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Wednesday, August 17, 2022
ABL Life Insurance plans to introduce an innovative whole life insurance product with no surrender values next month. Instead, it enables policyholders to pay less in premiums compared to existing products. The Seoul-based company said on March 27 that it...
Asset management firm goes global in full swing Mirae Asset Global Investments began a full-fledged foray into the international market last year by acquiring Global X, setting up a joint venture in Vietnam and acquiring a license to run a...
Deloitte keeps struggling Korea’s accounting industry has not seen big changes in the rankings of the four biggest players over the past few years. Samil PricewaterhouseCoopers has been the runaway leader, while Samjong KPMG and Deloitte Anjin have competed for the...
“Korea doesn’t want foreigners to invest” World-famous investor Jim Rogers lashed out at the Korean stock exchange system, which he said is complicated and very difficult to use. He even said that “investing in South Korea’s stocks is a real...
NongHyup Bank, also known as NH Bank, would be inspected by the New York State Department of Financial Services (DFS) with regard to a possible breach of anti-money laundering (AML) laws. A source familiar with the issue said on March...
In Korea’s robo-adviser market, Quarterback Investments has reigned for the past few years. However, appears to have dethroned the perennial champion last year. According to the Korea Financial Investment Association on March 13, Fount managed funds amounting to 137.6...
A global consortium headed by a Korean investment bank was selected as the preferred bidder for ownership of the Tour Majunga, the fourth-tallest building in France, after offering around $1 billion. Mirae Asset Daewoo leads the consortium, which includes Amundi...
The judiciary power abuse scandal involving former Supreme Court Chief Yang Sung-tae is feared to aggregate the so-called “Korea Discount,” which will lead to lower stock prices and less foreign investment. The Korea Discount refers to the amount by which...
NongHyup Bank, also known as NH Bank, is trying to deal with anti-money laundering (AML) issues, which left its New York branch facing an $11 million fine in 2017. NH Bank chief Lee Dae-hoon made the point during a recent...
Korea’s economy will grow just 2.3 percent this year, its second worst performance in the 21st century after a mere 0.7 percent spurt in 2009, a global private think-tank predicted in a recent interview with The Korea News Plus. This...

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SK investing in TerraPower of Bill Gates

SK units have become shareholder of US TerraPower SK Group’s two affiliates of SK Corp and SK Innovation announced on Aug. 16 that the two...