Moda Moda, a bio cosmetics company, concluded a joint venture LOI with the Chinese China Grand Enterprises (CGE) group to enter into the Chinese market.

Daewoo Shipbuilding & Marine Engineering (DSME) signed a conditional investment agreement (MOU), including about capital increase, with Hanwha Group on 26th.

It was found that the Industrial Bank of Korea (IBK), which should be supporting small and medium-sized businesses (SMEs), has engaged in the largest number of restrictive sales activities among other banks.

Foreign exchange authorities (Bank of Korea and Ministry of Strategy and Finance) and the National Pension Service (NPS) agreed on performing FX swaps within 10 billion dollars (14,105 billion won) limits.

Domestic banks’ default rate on the Korean won loan in late July was reported to be 0.22%, up 0.02%p from the previous month.

Toss Bank, a Korean direct bank, is losing confidence from its customers as it repeatedly reduced various kinds of benefits which had given to clients.

Savings banks' net profit in Korea has decreased by KRW 160.1 billion during the first half of this year compared to the same period last year.

Overseas corporations of Industrial Bank of Korea (IBK) finally succeeded in turning into profit-making in the first half of this year.

Amorepacific began to accelerate the expansion of its global brand, Laneige, to Japanese market.

Hanwha Solutions is working with Samsung Electronics to resolve the European heating crisis.