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Tue, November 13, 2018 | 07:11

Economy > Finance >

'Central bank has no role in improving job market'

Bank of Korea (BOK) Governor Lee Ju-yeol said the country is expected to stay on track to achieve its growth potential this year, despite growing external risks stemming from the ongoing trade dispute between the United States and China. Even with this uncertain outlook and the worsening job market, he added Korea is likely to grow toward the potential rate of 2.9 percent thi...

Finance | 2018-08-31 16:36

Hyundai Life becomes subsidiary of Taiwanese firm

Hyundai Life will become a subsidiary of Taiwan's Fubon Life starting next month _ accordingly, the insurer will be renamed as Fubon Hyundai Life.

Finance | 2018-08-31 16:29

Shinhan-KCC partnership

Shinhan Bank Deputy Vice President Choi Byung-hwa, second from left, shakes hands with KCC executive Lee Hong during a strategic partnership signing ceremony at Shinhan Bank head office in Seoul, Wednesday. Under the partnership, the bank offers favorable interest rates to those who use the lender's loans to buy KCC interior services. / Courtesy of Shinhan Bank

Finance | 2018-08-30 22:46

Business sentiment falls to 18-month low

The country's index measuring the growth prospect of the manufacturing sector dropped to its lowest level in 18 months amid a wave of corporate restructuring and weak consumption, according to the Bank of Korea (BOK), Thursday. The business sentiment index (BSI) fell 1 point to 74 for August. It has been falling since June this year when the index stood at 80. This followed a...

Finance | 2018-08-30 17:52

Costco-Hyundai Card alliance to reshape pecking order

The newly established alliance between Costco Wholesale Korea and Hyundai Card is expected to spur the credit card company and help it surpass KB Kookmin Card, according to industry sources and analysts Wednesday. Costco has recently chosen Hyundai Card, the No. 4 credit card as its new partner over Samsung Card via open bidding. Samsung had been Costco's partner for the last...

Finance | 2018-08-30 11:20

Seoul bourse unlikely to rebound in 2nd half

The Seoul stock markets are unlikely to see a meaningful rebound in the second half of this year due to lingering uncertainties both at home and abroad, such as weakening economic fundamentals and the ongoing trade feud between the U.S. and China.

Finance | 2018-08-29 16:17

NPS urged not to lend stocks to short sellers

The National Pension Service (NPS) is facing mounting pressure not to lend stocks to short sellers.

Finance | 2018-08-28 16:30

[INTERVIEW] Shinhan Financial eyes global deals for growth

Shinhan Financial Group will actively pursue acquisitions in Asia's emerging markets that can help it take a “leap up and forward” overseas, according to Cho Yong-byoung, the listed financial holding company's chairman. With its huge war chest of more than 20 trillion won in cash, the group will seek targets on the same or a similar scale as the deal it sealed to acquire ANZ ...

Finance | 2018-08-28 11:06

IBK CEO vows to grant W100 tril. loans for startups

Industrial Bank of Korea (IBK) CEO Kim Do-jin has vowed to spearhead investments in supporting the nation's startups and creating jobs. According to the IBK, Aug. 22, the lender will invest 100 trillion won ($89 billion) for the next five years in startups as part of the bank's future business plan.

Finance | 2018-08-27 17:16

AIA offers discounts for exercisers

AIA has teamed up with SK Telecom to roll out the AIA Vitality X T Walking app that suggests a weekly walking or jogging goal to help improve a policyholder's health.

Finance | 2018-08-27 17:15

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Choking on worsening air pollution