A restructuring wave is hitting major life insurance companies hard as seen by Kyobo Life Insurance initiating voluntary retirement on the heels of Samsung Life Insurance and Hanwha Life.However, small and medium-sized life insurance companies, on the back of their strong performance in the first qu

Samsung SDS announced on May 8 that the board of directors decided to go public on the stock exchange within the year.Experts are saying that the decision is aimed at consolidating Lee Jae-yong’s position in the group as a successor. Lee Jae-yong is vice chairman of Samsung Electronics and also a ma

Shinhan Bank, will make a foray into Poland’s financial market next month at the earliest, the first time for a local bank to enter that market. On a similar note, the bank is actively mulling over the possibility of acquiring a local Polish bank in a bid to expand its global presence.Shinhan Bank C

Financial data provider FnGuide reported on May 7 that 400 out of the 1,009 companies listed on the KOSDAQ have debts so excessive as to pose a potential threat to their future business. One of them was in the state of full capital impairment, and 53 have partial capital impairment as of the end of

Korean commercial banks are fighting a hard battle in asset management markets abroad. Those that have launched wealth management and private banking programs for foreign customers have already withdrawn their business, and the others are postponing their plans. Market penetration is also becoming m

The Organization for Economic Co-operation and Development (OECD) made an upward adjustment on Korea’s economic growth forecast to 4.0 percent, up 0.2 percentage points, while trimming down expected economic growth rates of global and American economies.According to the Ministry of Strategy and Fina

At least 92 percent of Korean companies exporting to Japan are taking a hit from the weak yen, while the others whose export destinations include regions other than Japan are subject to negative effects from the relatively cheaper prices of Japanese products such as ships and petroleum products.The