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News
South Korean Banks and Law Firms Race to Capture Inheritance Trust and Consulting Market Amid Surge in Family Disputes — BigGo Finance
6+ min ago (550+ words) As inheritance disputes surge, South Korea's financial and legal sectors are racing to roll out related services. The country's five major commercial banks have launched or are preparing to debut more than ten new trust products this year alone, including…...
South Korea's OECD Leading Indicator Tops Global Rankings for First Time in 6 Years and 3 Months, Though Growth Pace Slows for 5th Straight Month — BigGo Finance
6+ hour, 52+ min ago (305+ words) South Korea's CLI fell to 99.14 in January of last year before rebounding in February and breaking above the 100 threshold in November last year at 100.12. It has now risen for 19 consecutive months. The climb in rankings has been steep. As recently…...
Huaxia Bank Veterans Take Full Control of China's Huayin Fund as New GM Named — BigGo Finance
1+ hour, 25+ min ago (829+ words) Huayin Fund announced on September 12 that Liu Dan, formerly of Huaxia Bank, has been appointed general manager, ending a vacancy of more than four months. Liu brings extensive experience from China Construction Bank, CCB Financial Asset Investment, and Huaxia Bank,…...
South Korea's Deputy PM Nominee Lee Hyung-il Faces 'Non-Resident Single Home' Controversy — Comprehensive Real Estate Tax and Expansionary Fiscal Policy Battles Expected at Confirmation Hearing — BigGo Finance
8+ hour, 22+ min ago (210+ words) Regarding this, Lee expressed the view that "establishing a residence-centered housing market is a firm principle with clear direction." Under the original plan announced on the 3rd of last month, next year's calculated tax would have reached ₩15.365 million. However, as the…...
Seoul Mayor Oh Se-hoon: Seoul Home Prices Rise for Record 86 Straight Weeks — Calls for Full Policy Overhaul — BigGo Finance
8+ hour, 21+ min ago (959+ words) Seoul Mayor Oh Se-hoon on the 13th called for a full-scale review of the government's real estate policy, noting that Seoul apartment prices have risen for 86 consecutive weeks, breaking the all-time record. He pointed out that the cumulative increase in Seoul…...
Yunjin Partners' DSK Acquisition Falls Through Again — 15.7 Billion Won Deposit at Risk of Forfeiture — BigGo Finance
16+ hour, 22+ min ago (408+ words) Private equity firm Yunjin Partners' acquisition of KOSDAQ-listed DSK has been stalled for over a year. The 66.6 billion won balance payment scheduled for the 9th fell through once again, and this time no extension agreement was reached with the seller, putting…...
Samsung Electronics Opens Fall Semester Enrollment for Galaxy AI Experience Classes Targeting South Korean Elementary and Middle Schoolers — BigGo Finance
3+ hour, 21+ min ago (233+ words) Samsung Electronics (005930.KS) is recruiting classes for the fall semester of its AI experience education program, which uses Galaxy devices to teach upper elementary and middle school students in South Korea. Applications open on the 14th via Samsung.com. The program…...
South Korea's FSC Opens Q3 Innovative Financial Service Applications July 14–30 — BigGo Finance
10+ hour, 22+ min ago (437+ words) South Korea's Financial Services Commission (FSC) will accept regular applications for the third-quarter designation of Innovative Financial Services from July 14 through July 30 at 6 p.m. Companies seeking designation can submit their applications through the Financial Regulatory Sandbox website. Submitted applications will be…...
South Korea's National Tax Service to Calculate Optimal Comprehensive Real Estate Tax for Jointly Owned Single Homes — BigGo Finance
12+ hour, 52+ min ago (224+ words) NTS Commissioner Lim Kwang-hyun announced the launch of this service through his social media on the 13th. According to the NTS's internal analysis, approximately 5,700 taxpayers would benefit from applying for the special provision this year, while about 2,900 taxpayers would be better…...
South Korean Prosecutors Summon MBK Partners Chairman Kim Byung-ju Again Over Homeplus Fraud Allegations — BigGo Finance
9+ hour, 51+ min ago (645+ words) South Korean prosecutors have re-summoned MBK Partners Chairman Kim Byung-ju for questioning over alleged bond fraud at Homeplus. This marks the first investigation since the case was reassigned to the Anti-Corruption Investigation Division 2 following the rejection of an arrest warrant…...