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Thursday, March 23, 2017

Money

The Korea’s financial authorities have decided to reduce the allowances for bad debts of banks which plan to convert the debt of Daewoo Shipbuilding & Marine Engineering (DSME) into equity.
Supports for DSME
23 March 2017 - 11:45am
The financial authorities have decided to reduce the allowances for bad debts of banks which plan to convert the debt of Daewoo Shipbuilding & Marine Engineering (DSME) into equity. It will not...
LS Automotive handed in a preliminary examination request to the Korean Exchange to be listed on the stock market on March 20.
Funding Through IPO
22 March 2017 - 11:00am
LS Automotive, the automotive parts arm of LS Group, announced on March 20 that the company handed in a preliminary examination request to the Korean Exchange to be listed on the stock market. LS...
South Korean companies’ best ever results have not been fully reflected in their stock prices.
Stock Values
22 March 2017 - 10:15am
According to the Korea Exchange, the South Korean stock market posted a PER of 9.84 on March 17, much lower than 18.63 of the United States, 20.73 of India, 16.31 of Hong Kong, 16.10 of Australia, 16...
Financial Services Commission Chairman Lim Jong-ryong answered to lawmakers’ questions concerning assistance for Daewoo Shipbuilding & Marine Engineering at a meeting of the National Policy Committee of the National Assembly of South Korea on March 21.
More Gain Than Loss
22 March 2017 - 10:00am
Financial Services Commission Chairman Lim Jong-ryong said on March 21 that the South Korean government is working on debt-equity swap, bond maturity extension and the like for Daewoo Shipbuilding...
Shinhan Card is recruiting member stores to run payment devices using the beacon for vehicles developed by OWiN.
Payment on Vehicle
21 March 2017 - 1:00pm
According to industry sources, Shinhan Card recently signed a business agreement with LG U+, GS Caltex and OWiN to provide a payment service based on smart vehicles. The purpose of the partnership is...
KRX CEO Jeong Chan-woo (left) visited the Taiwan Stock Exchange on March 20 and met with its chairman Shih Jun-ji to discuss joint stock index development.
Joint Stock Indices
21 March 2017 - 11:30am
The Korea Exchange (KRX) announced on March 20 that it would develop IT sector and high-dividend indices together with the Taiwan Stock Exchange (TWSE) and release the indices in the third quarter of...
An increasing number of South Korean insurance firms are showing their interest in the healthcare sector amid the rapid aging of the population.
Innovation in Insurance
21 March 2017 - 11:30am
NongHyup Life Insurance recently signed a memorandum of understanding (MOU) with KT to develop new insurance products and healthcare services by making use of big data and the Internet of Things (IoT...
The IPO within this year of Celltrion Healthcare, which produce bio similar Remsima, has become uncertain.
Critical Deficiency
20 March 2017 - 12:15pm
Celltrion Healthcare’s IPO on KOSDAQ within this year has become uncertain as doubt has been cast on the company’s past performance and future prospects since the initiation of a detailed examination...
Lee Kwang-gu (5th from the left), CEO of Woori Bank is posing for a photo shoot with VIPs including Amando M. Tetangco, Jr. with the President of the Philippine Central Bank (4th from the left) in a ceremony in honor of its investment in Wealth Developmen
Baking Joint Ventre
17 March 2017 - 1:15pm
Woori Bank announced on March 16 that it held a ceremony in honor of its investment in Wealth Development Bank in Manila, Philippines on March 15. Wealth Development Bank was reborn as a joint...
Jeong Eun-bo, vice chairman of Financial Services Commission of South Korea is discussing ways to control the household debts with officials from the related ministries on March 16.
Risk Control
17 March 2017 - 11:30am
The Financial Services Commission of South Korea held a meeting in Seoul on March 16 and discussed how to better control household debts after the interest rate hike by the FOMC. The South Korean...
KB Microfinance Myanmar.
Microfinance in Myanmar
16 March 2017 - 12:15pm
KB Kookmin Bank announced on March 8 that the bank acquired the final approval of the establishment of KB Micro Finance Myanmar (KB Myanmar) from local financial authorities and will start the...
From left, COO & Managing Director ChoWan-youn,  ETF CEO  Rhee Jung-ho  and  ETF team head David Quah at Mirae Asset Global Investments are  celebrating the listing of four leveraged and inverse ETFs on the Hong Kong Stock Exchange.
Tracking HK Stock Exchange
15 March 2017 - 1:45pm
Mirae Asset Global Investments announced on March 14 that it listed four leveraged and inverse exchange traded funds (ETFs), which track the Hang Seng Index (HSI) and Hang Seng China Enterprises...

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