Tag: korea

Yoojin Park is set to join the bank's global payments team on November 30 in Seoul, according to a memo seen by CT.

The financial affiliate of Hyundai Motor Group has become the first Korean credit-specialised firm to issue the instrument in both US dollars and renminbi; the issuance is structured as a green bond.

The Global Trade Payment Platform, through a partnership with Visa, will help Korean SMEs cut down the number of payment receivable days, when trading with Japan, Taiwan, Singapore, the US and Mexico.

The South Korean shipper is the latest to adopt digital LC in an effort to upgrade its trade processes and become more sustainable.

Demand for alternatives to traditional wire transfers is growing in Korea, where consumers and businesses increasingly expect solutions that enable low-cost, instant cross-border payments.

The pair have signed a MOU to help the South Korean property financier capture growth momentum across Southeast Asia.

GLN has partnered with Liquid Group to establish a cross-border QR network.

A wave of cyberattacks could emanate from Pyongyang, experts warn, as the sanctions-hit regime looks for ever more sophisticated ways of getting its hands on hard currency.

Overseas investors holding stakes of at least five per cent in the country’s listed companies face paying out up to 42% of the profit when they sell.

Companies in financial distress could find their debt restructured and even see their business palmed off to private equity firms if they continue to fail to meet bank obligations, according to Korea’s financial watchdog.

Multinationals will be able to avoid the risk of a challenge from tax authorities by sticking to a specified rate proposed by Korea's government.

The latest regulatory news, including updates from China, Singapore, Hong Kong and the United States.