Reporter Kim Bo-eun Page 3

The Korea Times

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Reporter : Kim Bo-eun

Thu, February 20, 2020 | 07:25

Supporting energy firms

Export Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, center, poses with chiefs and executives of energy firms at the Korea Federation of Banks in central Seoul, Monday, after discussing ways to utilize natural gas. Bang pledged to increase financing for natural gas projects. / Courtesy of Eximbank

Banks | 2020-02-03 17:11

[Reporter's notebook] Will FSS chief's reform drive succeed?

There was widespread tension among financial firms after Financial Supervisory Service Governor Yoon Suk-heun took his position in May 2018 and began spearheading moves to boost consumer protection.

Non-banks | 2020-02-03 09:23

Woori chairman pressured to step down

Woori Financial Group's chief Son Tae-seung is being pressured to step down after the Financial Supervisory Service (FSS) announced punishment over his responsibility in Woori Bank's involvement in the “DLF fiasco.”

Banks | 2020-02-02 16:38

Gasoline prices fall

A man refuels his car at a gas station in Seoul, Sunday, amid a fall in local gasoline prices following 10 weeks of consecutive rises. The average gasoline price in the last week of January fell 1.1 won per liter nationwide from the previous week to 1,570 won, which is attributed to growing uncertainty over the global economy amid fears of the deadly Wuhan coronavirus. / Yonh...

Markets | 2020-02-02 16:35

FSS slaps heavy sanctions for Woori, Hana chiefs

The Financial Supervisory Service (FSS) said Thursday it has imposed heavy sanctions for the heads of Woori and Hana banks involved in the “DLF fiasco” which will prevent them from keeping their positions.

Banks | 2020-01-30 22:05

Hana Financial's plan to acquire insurer hits snag

Hana Financial Group's plan to acquire The-K Non-Life Insurance is likely to slow down due to differences over what is seen as a possible restructuring of the insurer.

Banks | 2020-01-29 17:00

Foreign banks benefit from DLF, Lime catastrophe

Most major Korean banks have become mired in a series of investment scandals involving the sale of high-risk, high-return products that have caused major losses for investors. This has led to many people seeking more reliable institutions to manage their assets. Foreign banks here, which are free from involvement in the DLF and Lime cases, have benefited from the situation.

Banks | 2020-01-29 16:59

Lime fiasco feared to spill over into more funds

There are growing concerns over a possible fund run after AlpenRoute Asset Management, a mid-sized hedge fund manager here, suspended payments on some of its funds following a series of redemption requests from securities companies. AlpenRoute said Tuesday that it will freeze 110 billion won in assets, halting fund withdrawals for investors in a move to forestall a possible l...

Non-banks | 2020-01-29 15:54

For sustainable growth

Executives and employees of MetLife Korea's affiliated agency MetLife Financial Services take part in the agency's sales strategy meeting at the Inter-Burgo Exco Hotel in Daegu in this Jan. 9 photo provided Tuesday by the insurer. MetLife Financial Services said that it will double its number of agents to 1,000 by the end of the year, to boost its market dominance as part of ...

Non-banks | 2020-01-28 17:15

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.

Banks | 2020-01-23 17:39

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