Local commercial banks Kookmin Bank and Standard Chartered Bank are looking to issue covered bonds from April, when the issuance is scheduled to be allowed by law. Banking industry participants are paying great attention to their covered bonds, but the key lies in the coupon rate. The issuance is ex

The CEOs of KB Kookmin Card Co., Nonghyup Bank’s card division, and Lotte Card Co. bowed in unison at a news conference broadcast on YTN cable news network to apologize for the largest breach of privacy in the nation’s banking history on January 20. The companies also issued statements of apology on

British online polling firm YouGov announced on January 17 that Samsung joined the ranks of the top 10 in twelve out of the fifteen countries where its BrandIndex survey was carried out last year. Specifically, Samsung topped the list in Saudi Arabia, ranked second in China, Germany, and France, and

An increasing number of Korean companies, including subsidiaries of major corporations and major business units, are falling into the hands of foreign capital. According to industry sources, more and more companies in the key sectors of shipbuilding, petrochemicals, elevator manufacturing, and petro

The acquisition of Tongyang Securities kicked into high gear on January 16, but observers predict a rocky road ahead owing to uncertainties. Some raised concerns about the sales deal on account of KB Financial Group’s failure of the much-anticipated takeover of Tongyang’s financial arm, and their ma

Korea’s trade surplus in the materials and components industry amounted to close to US$100 billion last year, setting a new record. Exports to the United States, China, and Japan increased substantially, while the dependence on industrial materials and components imported from Japan declined for thr

According to the Korea Capital Market Institute (KCMI), a large-scale structural change is expected to be made in the local financial and investment industry this year amid M&As by major securities companies, the introduction of the Fund Supermarket, and the reorganization of the private equity fund