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On the Spot
: Lee Kyung-min
Thu, July 18, 2019 | 01:54
Gold, dollar favored amid growing uncertainties
The balance of U.S. dollar-denominated deposits at banks and gold bar sales have been on a sharp increase over the past few months as investors prefer safe assets amid growing uncertainties caused by the U.S.-China trade feud and Japan's export restriction measures.
| 2019-07-17 17:04
Hana to set up W1 tril. fund with China's sovereign fund
Hana Financial Group will team up with the China Investment Corporation (CIC) to set up a roughly 1 trillion won ($847 million) fund to invest in Korean companies operating in China, the group said Wednesday. The CIC operates about $941.4 billion in funds, one of the world's largest sovereign wealth funds with business partners including Goldman Sachs, HSBC, Deutsche Bank and...
| 2019-07-17 17:04
Boosting ties with Indonesia
Officials from Korea Deposit Insurance Corp. (KDIC) and its Indonesian counterpart Indonesia Deposit Insurance Corp. (IDIC) pose at KDIC headquarter in Seoul, July 10. The IDIC officials came to Seoul to attend a KDIC-organized consulting session to learn about Korea's deposit insurance payment system. Third from left is IDIC Chairman Halim Alamsyah. Courtesy of KDIC
| 2019-07-17 17:03
Banks rush to adopt 'open banking'
Banks are rushing to embrace “open banking,” a new financial data management and operating system that will go into effect in October, in order to get the upper hand in the rapidly-developing area. Open banking is a comprehensive joint payment system based on an application programming interface (API), an intermediary program that enables various software to interact.
| 2019-07-16 17:26
For efficient online bidding system
Officials from Korea Asset Management Corp. (KAMCO) and its Thai counterpart Sukhumvit Asset Management (SAM) pose at KAMCO's Seoul branch, July 15. At the center is SAM CEO Niyot Masavisut. KAMCO held a two-day program from Monday to exchange knowledge on how to better utilize public property sales transactions via Onbid, a KAMCO-developed online bidding system. Courtesy of ...
| 2019-07-16 17:25
Shinhan Card develops blockchain-based payment system
Shinhan Card has obtained a patent for a blockchain-based payment system. The company is the first in the world to have established a credit transaction service using the new record-keeping technology, it said Monday.
| 2019-07-15 17:50
Key industry players team up for mobile ID certification
A consortium of three financial services firms, three mobile carriers and a tech giant has forged a business partnership to launch a blockchain-based form of mobile identification in 2020, industry sources said Sunday.
| 2019-07-14 17:31
Financial groups post strong performance abroad
The nation's four financial groups have shown a strong performance overseas over the past two years, backed by their successful business portfolio diversification in Southeast Asia, data showed Sunday.
| 2019-07-14 17:31
Shinhan Financial Group Chairman Cho Yong-byoung makes opening remarks at a job fair for new and experienced workers including participants of Shinhan Future's Lab, the bank-organized startup nurturing program at Shinhan L Tower in Seoul, July 12. Over 1,000 jobseekers and 37 firm...
| 2019-07-14 17:30
Analysts split over future of cryptocurrency
Opinion is still split over whether cryptocurrency is likely to become a legally recognized currency.
| 2019-07-08 18:35
Ban on intrusive job interview questions comes into force
McDonald's customer served 'almost completely raw' chicken burger
Psy unveils music video in collaboration with Suzy
Typhoon barreling toward Korean Peninsula
Hollys, Daiso struggling with tumbler fiasco
Washington unwilling to actively mediate Seoul-Tokyo trade friction
Ex-Samsung engineer develops app for healthy diet
CEO brings Prestigious startup to Korea
Skepticism growing over Korean economy
Revving on smart saving
Celebrating Korea-Czech relations
FINA World Championships 2019
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