Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Job creation lowest on record among under-30s
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Chinese firms line up for Korean insurer ING Life
[THE INVESTOR] The sale of South Korean insurance firm ING Life Korea, which may be worth up to 3 trillion won ($2.62 million), has drawn attention from Chinese buyers, sources said on June 20. Hong Kong-based private equity firm JD Capital, leading investment group Fosun and Taiping Life are in negotiations or conducting due diligence on the Korea’s fifth-largest insurance company by assets. Asian buyout firm MBK Partners plans to sell its stake in ING Life Korea by the end of this year by comm
July 20, 2016
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[EQUITIES] Robust domestic demand to elevate Kia’s global sales in Q2
[THE INVESTOR] LIG Investment and Securities said on July 20 that Kia Motors will restore profits in the second quarter as robust domestic demand is filling up its slowing overseas sales. The brokerage predicted the carmaker would post 13.3 trillion won (US$11 billion) in sales and 700 billion won in operating profit in the April-June period, up 7.2 percent and 7.4 percent, respectively. On its home turf, car sales increased 16.3 percent largely due to the hot-selling K7 sedan, coupled with tax
July 20, 2016
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Busan Bank raising $250m through CoCo bonds
[THE INVESTOR] Busan Bank, a subsidiary of BNK Financial Group, has sold contingent convertible bonds, or CoCos, worth US$250 million, the lender said on July 20. The 10-year additional tier 1 bond, which drew orders of almost US$2.4 billion, is priced with a coupon of 3.675 percent. “It is the lowest rate among US dollar-denominated CoCos ever issued in Asia since Basel III came into effect,” an official at Busan Bank said. The Basel III is a global regulatory framework on bank capital requirem
July 20, 2016
