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: Anna J. Park
Sun, December 4, 2022 | 10:31
Why did Heungkuk Life reverse position on call option?
In less than a week since Heungkuk Life Insurance decided to delay the exercise of a $500 million call option on its dollar-denominated perpetual bonds, sending a shockwave to Korean companies' dollar bonds market, the life insurer reversed its position in a move to calm and rectify souring investment sentiment in Korean companies' bonds markets.
| 2022-11-08 16:55
Asian countries predicted to suffer from aging population and slower growth: report
Major Asian countries will experience key demographic changes consisting of a shrinking and fast-aging population, while the proportion of their workforces and capital provision, as well as productivity in the global market are likely to decline further in the near future. This is according to the latest report by the Credit Suisse Research Institute (CSRI), titled “The globa...
| 2022-11-08 08:54
FSS chief downplays concerns over liquidity crisis
Financial Supervisory Service (FSS) Governor Lee Bok-hyun assuaged market anxieties and concerns over an increased possibility of Korea's corporate credit crunch, stressing that the temporary shortage of liquidity experienced in some sectors of the economy is not threatening the entire financial system's liquidity.
| 2022-11-07 16:42
Shinhan cooperates with Visa on data and global business
Shinhan Financial Group and Visa have decided to join hands to cooperate in the area of data utilization and global business.According to the financial giant Sunday, Shihan Financial and Visa agreed to form strategic partnership on data and global business, as the two groups' leaders - Shinhan Financial Group Cho Yong-byoung and Visa Chairman and CEO Alfred Kelly Jr. - met in...
| 2022-11-06 17:00
Falling exports further darken Korea's economic outlook
With a seven-month consecutive trade deficit logged this year, Korea's exports fell in October for the first time in two years, sending more warning signs to the Korean economy. The decline in the monthly export volume is attributed to various factors, ranging from the global economic slowdown, China's COVID-19 lockdowns, the decrease in the price of memory chips and supply c...
| 2022-11-06 16:59
COVID-19 exacerbates social, economic polarization in Korea
Kim Eun-ah (pseudonym), a 37-year-old executive director at one of the most successful startup companies in Korea, stays in Gangneung, Gangwon Province, on weekdays. Her company allowed her to work online, and she enjoys living in the city located right next to the East Sea. The so-called “workation,” a portmanteau of work and vacation, is becoming a more frequent trend in Ko...
| 2022-11-06 09:19
Challenges to corporate integrity heightened amid pandemic: report
While most corporate leaders and professionals agree that corporate integrity is becoming ever more important, they also say the pandemic has made it harder to conduct business with integrity.
| 2022-11-03 17:07
Heungkuk Life's uncalled bonds increase concerns in credit market
Concerns are growing over increased signs of credit strains in local credit markets, as Heungkuk Life Insurance decided to delay buying back $500 million of its dollar-denominated perpetual bonds. In a filing to the Singapore Exchange (SGX) earlier this week, the insurance company stated it had decided to postpone its call option exercise over its $500 million perpetual notes...
| 2022-11-03 16:22
Foreign PEFs dominate Korea's M&A market with strong dollar
With the U.S. dollar continuing strong this year, overseas private equity firms (PEFs) are snapping up Korean companies that are up for sale on the M&A market at a cheap price, while local private equity companies find themselves being pushed behind in price competitiveness. There have so far this year been seven major M&A deals worth over 500 billion won ($35.2 million), whi...
| 2022-11-02 16:28
FSS to conduct regular inspection on Mirae Asset Securities
The Financial Supervisory Service (FSS) will conduct a regular inspection on Mirae Asset Securities for the first time in four years. According to the financial industry Wednesday, the FSS recently sent an official document to the brokerage firm, asking for their cooperation. The inspection is slated to take place at the headquarters of the securities company in central Seoul...
| 2022-11-02 16:26
New soccer star Cho Gue-sung grabs headlines for more than just goals
Korean government hints at depriving non-citizens of right to vote
[PHOTOS] World Cup 2022 Korea vs Portugal
Is Korea overreacting to Tesla CEO's lip service?
[Korea Times Archive] Remembering World Cup 2002
Prime minister continues World Expo 2030 diplomacy in Africa
Seoul mayor charts path for 30% drop in greenhouse gas emissions by 2026
Samsung, SK, Hyundai increase organizations to respond to global uncertainties
Busan mayor meets Bulgarian president to muster support for Expo 2030
Hyundai E&C sells Hillstate apartments in Incheon
[PHOTOS] World Cup 2022 Korea vs Portugal
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