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On the Spot
: Jhoo Dong-chan
Mon, July 22, 2019 | 15:04
Financial firms join hands with retailers
A growing number of financial firms are partnering with retailers in a bid to diversify revenue sources and expand their business portfolios. Samsung Card said Wednesday it has signed a strategic partnership with Shinsegae Simon, a retail joint venture between Shinsegae and U.S.-based commercial real estate management firm Simon Property Group.
| 2019-07-19 17:47
KEB Hana introduces banking app for foreigners
KEB Hana Bank rolled out a banking app for foreigners, the bank said Friday.
| 2019-07-19 17:47
Rate cut expected to boost stocks in short run
Experts and analysts welcomed the central bank's Thursday decision to cut the key rate by 25 basis points to 1.5 percent, but the effect of the rate cut is expected to be limited.
| 2019-07-19 17:45
Founder's scandals hamper DB's rebuilding efforts
DB Group has gone all out to rebuild its corporate image and market status over the past two years since its founder, former Chairman Kim Jun-ki, resigned in 2017 and fled the country after his secretary accused him of sexual harassment two years ago.
| 2019-07-19 16:27
Economy for single households growing fast
A 36-year-old hamburger store owner surnamed An refurbished his store recently to better serve customers who visit there alone. He removed some tables and installed a huge bar. “An increasing number of customers visit my store alone. They sat alone at tables designed for two or more people. It was just a waste of space. We could've accommodated more than twice as many custome...
| 2019-07-18 19:43
Best service bank
KEB Hana Bank CEO Ji Sung-kyoo, right, holds a plaque with Korea Management Association Consulting President and CEO Kim Jong-lib at the bank's head office in Seoul, Thursday. The bank has topped the customer service category in the consulting and rating agency's Korea Service Quality Index for four years in a row. / Courtesy of KEB Hana Bank
| 2019-07-18 19:23
Banks fix eyes on auto loan market
The nation's commercial banks are introducing a series of auto loan products with lower interest rates. Auto loans used to be an exclusive financial product for capital firms, but now lenders have joined the industry as part of efforts to diversify their business portfolio.
| 2019-07-18 19:23
Stock trading volume hits 15-month low in June
The total trading volume of Seoul stocks fell to a 15-month low in June despite a series of government efforts to revive the nation's sluggish stock market, according to a recent report. The government lowered the securities transaction tax to encourage investors for the first time in 23 years last month, but the result fell short of expectations. In the meantime, the total b...
| 2019-07-18 13:27
For Bangladesh's infrastructure
Export-Import Bank of Korea project finance division director Yang Hwan-joon, fifth from left, applauds with Bangladesh's government officials during the Bangladesh Infrastructure Investment Promotion conference at Lotte Hotel in Seoul, Wednesday. / Courtesy of Export-Import Bank of Korea
| 2019-07-18 08:58
Insurers rush to issue bonds to secure cash reserve
The nation's insurers are rushing to issue corporate bonds to secure enough cash reserves at the same time as an international standards setting body has proposed deferring the introduction of International Financial Reporting Standard (IFRS) 17 by another year to 2023. According to the insurance sector, the nation's life and non-life insurers have issued a total of 580 billi...
| 2019-07-16 16:00
Samsung Galaxy S10 5G smartphone mocked by WSJ
Sales of Japanese beer, noodles, snacks plunge amid trade dispute
US to request Seoul's restraint on Korea-Japan row
Hyundai Mobis develops camera monitors to replace side mirrors
A feud for the ages
Korea suffers steepest fall in exports
Apple, Amazon concerned about Japan's export curbs
Market expects additional rate cut in Q4
Vietnam demands Chinese ships to leave Vanguard Bank
MSD Korea hit for 'excessive' employee monitoring
Celebrating Korea-Czech relations
Stay cool and beat the heat
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