KoreaTimes(513) - Non-banks, Finance, page 11

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Finance

Non-banks

Wed, November 13, 2019 | 10:44

Card issuers face tough road ahead

Card issuers face tough road ahead

The nation's card issuers will suffer worsening profitability during the second half of 2019, due to the expected hike in their default rates and planned return of transaction fees to small business owners, market analysts said Monday.

Park Jae-hyuk | 2019-08-02 17:41

Kakao Pay tops mobile payment app ranking

Kakao Pay tops mobile payment app ranking

Kakao Pay, a mobile payment and digital wallet service by Kakao Corp., received the best customer satisfaction reviews among six mobile payment service providers in Korea, a government survey showed Friday.

Lee Kyung-min | 2019-08-02 17:10

Naver, Mirae Asset Daewoo form partnership in fintech

Naver, Mirae Asset Daewoo form partnership in fintech

Naver and Mirae Asset Daewoo are set to form a partnership to expand their presence in the nation's fintech business, the firms said.

Jhoo Dong-chan | 2019-08-01 19:07

Teaching finance classes

Teaching finance classes

University students volunteering to teach finance to children pose with MetLife Korea employees at the company in southern Seoul, in this photo taken in June. Around 1,300 elementary school students took part in the sessions organized by the MetLife Korea Foundation in June and July. Courtesy of MetLife Korea

Kim Bo-eun | 2019-08-01 15:56

'Paying with face' now available in Korea

'Paying with face' now available in Korea

Facial recognition-based payments, which have been widely used in China, are now available here.

Park Jae-hyuk | 2019-08-01 15:17

Orange and Shinhan Life lead group's non-banking earnings

Orange and Shinhan Life lead group's non-banking earnings

Orange and Shinhan Life Insurance played an important role in leading Shinhan Financial Group's non-banking sector earnings in the first half of the year.

Jhoo Dong-chan | 2019-07-31 18:14

Low interest rate strains insurers, banks

Low interest rate strains insurers, banks

Insurers are coming under growing pressure to boost profits after the Bank of Korea (BOK) lowered its key rate July 18, a measure that has widened the spread between the rate they promised customers earlier and the one under which they borrow from the central bank.

Lee Kyung-min | 2019-07-31 17:33

Kiwoom faces lawsuit from Soulbrain shareholders

Kiwoom faces lawsuit from Soulbrain shareholders

A group of shareholders of Soulbrain, a manufacturer of hydrogen fluoride, is set to take legal action against Kiwoom Securities for what they claim was a misleading report on the company. The price of Soulbrain's shares went up after Japan's export restrictions on hydrogen fluoride to Korea went into effect on July 4, as the local manufacturer was expected to be able to cove...

Kim Bo-eun | 2019-07-30 18:11

'Boycott Japan' weighs on card issuers

'Boycott Japan' weighs on card issuers

A Korean consumer boycott of Japanese products, which has already affected the retail and tourism sectors here, is also dealing a severe blow to domestic card issuers, according to industry officials, Tuesday. Amid the intensifying anti-Japan sentiment triggered by Japan's restrictions on exports to Korea, local credit card companies have begun suspending various marketing ca...

Park Jae-hyuk | 2019-07-30 15:39

Pledge to prevent workplace bullying

Pledge to prevent workplace bullying

Executives and employees of Woori Card pledge to take part in the prevention of workplace bullying, at the company's headquarters in Gwanghwamun, central Seoul, Friday. A law banning such practices at work went into effect earlier this month. / Courtesy of Woori Card

Kim Bo-eun | 2019-07-29 18:05

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