Most Popular
-
1
Now is no time to add pressure on businesses: top executives
-
2
CJ CheilJedang to spur overseas growth with new Hungary, US plants
-
3
Seoul to host winter festival from Dec. 13
-
4
Nationwide rail disruptions feared as union plans strike from Dec. 5
-
5
Blackpink's solo journeys: Complementary paths, not competition
-
6
N. Korea, Russia court softer image: From animal diplomacy to tourism
-
7
[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
-
8
Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
-
9
Actor Song Joong-ki welcomes second child in Rome
-
10
Korean Air offers special flights for mileage users
![[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050099_0.jpg&u=20241121172748)
[THE INVESTOR] Kiwoom Securities will acquire a Seoul-based savings lender TS Bank to expand its revenue sources, the Korean brokerage firm said on July 20.
Kiwoom plans to buy the entire stake -- 2 million shares -- in TS Bank for 88.5 billion won (US$77.52 million), according to the firm’s regulatory filing.
Currently, TS Bank runs two branches in Yeoksam and Yeouido, Seoul.
Kiwoom said the acquisition plan aims at “increasing revenue by entering the savings banking business.”
The deal is the latest move by Kiwoom to diversify its business portfolio in the financial sector.
In 2011, the securities company bought Samshin Mutual Saving Bank, now Kiwoom Savings Bank – with two branches in Gyeonggi Province -- for roughly 35.3 billion won.
The TS Bank deal is subject to approval by the country’s top financial regulator.
By Park Han-na (hnpark@heraldcorp.com)
Kiwoom plans to buy the entire stake -- 2 million shares -- in TS Bank for 88.5 billion won (US$77.52 million), according to the firm’s regulatory filing.
Currently, TS Bank runs two branches in Yeoksam and Yeouido, Seoul.
Kiwoom said the acquisition plan aims at “increasing revenue by entering the savings banking business.”
The deal is the latest move by Kiwoom to diversify its business portfolio in the financial sector.
In 2011, the securities company bought Samshin Mutual Saving Bank, now Kiwoom Savings Bank – with two branches in Gyeonggi Province -- for roughly 35.3 billion won.
The TS Bank deal is subject to approval by the country’s top financial regulator.
By Park Han-na (hnpark@heraldcorp.com)
-
Articles by Korea Herald
![[Today’s K-pop] Babymonster logs 100m views with ‘Drip’ music video](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/11/22/20241122050051_0.jpg&u=20241122172213)