Gov't to adopt system to better manage virtual assets under its custody following series of breaches

The government will adopt a system to better manage virtual assets under its custody following a series of security breaches, the Ministry of Finance and Economy said on Friday.

2026-04-10

The property divide: Real estate drives Korea's widening wealth gap

The top 20 percent of households in Korea held about 65 percent of the country’s total net assets last year, while the bottom 40 percent accounted for only 4.8 percent, according to a new analysis released on Friday.

2026-03-09

LG Group Chairman Koo Kwang-mo wins family inheritance battle against his mother and sisters

LG Group Chairman Koo Kwang-mo won a court battle on Thursday against his mother and sisters over the inheritance of assets left by his late father, former LG Chairman Koo Bon-moo.

2026-02-12

Prosecutors launch internal investigation after losing 320 seized Bitcoins worth $28.8 million

Prosecutors have launched an internal investigation after losing 320 Bitcoins valued at approximately 41.6 billion won ($28.8 million), which had been seized as criminal assets.

2026-01-27

Mirae Asset crosses 500 trillion won mark led by global ETF products, overseas subsidiaries

Mirae Asset Global Investments said on Monday that its assets under management topped 500 trillion won ($339 billion) in November, driven by strong inflows into its global exchange-traded funds.

2025-12-15

Korean households put far more wealth in nonfinancial assets than U.S., Japan or Britain

Korean households put far more of their wealth into nonfinancial assets such as real estate than in the U.S., Japan or Britain, underscoring concerns that capital is flowing disproportionately into property instead of financial markets.

2025-12-08

Nonfinancial assets make up 65% of household portfolios

Nonfinancial assets, including real estate, accounted for nearly 65 percent of Korean household portfolios in 2024, a report showed Monday, highlighting the need to diversify investment to enhance liquidity.

2025-12-08

Hana Financial Group launches task force focused on digital assets and AI

Hana Financial Group launched a task force team dedicated to handling digital asset strategies including those of stablecoins and security tokens, the group announced on Thursday.

2025-11-06

New data reveals sharp increase in newborns receiving asset gifts

Out of the some 238,300 babies who were born last year, 734 were born with gold spoons in their mouths as they were gifted an average of 91.41 million won ($65,570) in assets as soon as they were born, totaling 67.1 billion won.

2025-09-04

U.S. fund Millennium entrusts $250 million to invest in Korean stocks: Sources

Global hedge fund Millennium Management has entrusted $250 million to a Seoul-based asset management firm to invest in Korea-listed companies, industry sources said Wednesday.

2025-08-06

korea joongAng daily