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Finance

Non-banks

Thu, January 23, 2020 | 22:42

Former AIG Korea chief appointed as AP CEO

Former AIG Korea chief appointed as AP CEO

U.S. insurance giant American International Group (AIG) appointed former AIG Korea head Steven Barnett as its Asia-Pacific CEO Thursday.

Kim Bo-eun | 2020-01-23 14:41

NongHyup group's bank reliance poses challenge

NongHyup group's bank reliance poses challenge

NongHyup Financial Group's rapid growth driven by its flagship NongHyup Bank has emerged as a double-edged sword as its weak non-banking affiliates are posing a challenge for the group's growth amid a toughening environment for banks.

Kim Bo-eun | 2020-01-22 15:14

Ex-Samsung Life execs seize control of group's financial arms

Ex-Samsung Life execs seize control of group's financial arms

Former and incumbent Samsung Life Insurance employees in their 50s will lead the nation's largest conglomerate's financial units, according to each affiliate, Tuesday.

Park Jae-hyuk | 2020-01-21 16:50

For overseas investment

For overseas investment

Officials from NongHyup Financial Group and Paris-based Amundi Asset Management shake hands during this year's first steering committee meeting at the group's headquarters in Seoul, Jan. 15. At the meeting, they agreed to cooperate to strengthen NH-Amundi Asset Management's overseas investment. Amundi is NH-Amundi's second largest shareholder. Courtesy of NongHyup Financial G...

Kim Jae-kyoung | 2020-01-20 10:39

Awarding outstanding employees

Awarding outstanding employees

Shinhan Card CEO Lim Young-jin, center, poses with top prize recipients at an event awarding achievements of 2019, held at the AW Convention Center in central Seoul, Friday. Employees of the card firm's Gwangju branch won the top award. / Courtesy of Shinhan Card

Kim Bo-eun | 2020-01-19 16:21

Opening library at Vietnamese school

Opening library at Vietnamese school

A team of volunteers from Prudential Life Insurance Company of Korea pose after taking part in the creation of a library at a middle school in Trung Chai, Vietnam, Wednesday. Prudential said 26 financial consultants and 112 family members of customers have been dispatched to developing countries for volunteer activities over the past nine years. / Courtesy of Prudential Life ...

Kim Bo-eun | 2020-01-16 17:47

Apple's arrogance angers Korean card issuers

Apple's arrogance angers Korean card issuers

Apple's high-handed attitude toward Korean credit card issuers has been leading to a reduced likelihood of Apple Pay's launch here, as card firms have declined to accept the U.S. tech giant's unreasonable demands, industry sources said Wednesday.

Park Jae-hyuk | 2020-01-16 17:02

Korean Re accelerates global expansion

Korean Re accelerates global expansion

The Korean Reinsurance Company (Korean Re) is speeding up its overseas expansion, most recently by setting up a branch in Shanghai.

Kim Bo-eun | 2020-01-15 16:06

Investment collaboration

Investment collaboration

NH-Amundi Asset Management CEO Bae Young-hoon shakes hands with Hanoi-based SSI Asset Management CEO Le Thi Le Hang, after signing an MOU in Hanoi, Vietnam, Monday. The two asset managers will collaborate in developing fund products based on Vietnam's VN30 and VN50 indices. / Courtesy of NH-Amundi Asset Management

Anna J. Park | 2020-01-15 11:26

Goldman Sachs, SK to invest W50 bil. in cold chain logistics center

Goldman Sachs, SK to invest W50 bil. in cold chain logistics center

Goldman Sachs and SK Holdings will jointly invest 50 billion won ($43 million) in Belstar Superfreeze (Belstar), a developer and operator of cold chain logistics centers, the U.S. investment bank said Monday. In a press release, Goldman Sachs said that Belstar will use the funding for the construction of its largest cold chain logistics center at Songdo New Port in Incheon an...

Anna J. Park | 2020-01-13 17:54

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