Hana Asset launches ultra-low-fee Nasdaq 100 ETF
Hana Asset Management Co. will list the “1Q US Nasdaq 100 ETF” on Tuesday, an exchange-traded fund that tracks the Nasdaq 100 index with...
S.Korean military fund to make $73 mn commitment to real estate funds
The Military Mutual Aid Association (MMAA), a South Korean retirement fund, is stepping up efforts to diversify its investment portfolio with a 100 ...
Mirae Asset launches world’s 1st passive target-date ETF
Mirae Asset Global Investments Co. is set to introduce the world’s first passive target-date exchange-traded fund (ETF) this month to attract ...
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...
S.Korea’s food delivery apps relish fresh boom in demand
South Korea’s online food delivery market is poised to hit record-high transactions in 2024 as lower fees triggered by Coupang Eats’ fre...
Air Incheon obtains IATA membership
South Korea's cargo airline Air Incheon said on Friday that it received full membership from the International Air Transport Association (IATA) last...
Costco sells Celltrion's Yuflyma Low WAC in US
South Korea's Celltrion Inc. announced on Tuesday that its autoimmune disease treatment Yuflyma (Low WAC, active ingredient adalimumab) is now avail...
Toss Bank exceeds 10 mn customers
South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and...
Coupang to raise membership fees, 1st hike in over 2 years
Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as i...
KB Kookmin Card launches card for overseas payments
KB Kookmin Card, a credit card unit of KB Financial Group, announced on Monday that it launched the WE:SH Travel credit card that offers benefits sp...
Hyundai Dept. Store launches membership for foreigners
South Korea's Hyundai Department Store Group announced on Thursday that it launched H Point Global, a dedicated membership service for foreign cus...
Why spend more on an IPO? No invitation to foreign banks
South Korea’s Viva Republica Inc. has recently invited a handful of domestic brokerage companies to give presentations to revive its IPO plan....
Toss Bank launches commission-free foreign exchange services
South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a do...
LG Uplus, Toyota Motor Korea team up for EV chargning
South Korea's LG Uplus Corp. announced on Monday that it formed a partnership with Toyota Motor Korea to expand electric vehicle (EV) charger infr...
Netflix, S.Korea’s SK Broadband to settle longstanding legal dispute
Netflix Inc., the world’s top streaming service, and SK Broadband Co., South Korea’s No. 2 internet service provider, said on Monday tha...
S.Korea woos Chinese visitors via temporary e-visa fee exemption
South Korea has waived e-visa issuance fees through year's end for Chinese visitors on group tours.This is in response to the travel industry's re...
Poland kicks off approval process to import S.Korean reactors
Poland has started an approval process to build a nuclear power plant consisting of South Korean reactors, according to foreign media reports, despi...
Samsung Securities decides not to rejoin Korea’s top business lobby
Samsung Securities Co., in a surprise move, has decided not to rejoin South Korea’s top business lobby, the Federation of Korean Industries (F...
Korea’s Big Four conglomerates likely to regain FKI membership
South Korea’s four largest business conglomerates – Samsung, Hyundai Motor, SK and LG – will likely return as members of the count...
KB Financial logs record profit in Q2, above consensus estimates
South Korea’s second-largest financial institution KB Financial Group Inc. achieved record-high quarterly net profit in the April-June period ...
Hanjin teams up with global fandom company bemyfriends
South Korea's Hanjin Transportation on Wednesday said it signed an agreement on business cooperation in the US with the Seoul-based global fandom co...
S.Korea opens logistics center at Surabaya port, Indonesia
South Korea said it opened a logistics center at a port in Surabaya, Indonesia, to support exports to Southeast Asia’s top economy.The Ministr...
Korea's E-Mart shares tumble despite push for profitability
South Korea’s largest hypermarket chain E-Mart Inc., a unit of a local retail giant Shinsegae Group, suffered a drop in its share prices to a ...
Mirae Asset Securities joins Singapore Exchange's trading membership
South Korea's Mirae Asset Securities has made history as the first Korean financial investment firm to join the Singapore Exchange's (SGX) trading...
Korean activist fund mired in controversy over SM stock deals
A South Korean private equity firm leading shareholder activism against SM Entertainment Co. is mired in controversy as it has surfaced that it sold...
PwC’s S.Korean member to focus on SE Asia acquisition deals
Samil PricewaterhouseCoopers, the South Korean member firm of global accounting industry leader PwC, aims to focus on overseas acquisition deals of ...
Korea's Kakao Pay to buy 51% of US financial firm Siebert
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., announced on Thursday it has signed an a...
Korean Air, Asiana to increase award seats ahead of merger
Korean Air Lines Co. and Asiana Airlines Inc. are set to increase award seats while revising their membership terms and conditions to help customers...
Korean banks’ profits hamstrung by tighter rules, consumer behavior
South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are ...
VIP Asset’s new mutual fund to forgo operating fees if it posts losses
VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...
