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Shinhan Financial acquires Lotte Insurance for $518 mil.

Shinhan Financial Group headquarters in central Seoul / Courtesy of Shinhan Financial Group Shinhan Financial Group Inc., a major banking group, has decided to take over a midsize non-life insurer for 693 billion won ($518 million) to diversify its business portfolio, industry sources said Tuesday. Shinhan Financial’s board of directors approved the acquisition of a…

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US imposes sanctions on International Criminal Court, hours after former judge wins Nobel

The International Criminal Court (ICC) in The Hague on Sept. 23. AFP-Yonhap U.S. President Donald Trump’s administration imposed sanctions on the International Criminal Court on Friday, hours after one of its former judges won the Nobel Peace Prize, putting Washington on a diplomatic collision course with European allies. The court denounced the move as an…

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