Korean banks’ offshore expansion drive gathers pace

Korea’s leading commercial lenders are increasing their overseas staffing alongside their assets and revenue sources,...

How much is acceptable as cash gift for weddings?

It is wedding season in Korea as spring rolls into summer. Here it is customary...

DGB Daegu Bank becomes commercial bank

DGB Daegu Bank is embarking on a new chapter as a commercial bank, 56 years...

ICT exports jump nearly 34 pct in April

SEOUL, May 15 – South Korea’s exports of information and communication technology (ICT) products soared...

Retail investors sell net 2 tln won worth of local stocks this month

SEOUL, May 15 – Retail investors sold a net 2 trillion won (US$1.46 billion) worth...

Delinquency ratio on bank loans falls in March

SEOUL, May 15 – The delinquency ratio on loans extended by banks in South Korea...

HD Korea Shipbuilding to establish production base in Philippines

SEOUL, May 15 – HD Korea Shipbuilding & Offshore Engineering Co. said Wednesday it plans...

HD Hyundai Electric gets MSCI nod Kakao Pay misses out

Energy solution provider HD Hyundai Electric will be added to the Morgan Stanley Capital International...

Coupang’s Kim Bom escapes chaebol chief designation again

South Korean e-commerce giant Coupang’s founder and CEO Kim Bom was excluded from the list...

Banks expand corporate lending as household loan rules grow stricter

Major commercial banks have been bolstering their loan businesses focused on corporate clients, in response...