Korea’s ruling party revives corporate law reform with stricter rules
South Korea’s ruling party is reviving its push for an amendment to the Commercial Act with tougher mandates aimed at protecting minority shar...
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish vie...
Citibank Korea’s H1 net profit more than doubles on-year
Global banking giants’ South Korean units saw their first-half earnings led by non-interest income and business expenditures. Citibank Korea&r...
S.Korea’s Woori Financial profit up on interest rate margins
Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...
Kookmin Bank launches foreign currency trading platform KB Star FX
South Korea's largest lender Kookmin Bank on Monday launched its new contactless platform for foreign exchange transactions dubbed KB Star FX.The on...
Disclosure obligations of venture capital accelerators to be strengthened
The Ministry of SMEs and Startups said on Monday that an amendment to the Venture Capital Investment Promotion Act, which will strengthen the disclo...
LX International wins conditional approval to acquire HanGlas
The Korean Fair Trade Commission said on Monday that it had conditionally approved LX International Corp.'s bid to acquire Hankuk Glass Industries (...
EV tax credits may prove detrimental to the US: EU official
The US decision to remove tax incentives for cars produced outside North America may violate World Trade Organization (WTO) provisions and could be ...
Kumho Asiana assures 30-year profits to Gate Gourmet in catering deal
Kumho Asiana Group’s management assured net profits for 30 years to Gate Gourmet when the South Korean conglomerate signed a deal for Asiana A...
Hyundai Motor reports Q3 loss on $2 bn provisioning
Hyundai Motor Co. turned to an operating loss in the third quarter, after it booked 2.1 trillion won ($1.9 billion) as one-off charges related to its ...
