Search result for KB
S. KOREA’S 5 MAJOR BANKS REPORTS RISE IN MORTGAGE LOANS IN MARCH
Highlights –
- S. Korea’s 5 major banks reports rise in mortgage loans in March.
- The combined mortgage loans from the 5 banks were more than 3 trillion won range.
- The banks’ outstanding unsecured loans came to 135.4 trillion...
S. KOREA FSS REPORTS CREDIT CARD FIRMS COMBINED EARNINGS TO RISE 23.1%
Highlights –
- S. Korea FSS reports credit card firms combined earnings to rise 23.1%.
- The combined net profit of eight card issuers came to $1.8 billion in 2021.
- The increase was attributed to combination of earnings from card loans an...
S. KOREAN VIDEO STREAMING COMPANY WAVVE TO INVEST $882.7 BILLION IN CONTENT
Highlights –
- S. Korean video streaming company Wavve to invest $882.7 billion in content.
- Wavve will enter in a JV with SK Telecom, KBS, MBC, and SBS to produce original content.
- SK Telecom will invest in the JV by issuing 100 billion...
IBM JAPAN LTD. TO INSTALL THE COUNTRY’S FIRST LEADING-EDGE QUANTUM COMPUTER
Highlights –
- IBM Japan Ltd. to install the country’s first leading-edge quantum computer.
- The quantum computer will be in place in few months, and will be operation by end of year.
- The first machine will be a "gate-model qu...
SHINSEGAE GROUP ANNOUNCES ACQUISITION OF A PRO-BASEBALL CLUB OWNED BY SK GROUP
Highlights –
- Shinsegae Group announced acquisition of a pro-baseball club owned by SK Group.
- E-Mart Inc. will buy the SK Wyverns of the KBO from SK Telecom Co.
- E-Mart is expected to officially sign the main contract on Feb. 23 ...
RETAIL INVESTORS’ HEADLONG RUSH FOR SAMSUNG ELECTRONICS’ SURGING SHARES
- South Korean retail speculators last week infused over 1.2 trillion won ($1.1 billion) to buy Samsung Electronics shares that scaled the 70,000 won mark for the first time earlier this month, data showed Monday.
- During the five trading sessions, small domestic investors made aw...
BIDEN’S TRIUMPH IN PRESIDENTIAL ELECTIONS MAY SPELL TROUBLE FOR KOREAN BANKS IN US
- The triumph of Democratic candidate Joe Biden in the U.S. presidential election has brought a ray of hope for both the U.S. and the global community, but his attitude towards stricter financial regulations is apparently weighing on Korean banks doing business in the world's largest ma...
LENDERS KB KOOKMIN AND HANA WITNESS BOOMING PROFITS DESPITE PANDEMIC
- Though there were plenty of border restrictions placed during the COVID-19 pandemic, South Korea’s major lenders KB Kookmin and Hana registered buoyant sales figures overseas in the first-half of the year, attracted by their performance in Southeast Asia.
- Overall, the com...
SOUTH KOREA TO ALLOW LIMITED FANS AT SPORTS GAMES
HIGHLIGHTS
- South Korea is going allow limited number of fans to sports events.
- South Korea still needs to enforce social distancing as the menace of coronavirus is not over.
- Social distancing rules were relaxed in South Korea in early MAY 2...
SOUTH KOREAN GOVERNMENT CONSIDERING ALLOWING FANS INTO SPORTS GAMES
HIGHLIGHTS
- Sports fans and professional sports have urged government to allow fans into sports stadium to watch the sports events live.
- With the infection concerns lingering, so far, fans have not been allowed to watch the sports events in the stadium...
HANWHA EAGLES' ACE RETURNS TO KBO
HIGHLIGHTS
- Chad Bell of Hanwha Eagles is back in action after successfully recovering from strained left elbow.
- In phone interview, Bell talked about shortcomings and improved qualities as a professional baseball player.
Hanwha Eagle...
RISING STAR MAKES BASEBALL POPULAR AGAIN IN SOUTH KOREA
HIGHLIGHTS
- Baseball is regaining its lost popularity in South Korea.
- Once Choi Jeong of SK Wyverns had the worst batting average in his team SK Wyverns. But his rise has started.
- The track record of SK Wyverns is yet to improve and in terms...
JAPAN’S NORINCHUKIN BANK TO SUPPORT THAILAND’S AGRICULTURE INDUSTRY
Highlights:
- Partnership signed between Japanese and Thai bank to boost the latter’s agriculture sector
- Japan has previously established financial setups in Vietnam and the Philippines
The Thai bank Kasikornbank has pledged to s...
NH INVESTMENT, KB ASSET MANAGEMENT ACQUIRES BUILDING IN TEXAS
Highlights –
- South Korean securities firm acquire a building in Texas.
- Acquisition deal includes only the office and retail spaces
- $370 million invested in the building
South Korean securities firm NH Investment &...
PENGSOO CHARACTER ON KB KOOKMIN DEBIT CARDS
Highlights –
- New KB debit card featuring Pengsoo
- ‘Pengsoo,’ popular penguin character
According to a news report by The Korea Herald on Monday, credit card issuer KB KOOKMIN Card has rolled out a debit card featuri...
A rise of average 3.5 percent to be seen in the premiums of Korean car insurance this year
The car policies’ premiums of the South Korean insurers (non-life) to be raised by 3.5 percent, from this month onward. The rise in the premiums was decided to overcome the previous losses and avoid any further.
The industry sources announced on Monday that the four major non-life...
Australia now known as the leader in biotech.
The Australian biotech has been budding and growing at a rapid pace to such an extent that the nation is being called as the leader in bio technology. Technology is what Is driving this world and there will be great advances as we move in the future of innovations.
The integration of th...