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The Korea Times

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Wed, June 7, 2023 | 08:30

JPMorgan chief meets with Korean financial leaders

JPMorgan chief meets with Korean financial leaders

JPMorgan Chase CEO Jamie Dimon ended his two-day business trip to Seoul, Tuesday, after holding meetings with top financial moguls here. This was the first time in five years that the head of America's largest bank has visited Korea. He arrived in Seoul on Monday afternoon, and started his schedule of meetings with chiefs of Korea's major financial institutions.

Lee Min-hyung | 2023-06-06 15:10

JP Morgan CEO visits Seoul after 5 years

JP Morgan CEO visits Seoul after 5 years

JP Morgan Chase Co. CEO Jamie Dimon met with heads of South Korea's sovereign wealth fund and other major financial institutions to discuss investment opportunities and macroeconomic issues, sources said Monday.

2023-06-05 20:04

Operating loss clouds Kakao Entertainment's IPO plan

Operating loss clouds Kakao Entertainment's IPO plan

Despite managing a superstar like IU, Kakao Entertainment suffered an operating loss last year for the first time in seven years, casting a shadow over its ambitious IPO plan. The unusual poor profitability of a major entertainment and content powerhouse hurts especially more, as its competitors, including HYBE and JYP Entertainment, are enjoying stock price rallies lately wi...

Anna J. Park | 2023-06-05 16:49

LG Electronics joins RE100 to tackle climate crisis

LG Electronics joins RE100 to tackle climate crisis

LG Electronics said Monday it has joined RE100, a global corporate initiative aimed at shifting to 100 percent renewable electricity to lessen the impacts of worsening climate change.

2023-06-05 10:33

Shinhan Card strengthens retail loan business in Kazakhstan

Shinhan Card strengthens retail loan business in Kazakhstan

Shinhan Card aims to become a top-tier operator in retail loans in Kazakhstan by strengthening local partnerships as well as accelerating digitalization.

Anna J. Park | 2023-06-04 16:51

Second-tier banks struggle with worsening bottom lines amid rising interest rates

Second-tier banks struggle with worsening bottom lines amid rising interest rates

Second-tier banks are struggling with record quarterly losses for the first time in almost nine years, following more than a year of rate hikes, which affected their customers more than first-tier bank customers when making repayments.

Yi Whan-woo | 2023-06-04 16:41

Banks' Q1 net up 24 percent on higher interest income

Banks' Q1 net up 24 percent on higher interest income

South Korean banks saw their first-quarter net profit rise 24 percent from a year earlier on higher interest and non-interest income, preliminary data showed Friday.

2023-06-02 19:31

More banks offer daily interest payments on deposits

More banks offer daily interest payments on deposits

Commercial banks are increasingly interested in offering accounts that pay a certain amount of interest to customers every day, as compared to every month under the current system, in order to secure more deposits.

Yi Whan-woo | 2023-06-02 08:35

Hana, Mirae Asset sign partnership on securities token infrastructure

Hana, Mirae Asset sign partnership on securities token infrastructure

Hana Financial Group and Mirae Asset Securities signed a partnership to build securities token infrastructure, both companies said on Thursday. Under the partnership, Hana became a member of the Next Finance Initiative (NFI) - a consortium co-founded by the Mirae Asset affiliate and SK Telecom in March.

Lee Min-hyung | 2023-06-01 15:49

[INTERVIEW] Asia expected to be key driver of ESG growth: Deloitte ESG Partner

INTERVIEWAsia expected to be key driver of ESG growth: Deloitte ESG Partner

After decades of wrangling over climate change in the scientific community, overall consensus seems to have been reached globally that climate change poses a real threat to humanity and its continued prosperity.

Anna J. Park | 2023-05-31 09:24

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Top 10 Stories

1	Asiana Airlines pilots union to initiate mass flight delays

2	Korean food's global popularity leads to copycat products in China, Japan

3	Presidential office's plan to revamp TV viewing fees causes stir

4	International Yoga Day to celebrate well-being of body, mind

5	Incheon announces plans to become hub for overseas Koreans

6	ROK-US alliance is now nuclear-based: President Yoon

7	Hyundai Motor, IKEA join hands to promote sustainable outdoor activities

8	Egyptian national arrested for possession of cannabis cookie

9	Samsung family takes out stock loans to pay inheritance tax

10	Ex-top trade negotiator to serve as US think tank standing senior fellow

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