S.Korea’s top 4 financial holding firms cheer upbeat Q1 results

South Korea’s top four financial holding companies – Shinhan, KB, Hana and Woori – reported stellar earnings for the first quarter...

KB Financial logs 61% profit growth, rebounding from ELS fiasco

KB Financial Group Inc. on Thursday reported a 61% jump in first-quarter profit, led by a nearly threefold rise in earnings at its flagship unit Koo...

Korean banking group's Q1 profits drop on ELS sales

The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...

State intervention in HSCEI-tied ELS sale debacle could backfire: scholars

South Korea’s economics scholars oppose government-led countermeasures, including compensation packages, to handle mounting retail investor lo...

Korean banks stop ELS sales after HSCEI debacle

South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...

Central, South America: Korean builders’ El Dorado

South Korean construction companies are penetrating deeper into Central and South America, where high demand for infrastructure facilities is now se...

Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman

The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...

Korean investors doomed to suffer $171 mn losses from HSCEI ELS

South Korean investors have already suffered about 230 billion won ($171 million) losses from their investments in equity-linked securities (ELS) ti...

S.Korea launches official probe into HSCEI-tied ELS sale

South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...

Korean ELS investors biting nails over sharp falls in Hong Kong shares

Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...

Ssangyong Motor struggles to find new owner

Ssangyong Motor Co., the troubled South Korean sport utility vehicle manufacturer, is struggling to find a new owner amid doubts as to whether the e...

Korean EV startup makes highest bid for Ssangyong Motor

South Korea's electric vehicle and battery startup EL B&T has offered the highest price of around 500 billion won ($430 million) for debt-laden ...