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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Companies

Wed, July 24, 2024 | 03:22

Shares of KakaoBank fluctuate: what's next?

Shares of KakaoBank fluctuate: what's next?

Kakao, the largest shareholder of KakaoBank, may be compelled to sell the majority of its stake in the internet-only bank following the arrest of Kakao founder Kim Beom-su Tuesday. The news triggered volatility in KakaoBank shares, reflecting the bank's uncertain future.

2024-07-23 15:46

Mirae Asset moves to leap toward global top tier on recognition of leadership

Mirae Asset moves to leap toward global top tier on recognition of leadership

As Mirae Asset Group founder and Chairman Park Hyeon-joo was recognized on the global stage, being named the 'International Executive of the Year,' expectations are also rising for the group to take a leap to become a 'global top tier' firm.

2024-07-23 14:41

Consumers complain about banks' AI-powered customer service

Consumers complain about banks' AI-powered customer service

Banks have expanded services powered by artificial intelligence (AI) aggressively amid a rapid digital transformation across sectors, and customer service was one of the first areas to be affected by this initiative.

2024-07-22 16:35

Hana Bank recognized as best bank by Euromoney

Hana Bank recognized as best bank by Euromoney

Hana Bank was recognized as the best bank in Korea by Euromoney, the bank announced Monday.

2024-07-22 14:53

KB Kookmin Bank service in Indonesian

KB Kookmin Bank service in Indonesian

A KB Kookmin Bank employee shows a promotion board for the launch of Indonesian language services on its online platform KB Star Banking. The bank announced Monday that Indonesian was newly added to KB Star Banking’s multilingual pages, which already included English, Chinese, Japanese, Cambodian, Vietnamese, Thai, Russian, Mongolian and Burmese. Customers can check the...

2024-07-22 13:57

Goldman Sachs appoints new co-country head of Korea

Goldman Sachs appoints new co-country head of Korea

Goldman Sachs announced the appointment of Ahn Jae-hoon as co-country head of Korea, as well as head of investment banking in Korea and co-branch manager of Goldman Sachs Seoul Branch. He will join Goldman Sachs as a managing director in mid-August.

2024-07-22 13:23

Quality jobs for retirees crucial as Korea quickly heads toward super-aged society

Quality jobs for retirees crucial as Korea quickly heads toward super-aged society

Shin Jung-rok, a retired mid-level official from a district office in Gyeonggi Province, recently left his last job as a security guard at an office building in Seoul.

2024-07-20 04:00

1 out of 4 Koreans in 20s paid less than minimum wage

1 out of 4 Koreans in 20s paid less than minimum wage

One out of four salaried workers aged between 20 and 24 in Korea receive less than minimum wage, data showed, Friday.

2024-07-19 16:35

Banks benefit from gov't pressure to raise mortgage rates

Banks benefit from gov't pressure to raise mortgage rates

Commercial banks are apparently enjoying windfall profits again, driven by the government’s pressure to hike mortgage rates that allow the lenders to reap massive interest income.

2024-07-19 15:55

'Travel card' market becomes red ocean as rivalry intensifies

'Travel card' market becomes red ocean as rivalry intensifies

NH Nonghyup Financial Group marks the last of the top five financial groups to enter the competitive market for specialized cards targeting Koreans traveling overseas. With the market already saturated, intense competition is anticipated among companies to differentiate their products.

2024-07-19 15:48

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Top 10 Stories

1	N. Korea says it does not care about Trump's boasting of friendship with Kim

2	Fewer foreign residents in Korea wire money back to family

3	Kakao faces gloomy outlook following founder's arrest

4	INTERVIEWSenior models in Korea redefine age and beauty

5	Kim Jong-un anticipates Donald Trump's reelection: experts

6	Gov't ups limit on meal prices under anti-graft law to 50,000 won

7	Jamsu Bridge closed due to rising river levels

8	'Chaebols, NPS drive Korea discount': London-based proxy adviser

9	Korean wine importers struggle with falling sales

10	Former interim leader elected as new ruling party chief

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