Lee So-yeon

3 days ago | pulse.mk.co.kr | Lee So-yeon |Han Yubin

South Korea’s Lotte Non-Life Insurance Co. said Monday it has decided to delay the redemption of 90 billion won ($63 million) in subordinated bonds after failing to win approval from the country’s financial watchdog.

3 weeks ago | pulse.mk.co.kr | Han Sang-heon |Lee So-yeon |Han Yubin

South Korea’s Kyobo Life Insurance Co. is expected to hold a board meeting next week and approve the acquisition of SBI Savings Bank Inc. from Japan’s SBI Group, according to sources on Thursday. The move comes as it seeks to expand its business scope in preparation for a transition into a financial company. The acquisition will proceed following a major shareholder eligibility review by the Financial Services Commission, which typically takes around two months to complete.

1 month ago | pulse.mk.co.kr | Lee So-yeon |Han Yubin

Nearly 8 out of 10 major financial institutions in South Korea have joined a pilot program run by the government to implement a new control framework for executive accountability. According to the Financial Services Commission and the Financial Supervisory Service on Sunday, 53 out of 67 companies required to submit their accountability structure by July have opted into the pilot program.