Finance

Nexflex to be taken over by Busan EP; MBK to retain 17% stakeGovernance

Equity valued at about 900 billion won for 100% stake, about 1.7 times the 2023 acquisition price

Control of Nexflex, South Korea's largest flexible copper clad laminate (FCCL) maker, is set to pass to private equity firm Busan Equity Partners (Busan EP). The company is valued at about 900 billion won on a 100% stake basis. Existing largest shareholder MBK Partners will reacquire a 17% stake and remain as a shareholder.

By Kim Seong-hyeon

Nov 13, 2026, 17:17 KST

KB Capital's business system hacked, exposing personal data of 1,811 peopleRisk

A business system KB Capital uses to manage its vehicle rental assets has come under a hacking attack. The attack leaked the personal information of 1,811 people. Most are employees and staff of partner companies, but 20 ordinary customers are also included.

By Kim Seong-hyeon

Nov 13, 2026, 16:14 KST

Mirae Asset Life Insurance posts 33.9 billion won net loss in Q3 on actuarial assumption changesSignal

Mirae Asset Life Insurance posted a net loss of 33.9 billion won in the third quarter of this year, swinging to a quarterly loss. The company cited one-off factors stemming from the application of actuarial assumption guidelines and heightened financial market volatility.

By Kim Seong-hyeon

Nov 13, 2026, 12:04 KST

Hana Financial changes 'age limit' a day before unveiling candidate pool: what is the problem?Governance

Hana Financial Group revised its age-limit clause in a way favorable to the incumbent chairman one day before unveiling its pool of candidates for the next chairman. The episode has revived a governance issue: outside directors fail to act as a check in the selection of financial holding company chairmen. Of 6,100 board votes at financial holding companies, outside directors cast a dissenting vote only once.

By Kim Seong-hyeon

Nov 13, 2026, 08:42 KST

Mirae Asset Securities swings to Q3 loss…cancels 1.4 trillion won of treasury sharesSignal

Mirae Asset Securities (006800) posted a net loss of 405.6 billion won on a consolidated basis in the third quarter of this year. It was profitable in both the previous quarter and the same quarter a year earlier. Valuation losses on investment assets such as SpaceX were reflected in earnings. The company also unveiled a new shareholder return policy the same day that will cancel 65 million common treasury shares.

By Kim Seong-hyeon

Nov 12, 2026, 11:40 KST

Finance

Nexflex to be taken over by Busan EP; MBK to retain 17% stakeGovernance

KB Capital's business system hacked, exposing personal data of 1,811 peopleRisk

Mirae Asset Life Insurance posts 33.9 billion won net loss in Q3 on actuarial assumption changesSignal

Hana Financial changes 'age limit' a day before unveiling candidate pool: what is the problem?Governance

Mirae Asset Securities swings to Q3 loss…cancels 1.4 trillion won of treasury sharesSignal

Nexflex to be taken over by Busan EP; MBK to retain 17% stake

Six candidates shortlisted for Korea Federation of Banks chair: holding company heads vs. bank CEOs, who has the edge?

KB Capital's business system hacked, exposing personal data of 1,811 people

Mirae Asset Life Insurance posts 33.9 billion won net loss in Q3 on actuarial assumption changes

Hana Financial changes 'age limit' a day before unveiling candidate pool: what is the problem?

Crypto exchanges to block deposits and withdrawals on mere signs of hacking

AI profitability worries: foreign equity funds see $19.3 billion net outflow

Mirae Asset Securities swings to Q3 loss…cancels 1.4 trillion won of treasury shares

Financial holding chairmen seeking two extensions need 75% shareholder approval

Meritz Financial Q3 net profit falls 26.6% to 490.5 billion won

Treasury bond bid-rigging fines of 1.6 trillion won; brokerages and banks prepare for legal fight

Bank household loans top 1,200 trillion won for first time, driven by group loans

15 firms in Treasury bond bid-rigging fined 1.6 trillion won, a record

Brokerages' paid stock information services face stricter fee disclosure duties

Korea Financial Security Institute hacked... some financial firms’ security assessment data leaked

Binance hit by $6.34 billion in North Korea-linked hack

K-Livelihood Protection Loan to cover 160,000 people earning over 100 million won a year

Bogeumjari Loan 10-year rate floor hits 5% range for first time

Government to mandate external funding of severance pay at workplaces with 100 or more employees

FSS Governor Lee Chan-jin orders financial investment industry to strengthen IT security