The Korea Herald

KB Financial Group benchmarks BoA-Merrill Lynch merger

Jun 23, 2016

[THE INVESTOR] KB Financial Group, Korea’s leading banking group, seeks to set up a universal banking system to provide a wide variety of financial services from insurance to investment services, the firm said on June 23.After acquiring Hyundai Securities in April, the operator of KB Kookmin Bank plans to diversify its business portfolio to depart from its role of offering traditional financial products such as deposits and installment savings. Wealth management business and commercial investmen
Government to inject W10.5tr into renewable energy

Jun 23, 2016

[THE INVESTOR] The government will invest 10.5 trillion won (US$9.1 billion) into renewable energy in collaboration with the private sector, the Ministry of Trade, Industry and Energy said on June 23. In a press release before a parliamentary briefing on the same day, the ministry said that it will focus on issues concerning electric vehicles, solar power, energy storage systems and other energy-related fields. The ministry said that it will roll out measures to improve conditions for electric v
FSC to draw up measures for shipbuilding, shipping-related firms

Jun 23, 2016

[THE INVESTOR] The Financial Services Commission will announce measures to support shipping- and shipbuilding-related industries in August. The top financial regulator said that vice chairman Jeong Eun-bo held a meeting with industry representatives in Busan on June 23, and the government is reviewing measures to support the concerned industries. “(The government) is reviewing diverse measures to relieve financial difficulties of the companies linked to the industries undergoing restructuring,”