KoreaTimes(488) - Economy, Finance, page 19

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Finance

Economy

Sun, October 20, 2019 | 17:34

Hanwha Life celebrates 10th anniversary in Vietnam

Hanwha Life Insurance celebrated its 10th anniversary in the Vietnamese market.

Jhoo Dong-chan | 2019-04-12 19:30

NongHyup Life scrambling to turn around

NongHyup Life Insurance, NH Financial Group's life insurer unit, is on alert mode after it suffered over 100 billion won ($87.7 million) worth of net loss last year. It was the first time for the insurer to post a loss since the firm was established in 2012.

Jhoo Dong-chan | 2019-04-12 19:29

Card firm workers delay strike

A coalition of union workers at card firms decided to delay a strike, Friday, on condition the government revises the recently strengthened regulations to cut card transaction fees.

Lee Kyung-min | 2019-04-12 17:34

Jeonju fails to win financial hub status

Jeonju, North Jeolla Province, has failed to meet key criteria to become the country's third financial center after Seoul and Busan, the government said Friday.

Lee Kyung-min | 2019-04-12 17:28

Financial groups unlikely to continue last year's momentum in Q1

Korea's big four financial groups, which enjoyed record-high earnings last year, won't continue their momentum in the first quarter of this year, according to financial research.

Jhoo Dong-chan | 2019-04-11 18:36

Financial groups pay record high dividends of W2.5 tril.

The nation's big four financial groups have paid record high dividends worth 2.52 trillion won ($2.2 billion) to shareholders.

Jhoo Dong-chan | 2019-04-11 17:51

Shinhan expands startup center for financial innovation

Shinhan Financial Group has launched a new startup program inside the group's expanded Shinhan Future's Lab, a center for fintech entrepreneurs, the group said Thursday. Shinhan Chairman Cho Yong-byoung said at the Lab's opening ceremony that the group will not only increase its investment in startups, but also the program will offer a “full ecosystem service.” Forty startups...

Park Hyong-ki | 2019-04-11 17:04

KB boosts capital base before making deals

KB Financial Group will issue hybrid bonds worth 400 billion won ($350 million) in May to increase its capital base in an effort to “better take care of and manage” its capital adequacy ratio, said a source with knowledge of the situation. It is analyzing demand for the bonds that hold a characteristic of equity and debt from potential institutional investors. The group's fun...

Park Hyong-ki | 2019-04-11 17:01

IBK chief leads overseas expansion

The chief of the Industrial Bank of Korea (IBK) is leading efforts to expand the lender's presence overseas, especially in Southeast Asia. According to the state-run bank, its chairman Kim Do-jin visited Myanmar in March for talks with the Central Bank of Myanmar's governor on changing their IBK office there into a corporate body.

Kim Bo-eun | 2019-04-11 16:42

Supporting innovative businesses

Eximbank Chairman Eun Sung-soo, right, is briefed by Powerlogics CEO Kim Won-nam about the products of the company, which produces parts for large IT firms, at the firm's production plant in Cheongju, North Chungcheong Province, Wednesday. Eximbank said Thursday it would provide a total 9.5 trillion won in funds for innovative businesses. / Courtesy of Eximbank

Kim Bo-eun | 2019-04-11 16:41

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