DB Insurance in talks to buy US auto insurer Fortegra in $1.5 billion deal

DB Insurance in talks to buy US auto insurer Fortegra in $1.5 billion deal

DB Insurance Co., a leading South Korean non-life insurance company, is in advanced talks to acquire US-based insurer Fortegra in a deal that could ...

Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer

Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer

Hanwha Life Insurance Co. has become the first South Korean insurance firm to advance into the overseas banking sector by securing a controlling sta...

JLL, Savills to lead Seoul Square sale in $1 bn deal

JLL, Savills to lead Seoul Square sale in $1 bn deal

JLL and Savills have been tapped to lead the sale of Seoul Square, a landmark office tower, valued at around 1.4 trillion won ($1 billion), adding t...

Korean pension funds, insurers seek customized investment vehicles

Korean pension funds, insurers seek customized investment vehicles

South Korean institutional investors are increasingly interested in separately managed accounts (SMAs) that offer customized strategies, as well as ...

Samsung flexes financial muscle as insurance, card units top rankings

Samsung flexes financial muscle as insurance, card units top rankings

Samsung Group’s financial affiliates are closing in on KB Financial Group for the top spot in South Korea’s financial services sector, u...

Kookmin Bank raises $700 mn in forex bonds amid strong demand

Kookmin Bank raises $700 mn in forex bonds amid strong demand

Kookmin Bank, a unit of KB Financial Group, raised $700 million in foreign exchange bonds on Tuesday, signaling a recovery in investor sentiment tow...

Kyobo Life poised to buy Japan’s SBI Group-owned savings bank

Kyobo Life poised to buy Japan’s SBI Group-owned savings bank

Kyobo Life Insurance Co. is in the final stages of negotiation with Japanese financial group SBI Holdings Inc. to buy about a 50% stake in SBI Savin...

DB Insurance becomes Daol Investment’s No.2 shareholder

DB Insurance becomes Daol Investment’s No.2 shareholder

DB Insurance Co., a leading South Korean non-life insurance company, has become Daol Investment & Securities Co.'s second-largest shareholder af...

Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms

Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms

Meritz Financial Group Inc., South Korea’s second-most valuable financial holding firm, has dropped its bid to acquire financial distressed MG...

Affinity, GIC sell out of Kyobo Life; Chairman Shin seeks holding firm, M&A

Affinity, GIC sell out of Kyobo Life; Chairman Shin seeks holding firm, M&A

Affinity Equity Partners and Singapore’s sovereign wealth fund GIC have sold their entire stake in Kyobo Life Insurance Co., exiting from thei...

Seoul Guarantee Insurance to raise $124 million from IPO

Seoul Guarantee Insurance to raise $124 million from IPO

Seoul Guarantee Insurance Co. (SGI) will raise 181.5 billion won ($124.2 million) through an initial public offering later this month in its second ...

Korean firms cut IPO prices, volumes amid bearish sentiment

Korean firms cut IPO prices, volumes amid bearish sentiment

South Korean companies are relaunching attempts to go public with lower valuations and fewer shares amid continued sour investor sentiment.CK Soluti...

Seoul Guarantee Insurance sharply cuts IPO valuation

Seoul Guarantee Insurance sharply cuts IPO valuation

Seoul Guarantee Insurance Co. (SGI) has slashed its target valuation by about 40% in a renewed attempt to go public on the South Korean stock exchan...

Hanwha Life acquires US securities firm Velocity

Hanwha Life acquires US securities firm Velocity

South Korea's Hanwha Life Insurance said on Wednesday it signed a stock purchase agreement (SPA) to acquire a 75% stake in Velocity Clearing LLC, ...

Toss Securities names Richard Hagen as CEO of TSAF

Toss Securities names Richard Hagen as CEO of TSAF

South Korea's Toss Securities said on Tuesday that it has appointed Richard J. Hagen as CEO of its US subsidiary, TSA Financial LLC (TSAF), and plan...

Celltrion's Zymfentra gets 90% distribution channel in US

Celltrion's Zymfentra gets 90% distribution channel in US

South Korean biosimilar maker Celltrion Inc. said on Monday its subcutaneous injection formulation for autoimmune diseases, Zymfentra (infliximab), ...

South Korea’s Viva Republica drops Korean IPO plan, seeks US debut

South Korea’s Viva Republica drops Korean IPO plan, seeks US debut

Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, has dropped its plan to go public in th...

Korea’s LG CNS, DN Solutions seek billions of dollars via Jan IPOs

Korea’s LG CNS, DN Solutions seek billions of dollars via Jan IPOs

LG CNS Co., DN Solutions Co. and other South Korean companies aim to raise billions of dollars through domestic initial public offerings (IPOs) in J...

Korean pension funds to up private equity exposure in 2025

Korean pension funds to up private equity exposure in 2025

South Korea's major pension and savings funds see no drastic reshuffle to their portfolios tilted to private debts next year. But they are looking t...

DB Insurance outshines domestic rivals in global business

DB Insurance outshines domestic rivals in global business

DB Insurance Co. raked in the biggest profits from overseas operations among South Korean insurance companies in the first half of this year, leadin...

Samsung’s Monimo set to disrupt Korea’s financial app market

Samsung’s Monimo set to disrupt Korea’s financial app market

Samsung Group, South Korea’s most powerful business group, is poised to crack the country’s financial app market — now crowded wit...

Celltrion's Zymfentra joins US insurance-covered drug lists

Celltrion's Zymfentra joins US insurance-covered drug lists

South Korean biosimilar maker Celltrion Inc. said on Monday that its subcutaneous injection formulation for autoimmune diseases, Zymfentra (inflixim...

Hana Card, Toss Bank jointly launch PLCC card

Hana Card, Toss Bank jointly launch PLCC card

South Korea's Hana Card announced on Friday that it partnered with Toss Bank to launch its first private label credit card (PLCC), the Toss Bank Cre...

Toss Securities to establish New York subsidiary

Toss Securities to establish New York subsidiary

South Korea's Toss Securities will establish a subsidiary in New York, the US to to expand its overseas business. The company announced on Tues...

MG Non-Life Insurance deal falls through with no bidders

MG Non-Life Insurance deal falls through with no bidders

The sale of South Korean mid-sized insurer MG Non-Life Insurance Co. has been canceled as the financially distressed insurer failed to attract any b...

Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI

Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI

South Korea's Kyobo Lifeplanet Life Insurance Co. announced on Friday that it signed a memorandum of understanding with Hong Kong-based insurer FWD ...

Kyobo Life nurtures 136 startups over 7 years

Kyobo Life nurtures 136 startups over 7 years

South Korea's Kyobo Life Insurance Group announced on Thursday that it nurtured 136 impact businesses (Impact-Ups) in seven years to create social v...

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori to buy Dajia’s insurers in Korea for up to $2.2 bn

Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...

K-Sure to support Korean firms' participation in Vietnam's gas project

K-Sure to support Korean firms' participation in Vietnam's gas project

Korea Trade Insurance Corp. (K-Sure) announced that it will leverage medium- and long-term financial support to assist domestic companies in partici...

Shinhan Financial units to reside under one roof in Vietnam

Shinhan Financial units to reside under one roof in Vietnam

Shinhan Financial Group Co. is upping the ante in the Vietnamese financial market to further widen the gap with rivals as the country’s leadin...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared