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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Companies

Thu, February 9, 2023 | 05:38

MBK Partners founder makes Forbes top philanthropists list for 2nd time

MBK Partners founder makes Forbes top philanthropists list for 2nd time

MBK Partners co-founder and CEO Michael Byungju Kim has made the list of Forbes top philanthropists in Asia for two consecutive years. Forbes announced earlier this week that a total of 15 business people have made the list of “Asia's 2022 Heroes of Philanthropy”, with nine being chosen for the first time.

Anna J. Park | 2022-12-08 16:01

Macquarie joins bid to acquire LOCA Mobility

Macquarie joins bid to acquire LOCA Mobility

Macquarie Asset Management was revealed to have been among the few potential buyers that participated in the main bid to acquire LOCA Mobility, a subsidiary of Lotte Card. LOCA Mobility operates various traffic solution services, including pre-paid cards, city bus management systems (BMS) and bus information systems (BIS).

Anna J. Park | 2022-12-07 16:22

Daol Investment put up for sale

Daol Investment put up for sale

Korea's first-generation venture capital firm Daol Investment, formerly known as KTB Network, has been put up in the M&A market, as its parent company aims to secure liquidity amid market uncertainties.

Anna J. Park | 2022-12-07 16:12

Yoon's ex-election camp aide emerges as candidate to lead NongHyup Financial

Yoon's ex-election camp aide emerges as candidate to lead NongHyup Financial

Lee Suk-joon, former chief of the Office for Government Policy Coordination, is being considered as a potential candidate to lead NongHyup Banking Group, according to sources familiar with the matter, Tuesday. If realized, Lee will replace incumbent NongHyup Financial Group Chairman and CEO Son Byung-hwan, who was thought to be going for his second term after taking office in...

Yi Whan-woo | 2022-12-06 16:39

Korea Investment expected to take over KakaoBank stake

Korea Investment expected to take over KakaoBank stake

Korea Investment & Securities is expected to take over a significant stake in KakaoBank, currently held by its parent company as well as its affiliate. If that happens, the brokerage firm could become the country's top brokerage company with the most capital.

Anna J. Park | 2022-12-06 16:33

Banks mull over private offering of bonds in fresh attempt to raise capital

Banks mull over private offering of bonds in fresh attempt to raise capital

Banks are considering issuing bonds that will be privately offered to other lenders, in a fresh attempt to raise money, as the financial authorities are pressing them to refrain from issuing bonds that are publicly put up for sale on the market, according to multiple lenders, Monday.The private offering of bonds has never taken place in the banking industry before, while the ...

Yi Whan-woo | 2022-12-05 16:46

FSS urges Shinhan Bank to bolster anti-money laundering system

FSS urges Shinhan Bank to bolster anti-money laundering system

The Financial Supervisory Service (FSS) has asked Shinhan Bank to improve its anti-money laundering (AML) management system, particularly in the areas of digital asset businesses and overseas branches.

Anna J. Park | 2022-12-05 16:40

JB Financial Group awarded as outstanding ESG company

JB Financial Group awarded as outstanding ESG company

JB Financial Group has been awarded as an outstanding company for its environmental, social and governance (ESG) criteria by the Korea Institute of Corporate Governance and Sustainability (KCGS), as the financial group received a comprehensive A rating from the corporate assessment agency.

Anna J. Park | 2022-12-05 16:32

Hana Financial promotes mental health with Dr. Oh Eun-young

Hana Financial promotes mental health with Dr. Oh Eun-young

Hana Financial Group announced Sunday that it hosted a presentation with renowned psychiatrist Dr. Oh Eun-young late last week to provide practical advice for the group's employees to address mental health issues both at work and at home. About 500 workers attended the event held on Friday at Hana Global Campus, the financial group's employee training facility located in Inch...

Anna J. Park | 2022-12-04 16:54

Eximbank, Statistics Korea sign MOU for cooperation in ODA

Eximbank, Statistics Korea sign MOU for cooperation in ODA

The Economic Development Cooperation Fund (EDCF), managed by the Export-Import Bank of Korea (Eximbank), signed an MOU with Statistics Korea to cooperate in international development projects and spread Korea's statistics system.

2022-12-04 11:20

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