The Bank of Korea is set to launch a CBDC pilot program, Hangang, to test the feasibility of central bank digital assets for real-time transactions.

NongHyup Bank has joined the Korea Small Business Bank Consortium to participate in the fourth internet-only bank competition. NongHyup Bank held a board meeting on the 7th and agreed to join the ...

The government is pressing state-run banks to pay more dividends than what they had originally planned in what is seen as a ...

Understanding that sustainable development includes improving the lives of the disadvantaged, banks now offer a host of ...

Flashlight Capital Partners Pte. Ltd. ("Flashlight Capital"), a shareholder of KT&G Corporation (KRX: 033780) ("KT&G"), ...

Currently, the National Pension Service (NPS) and the Industrial Bank of Korea (IBK) are KT&G’s major institutional shareholders. Flashlight Capital emphasized that these two government ...

Major financial groups are seeking to carry out large-scale reshuffles of outside directors at their respective shareholders’ meetings next month, as part of efforts to enhance internal regulatory ...

South Korea enjoyed record February auto exports on strong demand in the US ahead of the looming tariffs, government said on ...

Korea’s auto industry from the U.S. tariff could exceed 10 trillion won ($6.9 billion). IBK Industrial Bank of Korea’s economic expert, Jang Han-ik, said, “If a 25% tariff is imposed ...

Korea’s auto industry from the U.S. tariff could exceed 10 trillion won ($6.9 billion). IBK Industrial Bank of Korea’s economic expert, Jang Han-ik, said, “If a 25% tariff is imposed, U.S. car exports ...