The Korea Times - Section Page

Site Map PDF Subscription Register LogIn
Site Map PDF Subscription Register LogIn

Mon, October 22, 2018 | 21:51

Economy >

KDB threatens not to back GM Korea

The Korea Development Bank (KDB) may cancel its plan to give GM Korea 400 billion won ($375 million), the second portion of the $750 million government lifeline initially promised to the Korean unit of GM, KDB Chairman Lee Dong-gull said Monday. The other half has already been paid to the firm for facility construction. “We consider injecting the remaining amount is better, b...

Finance | 2018-10-22 18:28

Curse of stock split befalls Samsung, Naver

Splitting up stocks to make them cheaper and more easily accessible for investors with small pockets seems to be a good idea for companies seeking to boost their trading and value. But the general trading patterns after companies decided to issue more shares to their shareholders and investors show stock splits are becoming more a curse than a blessing. Blue chips that split ...

Finance | 2018-10-22 16:08

Shinhan vows to lead 'eco-transformation'

Shinhan Financial Group will spend 20 trillion won ($17 billion) over the next decade on finance firms whose business models seek to promote sustainable, eco-friendly growth, it said Monday.

Finance | 2018-10-22 18:03

MetLife's whole life insurance gains popularity

MetLife Korea, a local unit of the largest life insurer in the U.S., is gaining market attention for the high returns of its whole life insurance product investing in U.S. treasury bonds or the country's promising firms.

Finance | 2018-10-22 16:14

[Macro Today] It's jobs, Mr. President

In the romantic comedy movie, “Dave,” the U.S. president makes an emergency announcement that henceforth, his government's “main responsibility” will be helping every person find a job in their most difficult times. A job will bring a “smile” to everyone's face as it will give “valuable meaning” to their life. And foremost, a person with a job will get “respect” in society, t...

Finance | 2018-10-22 09:24

Hana sponsors daycare centers

KEB Hana Bank CEO Ham Young-joo, front row second from right, and Hana Financial Group CSR Committee Chairman Park Seung, front row third from left, put their hands on a wishing ball together with heads of provincial governments during an MOU-signing ceremony for a daycare center support program at the financial group's head office in Seoul, Monday. Under the agreement, Hana ...

Photo News | 2018-10-22 17:37

Shinhan Bank execs urged to think out of box

Shinhan Bank CEO Wi Sung-ho is calling on executives and other senior employees to think outside the box and keep challenging themselves to cope with the prolonged economic downturn, the bank said Sunday.

Finance | 2018-10-21 17:05

BOK chief to face grilling from lawmakers

Bank of Korea (BOK) Governor Lee Ju-yeol is expected to have a difficult time with lawmakers over the central bank's “wait-and-see” approach on the nation's policy rate during the upcoming National Assembly audit Monday.

Policies | 2018-10-21 16:58

Surging gas prices

A car is fueled up at a local gas station in Seoul, Sunday. According to the Opinet, a gas price posting provider serviced by the Korea National Oil Corp., the nation's average gasoline price stood at 1,686.3 won ($1.49) per liter on the third week of October, up 11.3 won from a week earlier. Due to mounting tension in the Middle East amid U.S. conflict with Iran, Korea's gas...

Photo News | 2018-10-21 16:32

Who will lead Woori's holding company?

Woori Bank will be holding a board meeting Oct. 26 to check on its progress in transforming into a financial holding company, according to officials. But also, the board members may discuss whether to have a chairman and a bank chief executive, or a single leader allowing for one top decision-maker to run both the holding company and the bank. Some potential candidates for th...

Finance | 2018-10-19 12:52

KEB Hana upgrades corporate internet banking

KEB Hana Bank said Friday that it has overhauled its corporate internet banking service to increase user convenience.

Finance | 2018-10-19 17:33

Trump threatens to close US-Mexico border [PHOTOS]