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...
“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...
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...
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...
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...
Famed investor looks for South Korean companies that will benefit from North Korea's opening
Legendary investor Jim Rogers, the founder of the Quantum Fund, expected that the world will not be able to recover from the lingering coronavirus crisis in...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
