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...
S.Korea plans $1.2 bn forex bond issue after presidential election
South Korea plans to issue up to $1.2 billion in foreign exchange stabilization bonds as early as June, in what would mark the new administration&rs...
Seoul to lift curbs on banks' investment in kimchi bonds
South Korea will lift restrictions on banks' purchase of domestically issued foreign currency bonds, dubbed “kimchi bonds," as part of policy ...
South Korea’s forex reserves dip to nearly 5-year low in February
South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap...
Korea seeks tighter control over digital coins, mulls mandatory disclosures
South Korea plans to tighten its controls over cryptocurrency trade in the country by mandating information disclosures for listed virtual assets an...
South Korea’s forex reserves drop to 5-year low in 2024
South Korea’s foreign exchange reserves shrank to a five-year low at the end of last year after the country’s foreign exchange authoriti...
South Korea expands foreign banks' access to forex market
An increasing number of foreign banks without a physical presence in South Korea are gearing up to offer dollar-won conversion services to non-Korea...
NPS initiates strategic currency hedging to unleash up to $48.2 billion
The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...
Catchtable to offer restaurant reservation service in Japan
Wad Corp., the developer and operator of South Korea’s most popular restaurant reservation app Catchtable, launched the beta service for off...
S.Korea's foreign reserves amount to $415.4 bn in Nov
South Korea's official foreign reserves at the end of November amounted to $415.4 billion.According to the Bank Of Korea (BOK) on Wednesday, the nat...
NPS incurs $500 million in missed gains due to improper forex hedging
The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has likely in...
Korean companies’ cash reserves swell to record high
Cash holdings at South Korean companies have soared to a record-high level, data showed on Monday. Companies are stepping up efforts to raise cash t...
Mirae Asset's retirement pension reserves rise by $2.9 bn in 2024
South Korea's Mirae Asset Securities Co. said on Tuesday that its defined contribution (DC) retirement pension and individual retirement pension (IR...
Sovereign wealth fund KIC shortlists three CEO candidates
South Korean sovereign wealth fund Korea Investment Corporation (KIC) has shortlisted three candidates as the next chief executive officer, who will...
Korea mulls tripling NPS' advance dollar funding limit
South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...
Korea’s Catchtable eyes offshore table reservation markets
Wad Corp., the developer and operator of South Korea’s most popular restaurant reservation app Catchtable, is considering offering Catchtable ...
Korean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...
South Korea, odd one out in new global gold rush
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...
South Korean central bank not to increase gold reserves
South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased...
South Korea to support urea purchases outside China, boost reserves
The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...
S.Korea’s forex reserves dwindle to lowest point in more than 3 years
South Korea’s foreign exchange reserves dropped in October for the third straight month to their lowest point since June 2020, as local author...
Woori Bank to add two new branches in India 2024
South Korea's Woori Bank plans to open two new branches in India in the first half of next year. The bank announced on Tuesday it has obtained ...
S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers
South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly p...
Korea’s fertility startups gain traction with advanced technologies
South Korea’s fertility startups are garnering attention from investors with innovative technologies such as self-testing of ovarian health, s...
Cruise ship from China to visit S.Korea's Jeju Island on Aug. 31
Reservations for cruise ships visiting South Korea's Jeju Island are flooding in amid China's resumption of all group tours to its neighboring cou...
HD Hyundai Infracore opens online excavator store
South Korea's HD Hyundai Infracore Co. announced on Thursday that it has opened the first "Develon Online Store," an excavator online mall in the co...
MyRealTrip launches restaurant reservation service in Japan
South Korea's travel app MyRealTrip announced that it partnered with the Japanese accommodation and restaurant reservation platform Ikyu, becoming t...
Catchtable raises $24 mn in Series D funding
South Korean startup WAD, the operator of a restaurant reservation service platform, has recently raised 30 billion won($24 million) in a Series D f...
Japanese travelers top list of reservations to visit Seoul during BTS Festa
Trip.com, a South Korean travel platform, announced on Wednesday that the most frequent overseas travelers to Seoul during the “BTS Festa&rdqu...
Samsung’s Galaxy Book3 series to take on Apple’s MacBook
In today’s connected world, the ultimate gadget consumers want brings together everything they need at any time, without hassle.Samsung Electr...
