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Mon, July 4, 2022 | 15:36

KB Kookmin Bank to co-lead JFK airport project financing

KB Kookmin Bank announced Wednesday that it will jointly lead a financing project for constructing the New Terminal One (NTO) at John F. Kennedy International Airport. The Seoul-based lender said it will be leading the project financing deal along with other global partners, including Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC) and ING Ba...

Anna J. Park | 2022-06-29 16:32

Meritz Asset CEO offers to quit amid controversy

Meritz Asset Management CEO John Lee has offered to step down following allegations that he violated the capital market law while managing the firm's peer-to-peer (P2P) private equity fund. Lee has led the asset management firm since 2014 and extended his term three times. His current term expires at the end of March next year, but he appears to have chosen to resign from the...

Lee Min-hyung | 2022-06-29 15:01

Int'l tribunal brings to close decade-long Korea-Lone Star dispute

An international tribunal declared an end to all proceedings in a multi-billion dollar suit U.S. private equity firm Lone Star filed against Korea's government 10 years ago over disputes surrounding its asset sell-off, according to the justice ministry Wednesday.

2022-06-29 15:01

[INTERVIEW] NH Investment & Securities accelerating growth in Hong Kong

HONG KONG - Korean financial firms are seeking to expand overseas operations as they face limits in the domestic market. But as relative latecomers and foreign entities, overseas expansion has proven a difficult task due to substantial barriers to entering overseas markets that are dominated by larger existing players. NH Investment & Securities, which has been in Hong Kong s...

Kim Bo-eun | 2022-06-29 14:30

ABL Life Insurance simplifies claims process for senior customers

Making insurance claims can be a complicated process, especially for those unfamiliar with digital technologies. ABL Life Insurance is making efforts to bring down this barrier, especially for elderly customers who have had problems making claims through the firm's mobile app. ABL Life Insurance launched its “digital hybrid insurance claim service” in April, which enables cus...

Yoon Ja-young2022-06-29 14:07

[INTERVIEW] 'Asia-Pacific region has potential to lead global decarbonization sector'

One of the most noticeable changes in the global business scene in recent years is that the so-called environmental, social and corporate governance (ESG) principles have evolved from a rhetoric put forth by mostly non-profit organizations into a core business strategic consideration by competitive companies around the world.

Anna J. Park | 2022-06-29 08:41

Hyundai Card opens first digital office

Hyundai Card opened its first digital office in Seoul to enhance employees' work efficiency by relieving the burden of commuting they face, the company said Tuesday. The office is located in the nation's densest business district near Gangnam Station in southern Seoul. Equipped with video-conferencing booths and a variety of spaces for working, meetings and rest, it serves as...

Lee Min-hyung | 2022-06-28 17:01

Toss Bank draws over 3.6 million customers

Since Toss Bank was launched last October as the country's third internet-only bank, it has succeeded in attracting 3.6 million customers in just nine months. More than 2.5 million customers have been added this year alone, and the number of customers has tripled during the past six months.

Anna J. Park | 2022-06-28 16:39

KB Kookmin Bank mulls further capital increase for Indonesian subsidiary

KB Kookmin Bank might need to inject additional capital into its Indonesian subsidiary, Bank KB Bukopin, as the Southeast Asian country's financial authority urged Seoul's Financial Supervisory Service (FSS) to cooperate on reducing Bank KB Bukopin's debts. According to the financial industry, Tuesday, the Indonesian financial authority has stressed the need to get rid of the...

Anna J. Park | 2022-06-28 16:10

NongHyup Bank expands Dokdo-themed metaverse platform

NongHyup Bank opened doors wider for its metaverse platform, “Dokdo-Verse,” turning it into an open beta service. “Dokdo-Verse” is a virtual space themed on the group of Korea's easternmost islets, Dokdo, where users can create their avatars and complete various missions, such as picking up litter or visiting a trekking trail. The bank jointly launched the test service with f...

Yoon Ja-young2022-06-28 13:56

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