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KB Kookmin expands presence in Indonesia with acquisition of local lenderAug 26, 2020South Korea’s largest commercial lender KB Kookmin Bank said Wednesday it is now in the final stage of acquiring Indonesia-based Bank Bukopin. The Seoul-headquartered bank said its shareholders have... -
Finance groups pledge multitrillion won investment for 'New Deal' projectsAug 26, 2020South Korea’s major banking groups have recently outlined long-term plans for multitrillion won investments in “green” and “digital” projects -- the two key pillars of the “Korean New Deal.” Staying... -
Hedge fund sells off stake in local builder Taeyoung E&CAug 26, 2020South Korean hedge fund Must Asset Management is moving to divest its stake in domestic builder Taeyoung Engineering & Construction, a month after it declared an end to its shareholder engagement, ac... -
![[M&A Weekly] Toshiba, Carlyle manage to exit failing Korean equity investment](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/08/25/20200825000592_0.jpg)
[M&A Weekly] Toshiba, Carlyle manage to exit failing Korean equity investmentAug 25, 2020Foreign investors in two Korean companies -- Unison and Yakjin Trading -- managed to sell their stakes earlier this week, but only at significant losses, disclosures showed Tuesday. The sale price w... -
Korean investors join IFC-led financing package for infra projects in APAC during fiscal year 2020Aug 25, 2020Korean investors have partly invested in a $650 million financing package for two infrastructure projects in Asia-Pacific countries during its fiscal year from July 2019 to June 2020, International F... -
KB, Hana see overseas biz grow in H1 amid coronavirusAug 24, 2020Despite border restrictions placed during the COVID-19 pandemic, South Korea’s major lenders KB Kookmin and Hana posted robust net profit overseas in the first-half of the year, buoyed by their perfo... -
Buyout investors eye Korean waste management firmsAug 24, 2020Buyout investors at home and abroad are zeroing in on waste management companies in South Korea, as they hope to enjoy rising income over soaring demand for their services, according to market watche... -
Citibank strengthens contactless services amid prolonged pandemicAug 23, 2020Riding the rapid digital transformation trend in the financial sector triggered by the coronavirus pandemic, Citibank Korea said Sunday it will ramp up contactless wealth management services. The ba... -
Climbing loan delinquencies keep banks on edgeAug 23, 2020The delinquency rates for loans extended by South Korean banks have overall surged last month, sending lenders jitters as they apparently brace for side-effects of the government’s forbearance extens... -
![[Weekender] The golden dream: What it takes to be ‘rich’ in South Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/08/25/20200825000719_0.jpg)
[Weekender] The golden dream: What it takes to be ‘rich’ in South KoreaAug 22, 2020Rich South Koreans diversify investment portfolios, expand into global markets -
Shinhan inks W73b deal to buy Doosan‘s investment armAug 20, 2020Shinhan Financial Group signed a deal to acquire a controlling stake in Neoplux, Doosan’s investment arm, for 73 billion won ($61.4 million), a filing showed Thursday. The transaction between Shinha... -
State-backed W8.6tr fund adds to Korea‘s post-COVID growth capitalAug 20, 2020South Korea’s signature “Growth Support Fund,” a state-backed financing program for venture firms, raised a combined 8.6 trillion won ($7.2 billion) in commitments as of July, one of the fund backers... -
POBA to select 2 global partners for $350m overseas debt portfoliosAug 19, 2020The Public Officials Benefit Association said Wednesday it plans to select two global asset management houses as external partners to manage its overseas fixed income portfolios. Under the plan, the... -
Shinhan Alpha REIT to buy Twincity Namsan offices for W238.6bAug 19, 2020Shinhan Alpha REIT rolled out plans to buy 37,600 square meters of office space in Twincity Namsan in central Seoul for 238.6 billion won ($201.6 million) from KB Asset Management, a filing showed We... -
Banks may extend loan maturity amid COVID-19 resurgenceAug 18, 2020Mounting calls for loan repayment extension puts pressure on local lenders
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