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K B Financial Group has decided to take over the ING Life Insurance Co. of Korea, a wholly-owned subsidiary of ING Life Insurance in Korea, for 2.45 trillion won, down 100 billion won from the originally agreed price, but the group has yet to persuade outside directors who oppose the takeover callin…
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Hyundai Mobis recently held a ceremony for the declaration of the 3rd transparent umbrella sharing project to distribute the umbrellas to students attending a special class on science.The company has been carrying on with the campaign to give away transparent umbrellas to children for their safety f…
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Chairman Kim Bong-soo has been reappointed to serve his second term until Dec. 29, 2013 to head the Korea Exchange by Financial Services Commission on Oct. 26, the Korea Exchange said recently. FSC cited as reasons for his reappointment his reform of the management of the Korea Exchange, …
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“The Korean food export industry is shifting from the ‘push’paradigm to a ‘pull’strategy thanks to Korea’s rising national standing and a surging demand for Korean products,” Park Chong-seo, executive vice president for export promotion at Korea Agro-Fisheries & Food Trade Corporation (aT…
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Korea Investment Management, which slashed KINDEX’s expense ratios to the lowest levels in Korea this September, revealed its aim at leading the ETF market by the improving quality of existing products and launching overseas ETFs.“As observed globally, the Korean ETF market is projected to reach s…
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Korea Investment Management, which slashed KINDEX’s expense ratios to the lowest levels in Korea this September, revealed its aim at leading the ETF market by the improving quality of existing products and launching overseas ETFs.“As observed globally, the Korean ETF market is projected to reach s…
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As the largest index fund management company in Korea, Kyobo AXA Investment Managers armed itself with experience in index fund management and its strong client base as it prepared to make its presence felt in the ETF market.Kyobo AXA has so far listed two products, the Power K100 ETF and Power K200…
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Woori Asset Management plans to expand its exchange-traded fund (ETF) business environ to bond ETFs and overseas ETFs by making the most of its strengths, said Kim Ki-hyun, managing director of the Fixed Income Investment Division at Woori Asset Management.Giving an assessment of the Korean ETF mark…
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Mirae Asset Global Investments Co. ranks second in the Korean exchange traded fund (ETF) market in terms of net assets, which currently stand at roughly 2 trillion won, accounting for 15 percent of the market. The company boasts of diverse “TIGER ETF” product portfolios. In Korea, 15 asset ma…
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Exchanged-traded fund, or ETF, is considered one of the most innovative financial products in the 21st century because it enables the efficient investment achievable through low costs. Samsung Asset Management has emerged as the representative ETF provider in Korea since it introduced the first ETF,…
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Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively…
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Acting KPX President Kim Hong-keun. (Photos: KPX)The nation’s power demand soared to 96 GW at 6 p.m. on Aug. 25, renewing the highest-ever peak power demand one this summer, Korea Power Exchange (KPX) said. A sultry spell, which started earlier…
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Dignitaries, including President Kwon Myung-ho of Korea East-West Power Co. (EWP), Gyeongsangbuk-do Vice gov. Yang Kum-hee and Acting Yeongju Mayor Yoo Jeong-geun, participate in a deal on joint cooperation and investment in a 1.2 trillion won projec…
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President Kim Dong-cheol of Korea Electric Power Corp. (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) and MR (Maschinenfabrik Reinhausen) of Germany joined forces to explore new global markets by utilizing the former’s Substation Equipment Diagno…
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