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Reporter : Anna J. Park
Mon, December 6, 2021 | 17:45
Global credit rating agencies favorably assess major Korean banks
Global credit rating agencies continue to favorably assess major Korean banks amid expectations of market interest rate increases.
Woori's privatization momentum picks up steam on rising share price
Woori Financial Group's stock price is rising, reflecting investors' positive expectations over its favorable performance in the third quarter.
Sudden delisting of digital coins rattles investors
Major cryptocurrency exchanges in Korea have been focusing on delisting some of their digital coins following the government's recent announcement that the Financial Services Commission (FSC) will take charge of cryptocurrency-related policies and management. The move is seen as an attempt by the exchanges to distance themselves from risky virtual assets ahead of a mandatory ...
KOSPI hitting all-time high
A monitor at the dealing room of the headquarters of Hana Bank shows the benchmark KOSPI's closing level Wednesday. The KOSPI ended at 3,278.68 points, a 0.62 percent increase from the previous session, replacing its all-time high record for three consecutive days this week. The banking, transportation and healthcare sectors lead Wednesday's rally amid expectations of an econ...
Outback Steakhouse on track to find new owner
Owners of Outback Steakhouse Korea, the Korean unit of the U.S. restaurant chain, which again is up for sale, are reviewing final bids that have to be submitted by the end of the month.
Kakao's merger with Kakao Commerce stokes stock price
As Kakao is set to merge with its e-commerce subsidiary, Kakao Commerce, the big tech firm's stock price hit a record high on Monday.
Kakao VX set to attract W100 bil. in investments in 3rd round of capital increase
Kakao VX, a subsidiary of Kakao Games, is in the process of attracting around 100 billion won ($90 million) in investments, as negotiations continue with a few investors over calculating the corporate value of the affiliate.
BNK Bank turns down partnership with cryptocurrency exchanges
After months of consideration, BNK Busan Bank made the final decision not to form a partnership with local cryptocurrency exchanges, dealing a huge blow to crypto exchanges that had been anticipating the alliance to boost market confidence.
Shinhan Venture, Kolon Investment make early exit from Andar
Three years after investing in “athleisure” clothing brand Andar, Shinhan Venture Investment and Kolon Investment made an early exit last month by selling their redeemable convertible preference shares (RCPS) to KB Investment.
[PHOTOS] 2021 Korea Times Global ESG Forum
The 2021 Korea Times Global ESG Forum was held in the Grand Hall of the Korea Chamber of Commerce and Industry (KCCI) located in central Seoul from 9 a.m. to noon, Thursday. Korea Times photo by Shim Hyun-chul