KDB calls for doubling limit on capital to fund industrial support program

The Korea Development Bank has urged policymakers to raise the legal cap on its capital stock to 60 trillion won to facilitate a 100 trillion won industrial support program.

2024-06-11

KDB proposes capital reduction to support Taeyoung's debt restructuring

The state-run Korea Development Bank (KDB) will likely conduct a massive capital reduction held by the builder's major shareholders to support the troubled builder's debt restructuring.

2024-04-16

Dongwon, Harim Group bid for HMM, reports say

Dongwon and Harim Group participated in a bid to acquire container shipper HMM, according to media reports on Thursday, paving the way for the deal that could fetch up to 7 trillion won ($5.4 billion).

2023-11-23

Hana Financial Group pulls out of KDB Life Insurance acquisition

Hana Financial Group has withdrawn its bid to acquire KDB Life Insurance, the group confirmed on Wednesday.

2023-10-18

Germany's Hapag-Lloyd fails to make HMM acquisition shortlist

Hapag-Lloyd, a German shipping company, has failed to make the shortlisted bidders for the acquisition of HMM, a decision reflecting concerns surrounding the sale of the country's largest shipping firm to a foreign entity.

2023-08-30

All Iranian funds in Korea unfrozen as part of prisoner deal

Iran's chief banker said on Saturday that all Iranian funds frozen in Korea had been unblocked and would be used for non-sanctioned goods, according to a report from Reuters.

2023-08-13

Sale progress begins for $3.9 billion-valued HMM

State-run Korea Development Bank (KDB) and the Korea Ocean Business Corporation (KOBC) have initiated the sale process for HMM, Korea's largest container shipper, after issuing a notice on Thursday.

2023-07-20

KDB betting on Korean Air-Asiana merger success

Korea Development Bank (KDB) does not have an alternative for Korean Air Lines’ acquisition of Asiana Airlines, even if the deal potentially doesn’t go through.

2023-06-20

HMM to be 'privatized' if market condition allow for it

The Ministry of Oceans and Fisheries said there is a plan to "privatize" HMM but timing will depend on market conditions.

2022-10-06

Hanwha chosen as preferred bidder for 49.3 percent of DSME

Hanwha Aerospace will be investing 1 trillion won ($698 million) for half of the 49.3 percent stake in the company. Hanwha Systems will be investing 500 billion won, Hanwha Impact Partners, a fund, 400 billion won and Hanwha Energy 100 billion won.

2022-09-26

korea joongAng daily