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Thu, July 2, 2020 | 22:14

Financial firms incorporate ESG into business strategies

The finance sector is increasingly incorporating the term ESG into their management strategies, to keep up with global trends and meet investors and shareholders' demands.

Banks | 2020-01-05 16:58

K bank chief's term extended again

K bank CEO Shim Sung-hoon's term has been extended once again for another three months. Shim is set to serve his term through the end of March, when the bank holds its general shareholders meeting. In September, the internet bank extended Shim's term to Jan. 1, so he could undertake the task of increasing the troubled bank's capital.

Banks | 2020-01-01 16:21

Global, digital, trust - keywords for banks in 2020

Financial groups and lenders have set three keywords for 2020 to adapt to the digital era and low interest rates and regain consumer trust.

Banks | 2020-01-01 16:08

Korea lags behind in fintech adoption

The government is eager to foster the fintech industry, introducing regulatory sandboxes and helping internet banks get started, but a recent survey shows Korea still has much room for improvement in fintech adoption.

Policies | 2019-12-31 16:02

Lime Asset embroiled in US Ponzi scheme

Lime Asset Management will likely face an investigation by the prosecution over suspicions that it continued to sell fund options to investors despite allegedly being aware of the fact that the options invested in involved a U.S. hedge fund manager that engaged in fraud.

Non-banks | 2019-12-30 17:00

Hyundai Card emerges as innovation hub for startups

Hyundai Card is fostering promising startups by providing its co-working space Studio Black and various other programs.

Non-banks | 2019-12-30 16:36

Finance minister admits to controversy on statistics

Deputy Prime Minister and Finance Minister Hong Nam-ki urged Statistics Korea and other government agencies Friday to enhance the transparency of statistics, essentially admitting to inaccuracies in state data.

Policies | 2019-12-27 16:52

KB Kookmin Bank accelerates expansion in Southeast Asia

KB Kookmin Bank has begun its drive to expand its presence in Southeast Asia, the top priority of CEO Hur Yin who started his second term in November.

Banks | 2019-12-27 15:19

Support for multiracial families

Daishin Financial Group Chairmwoman Lee Auh-ryung, third from left, poses with officials and aid recipients after donating funds at a center assisting multiracial families in Naju, South Jeolla Province, Thursday. / Courtesy of Daishin Securities

Non-banks | 2019-12-26 16:58

Foreign brokerages paint rosy picture for Seoul stocks

Foreign brokerages have put forward an optimistic outlook for the benchmark KOSPI next year based on expectations of a global economic recovery and a boost in tech company earnings expected to drive the Seoul bourse on the back of improvements in the chip market.

Markets | 2019-12-26 15:01

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