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Finance

Mon, January 27, 2020 | 06:34

Will KOSPI continue on a bullish run?

Will KOSPI continue on a bullish run?

The stock market will continue its upward moment after the Lunar New Year holiday but the upcoming announcement of the fourth-quarter results will limit its upswing, markets analysts forecast Thursday.

Anna J. Park | 2020-01-26 09:24

Security guards flexing muscles against banks

Security guards flexing muscles against banks

Subcontracted security guards at commercial banks began to organize a labor union under the umbrella of the militant Korean Confederation of Trade Unions (KCTU) to urge banks to guarantee their rights, according to industry officials, Tuesday.

Park Jae-hyuk | 2020-01-26 09:24

Will Woori team up with PEF for Prudential takeover?

Will Woori team up with PEF for Prudential takeover?

Attention is growing over whether Woori Financial Group will join hands with a private equity firm (PEF) in the bid to take over Prudential Life Insurance Company of Korea.

Kim Bo-eun | 2020-01-23 17:39

Insurers desperate for survival with digital drive

Insurers desperate for survival with digital drive

Major life insurers are going all-out to embrace digital transformation in 2020 as a means of survival amid an uncertain outlook for their rebound from a painful earnings shock last year. Despite their pledges, the prospect for the local insurance market remains murky in the face of a continuous economic slowdown. A prolonged low interest rate also comes as another external r...

Lee Min-hyung | 2020-01-23 17:39

Korea's financial hub vision becomes more 'elusive'

Korea's financial hub vision becomes more 'elusive'

Korea's long-term vision of becoming a financial hub in Asia has become more and more “elusive” as China has decided to open its financial market worth $45 trillion (52.5 quadrillion won) by removing regulations on the ownership of foreign financial players operating there. Given that Korea is already struggling to attract foreign investment due to its militant unions and ant...

Lee Kyung-min | 2020-01-23 17:21

FSS bolsters consumer protection department

FSS bolsters consumer protection department

The Financial Supervisory Service (FSS) said Thursday it will beef up its consumer protection department, doubling the number of affiliated divisions. The restructuring is seen as taking into account financial authorities' alarm over losses incurred by investors in derivative options last year and growing concerns over the option-based funds managed by Lime Asset Management.

Kim Bo-eun | 2020-01-23 15:59

Former AIG Korea chief appointed as AP CEO

Former AIG Korea chief appointed as AP CEO

U.S. insurance giant American International Group (AIG) appointed former AIG Korea head Steven Barnett as its Asia-Pacific CEO Thursday.

Kim Bo-eun | 2020-01-23 14:41

Supporting vocational schools

Supporting vocational schools

Citibank Korea CEO Park Jin-hei, left, poses with JA Korea CEO Oh Jong-nam at the commercial bank's main branch in Seoul, Wednesday, after donating 350 billion won ($300,000) to the nonprofit organization. They agreed to use the money to help vocational school students find jobs. / Courtesy of Citibank Korea

Park Jae-hyuk | 2020-01-23 14:00

Shinhan DS CEO to direct group's digitization

Shinhan DS CEO to direct group's digitization

Shinhan DS is set to become the control tower for Shinhan Financial Group's entire digital strategies, after the head of the group's IT service unit was nominated as the group's new chief digital officer (CDO), according to industry officials, Monday.

Park Jae-hyuk | 2020-01-23 09:28

SME workers earn less than half of conglomerate employees

SME workers earn less than half of conglomerate employees

The salaries of workers at small and medium-sized enterprises (SMEs) were less than half of those made by employees at large conglomerates, data showed Wednesday.

Lee Kyung-min | 2020-01-22 18:11

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