KB Investment, a venture capital subsidiary of KB Financial Group, is promoting the establishment of a US$30 million joint fund with MDI Ventures, the No. 1 venture capital (VC) company in Indonesia, to invest in promising Southeast Asian startups.KB Investment is planning to establish the fund with

The dispute settlement committee of the Financial Supervisory Service (FSS) has told banks to compensate investors in their derivatives-linked fund (DLF) products for up to 80 percent of the losses. The reimbursement rate is the highest since the Dong Yang fiasco in 2014.The FSS said on Dec. 5 that

As Korean companies’ weight in the Morgan Stanley Capital International (MSCI) Emerging Markets (EM) Index has recently been reduced, Korea’s weight also fell from second to third in country rankings.Koran companies’ weight in the MSCI EM Index decreased from 12.19 percent at the end of October to 1

Shinhan Bank is entering the Cambodian simple payment market. The bank announced on Dec. 4 that it will launch e-wallet service jointly with Cambodia's mobility company MVL.Shinhan Bank has provided an electronic wallet solution to MVL, which will be used as the preferred payment method for TADA

Korea Development Bank (KDB) originally planned to complete the sale of KDB Life Insurance within this year. But the plan was put off to early next year as attractive companies such as Prudential Life were put up for sale.KDB has promoted the sale of KDB Life since early this year. It has recently d

The government-proposed amendments to the Enforcement Decrees of the Commercial Act and the Capital Markets Act will let the Korean government infringe upon the autonomy of business management with a lower law violating a higher law, panelists pointed out at a seminar organized by the Federation of

Woori Card has launched K-Check Card, a special product tailored to foreign customers residing in Korea, in commemoration of breaking the milestone of 5 million card users.Foreign residents in Korea are expected to reach 3 million in 2021. They are important customers with a fast growth rate and a h

Korea Securities Depository (KSD) announced on Dec. 2 that applications for participation in Ourcrowd Global Investment Summit 2020 can be submitted until Dec. 15. The summit is an investment attraction event for startups, venture capital firms, angel investors and leading corporations. This year’s

Samsung Securities announced on Dec. 2 that it has lowered its target price on Asiana Airlines to 3,800 won, although the groundwork for another leap has been laid by HDC Hyundai Development, who was chosen as the preferred bidder for the ailing airline.As HDC Hyundai Industrial Development has offe

The share price of Hanjin Kal Corp., the holding company of Hanjin Group, keeps rising on the back of strong buying by an unidentified corporate body.Hanjin Kal closed at 36,950 won on Dec. 2, up 3.07 percent (1,100 won) from the previous trading day. It was the highest level in six months after pos

Korea Trade Insurance Corp. (K-Sure) announced on Nov. 2 that it will provide Abu Dhabi National Oil Co. (ADNOC) in the United Arab Emirates (UAE) with US$3 billion in financing.K-Sure signed an MOU with ADNOC in Abu Dhabi. Under the agreement, K-Sure will provide up to US$3 billion in overseas busi

SK Group will set up an investment fund jointly with Hillhouse Capital, China's largest investment company, to invest in promising projects in China.SK China’s board recently approved a plan to establish a joint investment fund worth one trillion won with Hillhouse Capital. This is the second ti

Multiple foreign insurance companies are planning to leave the South Korean market with its slow growth and poor profitability predicted to continue.The Financial Supervisory Service announced on Dec. 1 that life insurance companies in South Korea posted a net profit of 3,057.3 billion won for the f

A positive outlook for Korean stocks is provided by major global securities companies. Despite foreigners’ recent record selling, major global securities firms said, "Next year's economy will rebound and company profits will increase.” At the end of last month, JP Morgan said the Korean stock ma

The number of overseas investment funds stood at 4,660 as of the end of last month, accounting for 30.3 percent of all funds selling in Korea, the Korea Financial Investment Association said on Nov. 28.This is the first time that the proportion of foreign investment funds exceeded 30 percent of the

BC Card announced on Nov. 26 that it has signed a partnership agreement with Discover Financial Services (DFS), an international payment network service provider in the United States. BC Card will be in charge of Korean purchases of Discover Global Network affiliate cards.“We will provide Korean pay

Due to a continued outflow of capital from private equity funds (PEFs), fund management companies are experiencing increasing financial difficulty.According to data released by the Financial Supervisory Service (FSS) on Nov. 26, the combined net profit of 275 asset management companies stood at 206.

The Korea Financial Investment Association announced on Nov. 24 that the balance of overseas investment funds increased from 174.87 trillion won on Nov. 1 to 177,42 trillion won on Nov. 21 with investors shunning the South Korean stock market particularly vulnerable to external uncertainties and foc

The World Federation of Exchanges (WFE) announced on Nov. 24 that Korea Exchange (KRX) recorded a market capitalization of US$1,369.2 billion at the end of last month, ranking 15th out of its 69 member exchanges. Previously, KRX came in 13th at the end of 2017 and 14th at the end of 2018.The South K

The Ministry of SMEs and Startups and the Korean Venture Capital Association announced on Nov. 24 that fresh venture capital investment for the first 10 months of this year added up to 3,524.9 billion won, up 21.7 percent from a year ago. The ministry said that an aggressive private investment and p