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Sun, December 15, 2019 | 03:16
Provincial banks suffer rising bad loans
Provincial banks suffer rising bad loans
Six major regional banks are reeling from rising bad loans as customer default rates have continued on an upward spiral amid the economic downturn. This has been further exacerbated by large manufacturers in provincial areas undergoing radical restructuring.
2019-04-17 17:16
Shinhan Financial to boost pension service return
Shinhan Financial to boost pension service return
Shinhan Financial Group will overhaul its pension service to boost profit by integrating key subsidiaries and removing redundancies, it said Wednesday.
2019-04-17 17:10
Woori, SK forge ties for Vietnam biz
Woori, SK forge ties for Vietnam biz
Woori Bank has signed an agreement with SK Telink to boost cooperation in expanding their global businesses in Vietnam, the bank said Wednesday.
2019-04-17 17:10
MetLife fostering startups
MetLife fostering startups
MetLife Korea executives and employees pose after attending a meeting for Collab 5.0, a global insurtech (insurance technology) contest for startups at the insurer's headquarters in Seoul, April 10. MetLife on Wednesday selected seven teams that will take part in the final round of the global insurtech event, which will take place in Seoul, June 12 and 13. Courtesy of MetLife
2019-04-17 15:40
Donation for ill children
Donation for ill children
Prudential Life Insurance CEO Kurtis Jang, fourth from left, poses with other executives at the NamSeoul Country Club in Seongnam, Gyeonggi Province, Monday. The insurer donated 36 million won to the 11th Make-A-Wish Charity Golf Tournament that was held on the same day to support children with incurable illnesses. / Courtesy of Prudential Life
2019-04-16 18:41
Is Korea inching toward cashless society?
Is Korea inching toward cashless society?
Korean households have 33 percent less paper cash compared to three years earlier, amid a growing number of cashless financial transactions, central bank data showed Tuesday.
2019-04-16 17:05
Asiana rallies higher on sales plan
Asiana rallies higher on sales plan
Asiana Airlines continued to rally on expectations that its sales plan will be formed soon by its creditors led by the state-run Korea Development Bank (KDB), analysts said Tuesday. The debt-laden carrier closed up 16.07 percent at 8,450 won ($7.44) Tuesday, surpassing its 52-week high of 7,280 won.
2019-04-16 16:55
'Stocks likely to see bullish runs in 2nd half'
'Stocks likely to see bullish runs in 2nd half'
The local stock market's performance will improve further in the second half of the year, according to Ku Yong-uk, the head of Mirae Asset Daewoo Research Center. The benchmark KOSPI took a plunge last October to below the 2,000 point, due to factors including pessimistic earnings forecasts of key companies and the U.S.-China trade dispute.
2019-04-16 16:18
Shinhan Life launches innovation center
Shinhan Life launches innovation center
Shinhan Life Insurance has set up an innovation center to foster an innovative organizational culture, the company said, Tuesday. The new center, to be under the control of CEO Sung Dae-kyu, will serve as a think tank for promoting idea pitches from employees and providing enhanced insurtech-based services to customers, it added.
2019-04-16 15:51
Financial chiefs looking for clues in Silicon Valley
Financial chiefs looking for clues in Silicon Valley
The heads of local banking groups are increasingly looking abroad, especially at Silicon Valley in the United States, to find some “clues and hints” to realize and materialize their digital businesses, according to industry sources. Currently, Shinhan Financial Group Chairman Cho Young-byoung and KB Financial Group Chairman Yoon Jong-kyoo are in the U.S. innovation hub, atten...
2019-04-16 15:26
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WooriBank
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