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Wednesday, May 18, 2022
Why foreign life insurers have so many executives? There are 24 life insurance companies in Korea. Excluding small-sized players, 18 outfits have more than 250 employees as of this April, according to the Korea Life Insurance Association. A total of...
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...
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...
Korean lenders opt not to acquire Cambodian financial outfit Shinhan Bank is Korea’s largest lender by net profit. When its new CEO Jin Ok-dong took charge of the Seoul-based entity early this year, he promised to remain ahead of 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...
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...
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...
Asset management firm reaches new milestone Mirae Asset Global Investments keeps beefing up its leadership in the Korean asset management market as the outfit’s trust money topped 7 trillion won last year. The amount continues to rise into this year as...
ABL Life, a life insurance company affiliated with China’s Anbang Group, announced on April 4 that it appointed Zheqiang Xie, the current chair of the board of directors, as its new chief executive. The new chief will begin his term from...
MBK head to release 'Offerings' on March 24 As the founder of Korea’s largest homegrown private equity fund, MBK Partners Chairman Michael Byungju Kim is mostly known about his aggressive investments. This time around, however, he is poised to grab...

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