LG s smart TVs are equipped with its webOS platform. South Korea’s LG Electronics Inc. is entering the TV content platform market by offering its web-bas
Kwon Deok-cheol, Minister of Health and Welfare, speaks to the NPS fund management committee on Feb. 24. The National Pension Service (NPS) has reported a prov
Shinsegae Group Vice-Chairman Chung Yong-jin. The vice-chairman of South Korea’s retail giant Shinsegae Group, Chung Yong-jin, has a reputation of being
New corporate bond issuance in South Korea is on course to hit 9.2 trillion won ($8.3 billion) in February of this year, the highest amount issued for a singl
The Drew Las Vegas (Courtesy of JW Marriott)
South Korea’s 36 insurance companies have invested a combined 70 trillion won ($63 billion) in overseas alternative investments as of the end of September last year, of which they may need to write down 1.27 trillion won ($1.1 billion) worth of assets because of loan defaults or suspended projects, the country’s top financial regulator said.
The insurers, including Mirae Asset Life Insurance Co. and KB Insurance Co., have already booked 194.4 billion won in losses from their global alternatives portfolios, mostly stemming from real estate and aircraft funds, as of the end of last September, the regulatory Financial Supervisory Service (FSS) said on Feb. 23.