South Korea’s Lee completes cabinet lineup with IT executive, lawmaker
South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...
IMM Credit closes $700 mn blind credit fund backed by NPS
IMM Credit & Solutions Inc. (ICS), the private credit unit of South Korea’s major investment firm IMM Holdings Inc., has raised nearly 1 t...
KIC bets on Asian real estate; eyes residential, data centers
The Korea Investment Corporation (KIC) is zeroing in on Asia’s real estate market by region, while targeting residential facilities and data c...
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...
Korean teachers' fund to commit $495 mn to 10 PE firms
The Korean Teachers’ Credit Union (KTCU), a retirement fund operator for South Korean teachers, has picked 10 local private equity firms to ru...
Korean LCCs boost travel demand to global tourist hubs
South Korean low-cost carriers (LCCs), including Air Premia Inc. and Air Busan Co., have been expanding into underserved smaller cities, but also dr...
MBK’s Lotte Card sale gains momentum amid Homeplus fallout
North Asia-focused private equity firm MBK Partners’ second attempt to exit Lotte Card Co., South Korea’s fifth-largest car issuer, is g...
RedotPay lands in Seoul with crypto cards
RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...
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...
Korean hotels bask in rising foreign visitors; travel agencies in trouble
Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from ...
S&P reaffirms South Korea’s AA credit rating with stable outlook
S&P Global Ratings has reaffirmed South Korea’s sovereign credit rating at AA with a stable outlook, citing the country’s resilient ...
OCI to build $265 mn solar cell plant in Texas, expects $80 mn tax credit
South Korean solar cell company OCI Holdings Co. said on Thursday it will build a solar cell manufacturing plant in Texas through its US subsidiary ...
Red flags raised even before Homeplus crisis: Sales fall, credit ratings cut
Even before South Korea’s second-largest hypermarket chain Homeplus Co. was put under court receivership due to its worsening financial woes, ...
NPS to buy stake in Australia’s Metrics to expand alternative investments
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has agreed to buy a stake in Australian asset mana...
Glenwood Credit stresses role as reliable financial partner: CEO Lee
Many companies, big and small, sell or buy affiliated units to raise funds or narrow their focus during economic downturns, and to fund expansion or...
Real estate debt outshines corporate credit: Savills IM
Private credit has been among the top picks for alternative investors over the past few years. During the period of high interest rates, corporate l...
Lotte Card Card to launch loans for affiliates in Vietnam
South Korea's Lotte Card said on Monday it will launch loans for affiliates in Vietnam.Lotte Finance Vietnam, the Vietnamese corporation of Lotte Ca...
S.Korean gov't to lift two-bottle limit on duty-free alcohol
South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the d...
South Korea’s sovereign credit rating stable: S&P, Moody's, Fitch
South Korea’s sovereign ratings remain stable despite the political turmoil caused by the short-lived martial law declaration of President Yoo...
Korea’s OCI, US partner CPS Energy sign 20-year energy storage deal
South Korean solar cell company OCI Holdings Co. said on Tuesday it has signed a deal with US power supplier CPS Energy to jointly build a 120-megaw...
Korea’s credit fundamentals remain firm amid political crisis: Fitch
South Korea’s credit rating remained unscathed by the political turmoil caused by the short-lived martial law declaration of President Yoon Su...
Korean stocks diverge: Winners, losers of Yoon’s martial law debacle
South Korean stocks showed clear divergences on Wednesday amid a mixed market outlook as President Yoon Suk Yeol’s martial law declaration, re...
MBK kicks off Lotte Card sale for about $1.4 bn in 2nd bid
Lotte Card Co. is expected to be up for grabs in the first half of next year amid a second sale attempt by its largest shareholder MBK Partners, a N...
KB Kookmin Card, UnionPay to cooperate on marketing
South Korea's KB Kookmin Card said on Tuesday it signed a memorandum of understanding (MOU) with China's UnionPay to cooperate on marketing. ...
S.Korean overseas card spending posts record $5.71 bn in Q3
With the increase in international travel during the summer, overseas card spending by South Korean residents reached a record high in the third qua...
Korea Inc. rushes to booming local corporate bond market
South Korean companies are rushing to raise money in the local corporate bond market, which is unusually buoyant at year's end amid expectations of ...
Korean duty-free shops post Q3 losses; no signs of recovery
The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...
Hyundai, Kia gets triple A credit rating from S.Korean agencies
Hyundai Motor Co. and Kia Corp. said on Monday they received AAA ratings, with Stable outlooks for both companies, from Korea Ratings Corp., Nice In...
S&P upgrades SK Innovation credit rating to BBB-
Global credit rating agency Standard & Poor's (S&P) announced on Friday that it upgraded SK Innovation Co.'s long-term credit rating from a ...
Lotte Card launches long-term rental car card in Vietnam
South Korea's Lotte Card Co. launched a long-term car rental exclusive card in Vietnam to expand its presence in the local market.Its Vietnamese s...
