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On the Spot
: Kim Bo-eun
Wed, July 17, 2019 | 01:27
Celebrating Teachers' Day
The Seoul Symphony Orchestra performs during a concert sponsored by KB Kookmin Bank at Hwagok High School in western Seoul, Wednesday. KB organized the event for teachers and students, to mark Teachers' Day. / Courtesy of KB Kookmin Bank
| 2019-05-16 16:46
Kakao gets closer to Kakao Bank's major shareholder
A local court's decision to acquit Kakao's chief on charges of violating fair trade regulations has raised the likelihood of the IT company getting the green light in becoming a major shareholder of Kakao Bank. The Seoul Central District Court on Tuesday acquitted Kakao Chairman Kim Beom-su on the charges raised against him for failing to report on five Kakao subsidiaries in ...
| 2019-05-16 16:46
Shinhan Card introduces digital credit rating system overseas
Shinhan Card will introduce its digital credit rating system in emerging markets such as Kazakhstan and Vietnam, the card firm said Wednesday. These markets are swiftly adopting digital technology, but have a poor credit infrastructure, which is necessary for financial institutions to rate potential customers.
| 2019-05-15 15:43
How Lina beats bigger players in Korea
The domestic life insurance market has become increasingly tough, with 11 out of 18 major life insurers' profits falling in 2018. Lina Life Korea was the only among major foreign life insurers that saw an increase in net profit in 2018, from a year earlier. Lina is a life insurance affiliate of the U.S.-based Cigna Group.
| 2019-05-13 15:15
Branch for foreign customers
KEB Hana Bank's head of sales for North and South Jeolla provinces Chung Min-sik, fifth from right, poses with officials and guests at a ceremony to mark the launch of the bank's Gwangsan branch's extended operations, Sunday. The branch, which will be open on Sundays, was launched to serve migrant workers. / Courtesy of KEB Hana Bank
| 2019-05-13 15:15
Policy inconsistency hampers overseas expansion
Strengthening foothold in overseas markets is now no longer a choice but a path to survival for local finance companies. The government says it will offer support toward this end, but it actually appears to be doing the opposite. When doing business in foreign countries, companies need to communicate with local financial authorities on matters including regulations, but their...
| 2019-05-12 17:18
Won 3rd-worst performer among emerging market currencies
The Korean won has been one of the worst performers against the U.S. dollar among 10 emerging market currencies over the past month, with the local currency losing nearly 3 percent in value since April. The won's sharp depreciation was driven by a mixture of Korea's economic slowdown and market volatility caused by renewed woes over the U.S.-China trade dispute.
| 2019-05-12 17:17
AIA, SK seek cooperation to enhance social values
AIA Group CEO Ng Keng Hooi met SK Group Chairman Chey Tae-won in Seoul, Thursday, to discuss cooperation in corporate social responsibility programs, AIA Korea said Thursday.
| 2019-05-09 16:38
Woori chief gears up to boost stock prices
Woori Financial Group's Chairman Sohn Tae-seung is making all out efforts to raise prices of the group's shares. He is trying to show his confidence in the future performance of the financial group through multiple stock repurchases while planning overseas investor relations sessions to attract more foreign investment.
| 2019-05-09 13:47
Toss, Kiwoom vie for 3rd internet bank
The race for a third internet-only bank has become a two-way battle between consortiums each led by Toss and Kiwoom as a third consortium led by Anyband dropped out. The Financial Services Commission (FSC) said the Anyband consortium was eliminated because it did not submit necessary documents.
| 2019-05-08 16:09
Korea to restrict foreigners' visa extensions for defaulting on health insurance fees
41 cafes caught for using unhygienic ice
Ex-lawmaker Chung Doo-un found dead on Seoul mountain
David vs. Goliath: South Chungcheong's battle against coal
When justice meets reality
Korea, Israel agree to boost ties in manufacturing, high-tech
Taylor Swift becomes highest-paid celebrity
Farmers, fishermen fear Japan's expanding export curbs
US diplomat to discuss trade scuffle between Seoul, Tokyo
Trump under fire for attacks on far-left Democratic congresswomen
Celebrating Korea-Czech relations
FINA World Championships 2019
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