Discussions underway about digital transition, new business models
The Korean Federation of Community Credit Cooperatives (KFCC) strives to better adapt to the changes in the global financial ecosystem, together with its peer _ the European Association of Cooperative Banks (EACB).
Toward...
UBC praises KFCC as a proper model to change underdeveloped rural areas
Uganda’s public broadcaster network has recognized the Korean Federation of Community Credit Cooperatives (KFCC) as one of the best practices to change the African country’s rural areas.
The Uganda...
Cross-border payment solutions dedicated to hospitality industry will be developed
Citibank Korea announced on May 24 that the Seoul-based lender will join hands with Yanolja to help the latter expand its businesses outside of the country.
Toward that end, Citibank Korea...
Korea’s leading brokerage triples bottom line in 1Q
Mirae Asset Securities, Korea’s leading brokerage house, announced on May 7 that it chalked up a profit of 419.1 billion won ($377 million) during the first quarter of this year, up 202.2...
5,000 Uganda people enjoy financial services from KFCC
The Korean Federation of Community Credit Cooperatives (KFCC) announced on May 7 that the outfit had gained the status of a perpetual legal entity in Uganda.
This means that the KFCC has become...
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The South Korean economy fared well in July in terms of exports, but the country faces a mounting...
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