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Finance

Thu, September 24, 2020 | 21:34

Cash recommended amid rising uncertainties, falling asset prices

Cash recommended amid rising uncertainties, falling asset prices

Amid rising uncertainties from the upcoming U.S. presidential election and concerns about the further spread of COVID-19, representative asset prices ranging from stocks to gold seem to be following a downward trajectory. Both U.S. stocks and Korean stock markets logged bearish movements this month, despite short-term upturns. This month alone, Nasdaq plummeted by 10.8 percen...

Anna J. Park | 2020-09-24 17:28

FSC wastes money on unengaging YouTube content

FSC wastes money on unengaging YouTube content

The Financial Services Commission (FSC) will spend 15 million won ($12,800) on creating new content to upload to its somewhat underwhelming English-language YouTube channel.

2020-09-24 17:11

SNU nanochemist expected to win Nobel Prize: Clarivate Analytics

SNU nanochemist expected to win Nobel Prize: Clarivate Analytics

A noted nanochemist and distinguished professor of Seoul National University (SNU), Hyeon Taeg-hwan is expected to win the Nobel Prize, according to a global analytics-based service provider, Thursday.

2020-09-24 16:52

Standard Chartered CEO meets FSC chairman

Standard Chartered CEO meets FSC chairman

Financial Services Commission (FSC) Chairman Eun Sung-soo, left, and Standard Chartered Group CEO Bill Winters pose at the Government Complex Seoul, Thursday. The bank said the CEO agreed on the potential of Seoul to become Asia's financial hub given the size of the Korean economy and the country's presence in global trade. They also discussed Korea's COVID-19 policy response...

2020-09-24 16:11

Citibank Korea set to see first female CEO

Citibank Korea set to see first female CEO

Citigroup made headlines last week by appointing its global consumer banking CEO Jane Fraser as its first female group CEO. Now attention is being drawn to the possible appointment of the first female CEO at Citibank Korea.

2020-09-24 14:00

Hyundai Capital improves quality of in-house training

Hyundai Capital and Hyundai Card said Thursday they have continued to improve the quality of in-house training for company employees. According to Hyundai Motor Group's financial subsidiaries, their “Open Class” lectures held since 2014 have covered diverse topics from the coronavirus to fintech, neural science and social media, inviting poet Ha Sang-wook, psychiatrist Ha Ji-...

2020-09-24 13:03

Kookmin Bank's mobile phone biz at risk?

Kookmin Bank's mobile phone biz at risk?

KB Kookmin Bank's new line of business offering mobile phone plans in partnership with telecommunications firm LG Uplus continues to face setbacks due to hardline opposition from the lender's union.

2020-09-23 17:35

Hong's premature optimism fans concerns

Hong's premature optimism fans concerns

Deputy Prime Minister and Finance Minister Hong Nam-ki said the panic-driven buying spree in the property market is showing signs of subsiding, a statement that fails to reflect the rapid spike in apartment prices over the past few years, experts said Wednesday.

2020-09-23 17:13

Controversy continues over 2nd relief fund

Controversy continues over 2nd relief fund

Women's rights group vehemently criticized the National Assembly's last-minute flip-flopping to allow operators of “adult entertainment facilities” to receive up to 2 million won ($1,710) in emergency relief, Wednesday, saying taxpayers' money should not be wasted to legitimize operation of establishments built to profit from the exploitation of women.

2020-09-23 17:12

Hanwha, SNU join hands in blockchain research

Hanwha, SNU join hands in blockchain research

Hanwha Life Insurance has teamed up with Seoul National University (SNU) for blockchain research, in a bid to develop more advanced digital finance platforms, the insurer said Wednesday.

2020-09-23 15:50

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