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Asset management Mirae Asset’s default option retirement funds top $700 mn in assets

Mirae Asset Global Investments Co. now manages over one-third of South Korea’s default-option retirement funds, with the assets it operates un...

Economy S.Korea’s default risk dips below pre-martial law levels

South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...

Banking & Finance Korean pension subscribers show ultra-low risk tolerance

South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...

Real estate IGIS fund defaults on loan linked to German office

A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...

Corporate bonds Korea's bad loan managers seek liquidity via bond sales

South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...

Real estate S.Korean lenders in New York luxury hotel likely to see losses

Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...

Economy Korea sales set to China to fall for 15th straight mth on property crisis

South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...

Perspectives US default drama is last thing South Korea needs

At a White House dinner last month, Yoon Suk Yeol turned heads singing Don McLean’s “American Pie.” It was a uniquely lighthearted m...

Artificial intelligence Samsung Galaxy may use Bing as default search engine, not Google

Samsung Electronics Co., the world’s second-largest smartphone maker, is considering switching the default search engine for its Galaxy mobile...

Future mobility Lotte mulls building transit hubs in retail stores for air taxis, drones

South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...

Private equity IMM, Lotte to inject another $76 mn in Hanssem at default risk

South Korea’s IMM Private Equity and Lotte Group are set to inject additional 100 billion won ($75.6 million) in Kosdaq-listed Hanssem Co., th...

Investment banking Korean brokerages' restructuring targets investment banking units

South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...

Corporate bonds BOK to ease Legoland developer default-led credit crunch

South Korea’s central bank joined rescue moves to improve liquidity in the local bond market and alleviate the fallout from a debt default by ...

ASK 2022 Korea Post's insurance arm uses buyout, senior debt as core strategies

Korea Post’s insurance bureau will maintain its core-satellite strategy in private equity and debt investments for both stable revenue streams...

Corporate bonds Korea's $35 bn plan yet to ease Legoland default woes

South Korea’s $35 billion rescue plan provided a temporary painkiller to the domestic bond markets rattled by Legoland Korea developer’s...

Real estate Korean warehouse project financing on brink of debt crisis

Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...

Banking & Finance Korean online banks’ disruptive business model: Woo low-credit borrowers

South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...