The Korea Times - Non-banks, Finance, page 1

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Finance

Non-banks

Mon, September 16, 2019 | 13:09

'Language barrier' bars expats from buying life insurance

The language barrier still remains as one of the major stumbling blocks for foreigners wanting to sign up for insurance policies here despite a steady rise in foreign residents.

Park Jae-hyuk | 2019-09-10 16:58

KB Securities, JB Asset entangled in overseas investment fraud

KB Securities and JB Asset Management could suffer up to 100 billion won ($82.7 million) in losses in Australia, due to a local borrower's breach of contract there.

Park Jae-hyuk | 2019-09-04 16:50

Shinhan opens AI-based investment advisory firm

Shinhan Financial Group opened the nation's first artificial intelligence (AI) based investment consulting company, Shinhan AI, in Seoul, the banking group said Tuesday.

Park Jae-hyuk | 2019-09-03 16:54

Hyundai Card issues W240 bil. in green bonds

Hyundai Card issued 240 billion won ($198.23 million) in green bonds, the firm said Friday. It is the first card firm here to issue Korean won-denominated green bonds. According to the card issuer, it raised funds from institutional investors through the bonds with a maturity of two to seven years.

Kim Bo-eun | 2019-08-30 16:33

Samsung's financial units hit by earnings setback

Samsung Group's financial units - Samsung Life, Samsung Fire & Marine Insurance and Samsung Securities - posted disappointing earnings in the first half of the year due to the ever-worsening business environment in Korea. Reflecting growing skepticism about their second-half earnings, Samsung Group Vice Chairman Lee Jae-yong held an in-house meeting earlier this month with CE...

Jhoo Dong-chan | 2019-08-29 15:39

Shinhan Card issues ESG bonds

Shinhan Card issued 100 billion won ($82.4 million) of ESG bonds in cooperation with SK securities, the firm said Wednesday.

Lee Kyung-min | 2019-08-28 18:55

Will Apple Card be available in Korea?

Apple Card, a virtual credit card the tech firm released in the United States, Aug. 20, through its partnership with Goldman Sachs and Mastercard, has drawn attention from Korean iPhone users, who have been marginalized from mobile payment systems using their smartphones.

Park Jae-hyuk | 2019-08-28 15:42

KSD chief vows successful launch of e-securities system

Korea Securities Depository (KSD) CEO Lee Byung-rhae said Tuesday that he will ensure an effective and safe implementation of an electronic securities system before his three-year term ends in December 2019.

Lee Kyung-min | 2019-08-27 17:26

ABL launches dollar-denominated pension insurance

ABL Life launched a dollar-denominated pension insurance plan, on the back of the popularity of such products as the dollar appreciates against the won. Subscribers to the single-premium product can accumulate payout through a fixed interest rate for a period of five or 10 years. The interest rate is fixed when the subscriber signs up for the product.

Kim Bo-eun | 2019-08-27 16:51

Indonesia not 'land of opportunity' for Korean card issuers

Korean card firms are struggling to stay afloat in the Indonesian market, where they entered in 2015 under the guidance of their former CEOs, according to industry officials, Monday.

Park Jae-hyuk | 2019-08-27 15:32

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