All posts tagged "KT Corporation"
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638AML / KYCKorea’s KT Corp to Pay $6.3m for FCPA Violations
KT Corp maintained slush funds for nearly a decade which were used by executives and employees to bribe Korean and Vietnamese officials.
February 21, 2022 -
1.6KCapital / LiquidityKorean Regulators Approves K Bank Recapitalisation Plan
K Bank’s recapitalisation plan was halted last April, forcing Korea’s first internet-only bank to stop offering loan products. It is now looking to regain ground lost to Kakao Bank.
July 23, 2020 -
582Capital / LiquidityCapital Adequacy Deteriorates at Korean Internet-only Banks
The capital adequacy ratios of K Bank and Kakao Bank have fallen to 10.62% and 11.74%, respectively, compared 15.34% at Korea’s other institutions.
September 4, 2019 -
718Fintech / RegtechKorea to Ease Entry of Innovative Businesses in Finance
The FSC and FSS have jointly announced a set of measures designed to simplify the approval process for innovative businesses in finance.
August 14, 2019 -
918Fintech / Regtech
First Non-Financial Firm Approved to Raise Stake in Korean Digital Bank
According to the FSC, messenger app operator Kakao has met the qualification criteria for owning a 34% stake in Kakao Bank, one of Korea's two internet-only banks.
July 25, 2019 -
871Capital / LiquidityUPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe
KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
April 25, 2019
