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Reporter : Park Jae-hyuk
Thu, October 21, 2021 | 14:44
Fitch warns Korea about weakening export demand
Fitch Ratings viewed weakening demand for Korea's exports as a bigger risk to the country's sovereign rating than the snowballing household debt problem and surging housing prices, which are regarded by government officials as the biggest problems at this moment.
[ANALYSIS] New Capital Markets Act weighs on smaller PEFs
The enforcement of the revised Financial Investment Services and Capital Markets Act from Thursday this week has created a stir over the possibility of widening the gap between large and small private equity firms (PEFs) here.
Major law firms avoid defending FSS in lawsuit with Woori chief
The Financial Supervisory Service (FSS) has ultimately not hired attorneys from major law firms for the second round of its court battle with Woori Financial Group Chairman Son Tae-seung.
Shinhan outruns rivals in resuming investor roadshows abroad
Shinhan Financial Group Chairman Cho Yong-byoung will resume his overseas business trips next week, while the leaders of other financial holding companies here remain cautious about going abroad during the COVID-19 pandemic.
Cigna faces backlash for selling LINA to Chubb
Cigna is facing intensifying protest from LINA Korea's executives and employees for its recent decision to sell the life insurer to Chubb, which has Ace Insurance and Chubb Life Korea as its Korean operations.
KDB grilled over validity of selling DSME, Daewoo E&C, Asiana
Lawmakers peppered Korea Development Bank (KDB) Chairman Lee Dong-gull with questions about the validity of the state-run lender's ongoing attempts to dispose of financially vulnerable companies in key industries. During the National Assembly audit of the bank, Friday, Rep. Park Yong-jin of the ruling Democratic Party of Korea (DPK) suggested KDB consider alternatives to its ...
BNK, JB, DGB increase reliance on Naver, Kakao
Concerns are rising over the growing reliance of BNK, JB and DGB financial groups on Naver Financial, Kakao Pay and Toss, which could eventually lead the regional banks to become overly dependent on the online platforms.
Woori, KB support Afghan evacuees in Korea
Domestic commercial banks have begun to provide the 390 Afghan evacuees in Korea with a wide range of supports, so that they can adapt to the unfamiliar environment by having better access to banking, educational, mobile communication and medical services.
KKR betting more on Korea
KKR is increasing its investments in Korea after Korean American co-President Joseph Bae was promoted to be one of two co-CEOs, succeeding the world's leading private equity firm's (PEF) co-founders Henry Kravis and George Roberts.
BlackRock stays out of APG warning Korea about climate risks
BlackRock did not add its signature to a letter sent last week by APG Asset Management and 22 other members of Climate Action 100+ to Korea's Presidential Committee on Carbon Neutrality, warning the government and businesses about their “insufficient efforts” in the country's transition to net-zero emissions.
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