The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
Tags: South Korea
Chinese-owned securities in South Korea jumps 42-fold
According to data by the Financial Supervisory Service, Chinese investments in South Korea's local securities increased 42 times since late 2008.
South Korea expresses concern about US veto on Apple ban
South Korea expressed its concerns regarding the Obama administration’s decision to overrule a sales ban of Apple’s iPhone 4 and iPad 2.
Korea's Lotte Department Store considers Singapore for US$1 billion IPO
Lotte Department Store was considering an IPO in Singapore worth US$1 billion. Lotte Department Store was planning of have an initial public offering in Singapore.
SK to review bids for US$7.31 billion fighter jet contract
South Korea will decide next week whether to proceed with the auction for the supplying of 60 next generation fighter jets worth US$7.31 billion.
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South Korea issued a bond-market aid package. South Korea announced that it would issue a bond-market aid package to increase liquidity in the market. This package was called primary-collateralized bond obligations, according to an emailed statement from the Financial Services Commission (FSC).
Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.
South Korea is temporarily suspending $7.3 billion fighter jet bidding South Korea announced that they are temporarily suspending the US$7. 3 fighter jet bidding initiated by the South Korea's Defense Acquisition Program Administration (DAPA).
Gunnebo Security Group announced acquisition of all shares in ATG Entrance Corporation, the company’s turnstile distributor in South Korea for 10 years.
HSBC Holdings Ltd would exits its retail banking and wealth management business in Korea to focus more on the profitable enterprises.
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
Foreign investors purchased a large volume of domestic South Korean bonds equalling net stock sales to foreign buyers overall.
Hyundai Rotem IPO is now official. KOSPI gives the go signal for Hyundai Rotem Co's IPO. This forecasts high gains for its majority holders Hyundai Motor and Morgan Stanley.
With restrictions on shelved produce, days of operation and zoning regulations, many big box retailers such as Tesco are being squeezed in the South Korean market.
