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Finance

Non-banks

Sat, May 30, 2020 | 05:17

Pledging support for capital market

Pledging support for capital market

Na Jai-chel, chairman of the Korea Financial Investment Association, speaks during a press conference in Seoul, Thursday. Na said that the association will provide full support for the capital market to play a bigger role as a new growth engine. He also vowed to continue to work to create a better regulatory environment in cooperation with member companies. / Yonhap

Anna J. Park | 2020-01-09 16:54

Major asset managers growing through investment diversification

Major asset managers growing through investment diversification

Some of the leading asset managers in Korea marked substantial growth in their assets under management (AUM) in 2019, due to diversification strategies.

Anna J. Park | 2020-01-09 16:53

English job titles become new norm for Hyundai Card

English job titles become new norm for Hyundai Card

Hyundai Card and Hyundai Capital have officially begun using job titles in English, instead of those in Korean, as part of their efforts to become more globalized financial services firms.

Park Jae-hyuk | 2020-01-08 10:14

Low interest rates, IFRS 17 put insurers up for sale

Low interest rates, IFRS 17 put insurers up for sale

Low interest rates and a new set of accounting standards to be introduced has created increasingly tough circumstances for insurers, leading to many small-and medium-sized firms to be put up for sale.

Kim Bo-eun | 2020-01-07 15:32

Card firms seek survival in 2020 through digitization

Card firms seek survival in 2020 through digitization

Credit card issuers are accelerating their digital transformation drive this year amid worsening market conditions, falling growth rates and intensifying government regulations, according to the companies, Tuesday.

Park Jae-hyuk | 2020-01-07 15:30

New healthcare service

New healthcare service

AIA Korea employees pose at the company's headquarters in central Seoul, Monday to launch new healthcare service, "AIA Vitality Buddy." Under the new service, financial planners will provide discounts for insurance premiums as well as rewards. / Courtesy of AIA Korea

Kim Bo-eun | 2020-01-06 20:54

Lime hampers Shinhan's plan for mega IB

Lime hampers Shinhan's plan for mega IB

Shinhan Investment is facing a major setback in its grand scheme of becoming a “mega investment bank (IB)” as the brokerage house is suspected of being an accomplice to alleged financial fraud involving Lime Asset Management, according to financial authorities, Monday.

Park Jae-hyuk | 2020-01-06 12:25

Korean Re sues KB Securities over Aussie investment fraud

Korean Re sues KB Securities over Aussie investment fraud

Korean Reinsurance Company (Korean Re) has gone all out to avoid a loss from its investment in “JB Australia NDIS Fund,” which has been involved with real estate investment fraud in Australia, due to a local borrower's breach of contract there.

Park Jae-hyuk | 2019-12-31 12:33

Lime Asset embroiled in US Ponzi scheme

Lime Asset embroiled in US Ponzi scheme

Lime Asset Management will likely face an investigation by the prosecution over suspicions that it continued to sell fund options to investors despite allegedly being aware of the fact that the options invested in involved a U.S. hedge fund manager that engaged in fraud.

Kim Bo-eun | 2019-12-30 17:00

Hyundai Card emerges as innovation hub for startups

Hyundai Card emerges as innovation hub for startups

Hyundai Card is fostering promising startups by providing its co-working space Studio Black and various other programs.

Kim Bo-eun | 2019-12-30 16:36

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