Lee So-yeon

2 weeks ago | pulse.mk.co.kr | Lee So-yeon |Han Yubin

The Export-Import Bank of Korea (Exim Bank) announced on Wednesday that it has successfully issued global bonds worth 750 million euros ($855 million) targeting investors worldwide. According to Exim Bank, this marks the first successful global bond issuance since the new administration took office. The three-year bonds issued this time are classified as green bonds, which are intended to support eco-friendly projects.

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

South Korea’s NH Nonghyup Bank Co. plans to raise 400 billion won ($289 million) in capital through a rights offering, the first of its kind in three years. According to multiple sources from the financial circle on Thursday, the board of NH Nonghyup Bank has approved the capital increase plan. After obtaining a resolution at the shareholders’ meeting on Monday, the bank plans to proceed with the payment procedures for the capital increase in June.

1 month 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.

2 months 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.

2 months 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.