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Thu, December 8, 2022 | 09:13

Mirae Asset Securities rated “A” by two ESG evaluations agencies

Mirae Asset Securities rated “A” by two ESG evaluations agencies

Mirae Asset Securities was rated “A” in environmental, social and corporate governance (ESG) management by two of the country's major ESG evaluation agencies. According to the securities company, it got an “A” rating for its ESG efforts this year from the Korea Institute of Corporate Governance and Sustainability and Sustinvest, both of which are leading ESG evaluation agenci...

2022-12-01 15:35

Korea Development Bank's reorganization draws flak

Korea Development Bank's reorganization draws flak

The Korea Development Bank (KDB) is drawing flak over what its union calls its “unilateral push” for it to relocate to the nation's southern port city of Busan. According to the state-run lender, the KDB carried out its 2023 organizational reshuffle by expanding its division located in Busan. Under the reshuffle, the Ocean Industry Finance unit has been enlarged into two subd...

2022-12-01 08:26

MBK Partners tapped as preferred bidder to acquire Medit

MBK Partners tapped as preferred bidder to acquire Medit

MBK Partners, one of the largest private equity firms in Asia, has a chance to acquire digital dental business Medit within this year, after being tapped recently as a preferred bidder, and will now enjoy exclusivity in the acquisition discussions with Medit's largest shareholder, Unison Capital. According to investment banking industry insiders, Wednesday, Citigroup Global M...

Anna J. Park | 2022-11-30 16:41

Apple Pay anticipated to launch in Korea in December

Apple Pay anticipated to launch in Korea in December

Despite earlier market expectations that Apple Pay would be launched in Korea from Nov. 30, it is estimated that the starting date of the payment service in the country will be delayed to sometime around December.

Anna J. Park | 2022-11-30 16:21

Hana's WAVEs program trains women for leadership

Hana's WAVEs program trains women for leadership

Thirty-six new female leaders have completed Hana Financial Group's woman leadership program, Hana WAVEs, the financial group said Tuesday. Program participants undergo a five-month career training course covering areas such as leadership, strategy and communication.

2022-11-29 16:55

Shinhan chooses 3 candidates for next chairman

Shinhan chooses 3 candidates for next chairman

Shinhan Financial Group said Tuesday that it has confirmed three potential candidates for its next chairman. The candidates are current Shinhan Financial Group Chairman Cho Yong-byoung, Shinhan Bank CEO Jin Ok-dong and Shinhan Card CEO Lim Young-jin.

Anna J. Park | 2022-11-29 16:39

Citibank Korea to arrange syndicated loan for Solus Advanced Materials' investment

Citibank Korea to arrange syndicated loan for Solus Advanced Materials' investment

Citibank Korea signed a syndicated loan agreement with Volta Energy Solution Canada (VES Canada), a local subsidiary of Solus Advanced Materials on Nov. 25, to support the company's copper foil business in North America.

2022-11-29 13:57

Foreign PEs covet Mom's Touch

Foreign PEs covet Mom's Touch

Various global private equity firms have joined the bidding war to acquire Mom's Touch, a Korea-headquartered chicken burger chain, due in part to their favorable positions created by the strong U.S. dollar. New potential buyers could emerge any time, as the sales process is currently being conducted on a rolling basis, meaning applications for acquisitions will be reviewed a...

Anna J. Park | 2022-11-28 16:31

KDB union pledges legal action against relocation

KDB union pledges legal action against relocation

The union of Korea Development Bank (KDB) has pledged to take legal measures against the state-run lender's move to relocate its headquarters to the nation's southeastern port city of Busan. According to the KDB union, Monday, the lender plans to carry out an organizational reshuffle by creating three new divisions in Busan where 100 employees and executives from the head off...

2022-11-28 16:12

Financial authorities examine Wemix delisting

Financial authorities examine Wemix delisting

Amid growing controversies, financial authorities have decided to closely look into the case of a scheduled delisting of Wemix, a key cryptocurrency project by game company Wemade, to see whether the coin exchanges' listing and delisting criteria need to be more transparent or improved.

Anna J. Park | 2022-11-27 16:10

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