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Reporter : Anna J. Park
Wed, October 20, 2021 | 18:37
Will unprecedented re-bid for Daewoo E&C have a happy ending?
Will Daewoo E&C be able to find a new owner this time? The builder has been looking for a new buyer since Hoban Construction backed out after being chosen as a preferred bidder in 2018, dashing hopes of the main creditor Korea Development Bank (KDB) to recoup its loans.
KDB's HMM stock conversion to have limited impact
After Korea Development Bank (KDB) converted its HMM convertible bonds into stocks at the end of last month, market watchers are closely following the state-run bank's moves regarding the global shipping company's sizable shareholding.
[ANALYSIS] Banks to give out higher shareholder dividends
After the U.S. Fed signaled it would loosen its control over banks' dividend payouts if they pass “stress tests,” gauging how they will fare in worst case scenarios, five out of six major U.S. institutions are set to pay an additional $2 billion in the next quarter, along with a sizable buyback of their own shares later on in the year to return more money to investors. The U....
JB Financial Group declares ESG mission statement
JB Financial Group released a “mission statement” Wednesday pledging its commitment to environmental, social and corporate governance goals as part of the group's mid- to long-term strategic vision.
M&A market logs record-high transactions in H1
The M&A market during the first half of this year logged a record-high level, in both the number of deals as well as the volume of fiscal transactions.
Deloitte Consulting Korea appoints new chief
Deloitte Consulting Korea announced Monday that the firm has newly appointed Hong Jin-seok, a long-time partner, as the new head of its operations in Korea.
Millie's Library plans to go public
“Millie's Library,” an e-book subscription platform business based in Korea, aims to go public next year. The company recently signed an underwriting deal with Mirae Asset Securities.
K bank to grant stock option for every employee
K bank is aiming to grant a stock option to every employee of the company, an unprecedented move among local banks in Korea.
KOSPI hits new record high powered by overnight rally of Nasdaq
The benchmark KOSPI closed at a new record high after just six trading sessions Thursday, up 0.3 percent to finish at 3,286.10 points, as investor sentiment was lifted by the Nasdaq which also finished at a record-high, Wednesday (local time).
Is Kakao Pay revving up to launch online insurer?
After the Financial Services Commission (FSC) granted preliminary approval for Kakao Pay's digital insurance business earlier this month, noting that the company met all the necessary requirements to operate the business here, market watchers are closely monitoring the company's moves to get Kakao Insurance, its online non-life insurance affiliate, off the ground.
LG Pra.L