Mirae Asset’s default option retirement funds top $700 mn in assets
Mirae Asset Global Investments Co. now manages over one-third of South Korea’s default-option retirement funds, with the assets it operates un...
S.Korea’s default risk dips below pre-martial law levels
South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...
Korean pension subscribers show ultra-low risk tolerance
South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...
IGIS fund defaults on loan linked to German office
A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...
Korea's bad loan managers seek liquidity via bond sales
South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...
S.Korean lenders in New York luxury hotel likely to see losses
Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...
Korea sales set to China to fall for 15th straight mth on property crisis
South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...
US default drama is last thing South Korea needs
At a White House dinner last month, Yoon Suk Yeol turned heads singing Don McLean’s “American Pie.” It was a uniquely lighthearted m...
Samsung Galaxy may use Bing as default search engine, not Google
Samsung Electronics Co., the world’s second-largest smartphone maker, is considering switching the default search engine for its Galaxy mobile...
Lotte mulls building transit hubs in retail stores for air taxis, drones
South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...
IMM, Lotte to inject another $76 mn in Hanssem at default risk
South Korea’s IMM Private Equity and Lotte Group are set to inject additional 100 billion won ($75.6 million) in Kosdaq-listed Hanssem Co., th...
Korean brokerages' restructuring targets investment banking units
South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...
BOK to ease Legoland developer default-led credit crunch
South Korea’s central bank joined rescue moves to improve liquidity in the local bond market and alleviate the fallout from a debt default by ...
Korea Post's insurance arm uses buyout, senior debt as core strategies
Korea Post’s insurance bureau will maintain its core-satellite strategy in private equity and debt investments for both stable revenue streams...
Korea's $35 bn plan yet to ease Legoland default woes
South Korea’s $35 billion rescue plan provided a temporary painkiller to the domestic bond markets rattled by Legoland Korea developer’s...
Korean warehouse project financing on brink of debt crisis
Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...
