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Sat, May 30, 2020 | 06:20
Hyundai Motor Securities enjoys earnings surprise in Q1
Hyundai Motor Securities enjoys earnings surprise in Q1
Hyundai Motor Securities reported an earnings surprise in the first quarter of this year, despite difficult circumstances for brokerages amid the coronavirus pandemic, the firm said.
2020-04-26 16:20
[CEO Watch] Meritz gears up to challenge big 4 insurers
[CEO Watch] Meritz gears up to challenge big 4 insurers
Meritz Fire & Marine Insurance is drawing attention after it posted a dramatic growth in earnings last year, amid the poor performance of the industry. Eyes are on whether CEO Kim Yong-beom will be able to challenge the order of the big four non-life insurers.
2020-04-23 16:16
KB Financial beset by Prudential takeover
KB Financial beset by Prudential takeover
KB Financial Group is facing an intensifying protest over its decision to acquire Prudential Life Insurance Company of Korea for 2.3 trillion won ($1.8 billion), according to industry officials, Thursday.
2020-04-23 15:45
JP Morgan Seoul office punished for poor internal control system
JP Morgan Seoul office punished for poor internal control system
The Financial Supervisory Service (FSS) has directed JP Morgan's Korean brokerage unit to improve its internal control system.
2020-04-23 09:56
Agreement on fostering fintech startups
Agreement on fostering fintech startups
Shinhan Card's head of management planning Moon Dong-kwon, left, poses with chief of D.Camp Kim Hong-il, center, and Visa Korea Vice President Lee Yoo-jin, after the three parties signed an agreement to help foster fintech startups, at D.Camp in southern Seoul, Wednesday. D.Camp is a foundation that offers working space for startups and connects them to investors.
2020-04-22 15:30
Kiwoom unprepared for 'negative' oil prices
Kiwoom unprepared for 'negative' oil prices
Kiwoom Securities is facing lawsuits from customers as its home trading system (HTS) malfunctioned after unprecedented crude oil prices dipped below zero, according to industry officials, Tuesday.
2020-04-21 16:40
  • Oil prices unlikely to bounce back soon
Card companies' big data help virus-hit small firms
Card companies' big data help virus-hit small firms
Credit card companies have been accumulating an enormous amount of big data, based on their card holders' payment information. Card companies' payment information not only helps the nation's health authorities track exact movements of confirmed COVID-19 patients, it also aims to help many mom-and-pop stores across the country, which have been directly hit by the global pandem...
Anna J. Park | 2020-04-20 21:26
FSS, banks in talks to launch bad bank to save Lime losses
FSS, banks in talks to launch bad bank to save Lime losses
The Financial Supervisory Service (FSS) and financial firms that sold Lime Asset Management funds are in talks to set up a bad bank to help companies recoup losses from the troubled hedge fund, according to the financial regulator Monday. A bad bank is a corporate structure set up to buy poorly performing assets from another financial institution.
2020-04-20 18:24
More US, Chinese life insurers may leave Korea
More US, Chinese life insurers may leave Korea
More attention is focusing on whether the U.S.-based MetLife and Cigna and China's Dajia will follow in the footsteps of Prudential Financial, which recently sold its Korean insurance arm to KB Financial Group for about 2.3 trillion won ($1.9 billion).
2020-04-20 17:00
Brokerages reeling from COVID-19 shocks
Brokerages reeling from COVID-19 shocks
Korea's major securities firms are expected to suffer a significant slash in their net profits during the first quarter this year, due to the pandemic-led global economic downturn. Market analysts have lowered securities firms' Q1 net profit estimates, as considerable losses are expected from trading and investment banking (IB) departments, despite a surge in brokerage fees.
Anna J. Park | 2020-04-12 15:57
123 4 5678910
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Top 10 Stories
  • Big data, AI to lead post-pandemic economy
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  • State museums, theaters, galleries close again due to spike in virus cases
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  • US-China conflict: South Korea stuck between rock and hard place
  • S. Korea, US transport equipment for USFK's THAAD base by ground
  • S. Korea braces for more infections in Seoul
  • Coronavirus detected on computers in Coupang office
  • Nissan, Infiniti pulling out of Korea
DARKROOM
  • Bearing Witness: Images of 2020 Pulitzer Prize (Part 2)

    Bearing Witness: Images of 2020 Pulitzer Prize (Part 2)

  • Bearing Witness: Images of 2020 Pulitzer Prize (Part 1)

    Bearing Witness: Images of 2020 Pulitzer Prize (Part 1)

  • Life goes on in Korea amid coronavirus pandemic (Part 7)

    Life goes on in Korea amid coronavirus pandemic (Part 7)

  • Life goes on in Korea amid coronavirus pandemic (Part 6)

    Life goes on in Korea amid coronavirus pandemic (Part 6)

  • Keep Calm And Keep Your Distance

    Keep Calm And Keep Your Distance

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