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Fri, October 18, 2019 | 23:19

KEB Hana Bank wins innovation award for global payment system

KEB Hana Bank has won a globally recognized innovation award for its Global Loyalty Network (GLN) payment service, the bank said Friday. The award was given jointly by the European Financial Management Association (Efma) and consulting service giant Accenture.

Baek Byung-yeul | 2019-10-18 17:07

Korean economy feared to fall into liquidity trap

Concerns are rising over the economy falling into a liquidity trap amid reduced corporate investment and consumption, with money increasingly trapped in bank deposits despite the record low interest rate. Under such circumstances, it is feared that the central bank's rate cut will not act as a stimulus.

Kim Bo-eun | 2019-10-18 16:29

Kyobo Life chairman awarded for sustainability efforts

Kyobo Life Insurance Chairman Shin Chang-jae was recognized Friday for the efforts he has made toward achieving sustainable management. Shin received the “Best CEO of the Year” award at the 2019 Korean Sustainability Conference held at the Lotte Hotel in central Seoul.

Kim Bo-eun | 2019-10-18 16:28

Hyundai Card CEO 'in love' with startups

Hyundai Card Vice Chairman and CEO Chung Tae-young, who described his company as “Korea's biggest startup,” has gone all out to promote the firm's digital transformation through partnerships with prospective startups, according to industry officials, Tuesday.

Park Jae-hyuk | 2019-10-18 16:02

Digital transformation cooperation

Woori Financial Group Chairman Sohn Tae-seung, left, holds a memorandum of understanding (MOU) with SAP CEO Jennifer Morgan at the SAP Executive Briefing Center in New York, Thursday (local time). The two companies signed the MOU to cooperate in the digital transformation of corporate financing. / Courtesy of Woori Financial Group

Park Jae-hyuk | 2019-10-18 16:00

IMF warns of risks with Korea's banking system

The International Monetary Fund (IMF) has warned that Korea's banking system has become more vulnerable as its lenders are increasingly exposed to bad assets that have a high risk of turning sour.

Park Jae-hyuk | 2019-10-18 15:59

Investors worried over Korea's labor policy

Foreign investors seem worried about Korea's labor policies and the possibility of its economy heading for deflation as many raised concerns regarding those issues during the latest overseas roadshow hosted by the finance ministry in New York, Thursday.

Jhoo Dong-chan | 2019-10-17 21:30

Hyundai Card to select lead manager for IPO in Nov.

Hyundai Card will select a lead manager of for its initial public offering (IPO) in November at the earliest, the company said Thursday. The card issuer said it has submitted a request for proposal (RFP) to major brokerages, including Mirae Asset Daewoo and Citigroup Global Markets Securities Korea, to lead the card firm's IPO.

Jhoo Dong-chan | 2019-10-17 21:30

Biz opportunities in Africa

Hana Financial Investment CEO Lee Jin-kook, third from left, Africa-Korea Economic Development Association (AKEDA) CEO Kwon O-Kyu, fourth from left, and Angolan Ambassador to Korea Edgar Gaspar Martins, third from right, pose with officials from Hana and AKEDA at the brokerage's headquarters on Yeouido in Seoul, Oct. 17. Hana and AKEDA signed a memorandum of understanding to ...

Lee Kyung-min | 2019-10-17 17:21

NTS chief boosts cooperation with Bangladesh

National Tax Service (NTS) Commissioner Kim Hyun-jun met with his Bangladeshi counterpart Muhammad Mosharraf Hossain Bhuiyan to share Korea's knowhow and experience in the effective management of electronic tax administration, the tax agency said Thursday.

Lee Kyung-min | 2019-10-17 17:21

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