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On the Spot
: Kim Bo-eun
Mon, May 27, 2019 | 13:30
Korean securities firms lag behind in efficiency, productivity
Securities firms here are lagging far behind their foreign counterparts in operational efficiency and productivity, according to data from the Financial Supervisory Service. The average operating margin of 44 local securities firms stood at 6.2 percent in 2018, well below the 48.4 percent of foreign securities firms' 11 branches operating here, it said.
| 2019-05-03 16:57
9 firms named to provide innovative services
The Financial Services Commission (FSC) designated nine “innovative financial services,” Thursday. These services are part of the government's regulatory sandbox in the finance sector, which enables new financial services to be offered for a trial period of up to four years. They include a service of Woori Bank, which enables customers to exchange currency and withdraw cash at restaurants and parking lots near the airport.
| 2019-05-02 17:18
Shinhan Financial Deputy President Park Woo-hyuk, left, and Karthik Ramakrishnan, head of the advisory board at the Canada-based software developer Element AI, pose after signing an agreement to cooperate on developing artificial intelligence software at the Shinhan Future Lab in Seoul, Thursday. Shinhan joined forces with Element AI as part of the group's digital transformat...
| 2019-05-02 15:50
Regulator to inspect KB, Hanwha
The Financial Supervisory Service (FSS) is set to send officials to KB Financial Group and its affiliate companies, as well as several insurers this month, for a comprehensive audit that was revived this year. The last overall inspection was in 2015. The audit was revived under the Moon Jae-in administration to better protect consumers after a series of incidents in recent ye...
| 2019-05-02 15:35
Training social workers
Participants of a workshop on reading education, organized by the Mirae Asset Park Hyeon-joo Foundation, pose in Paju, Gyeonggi Province, Saturday. The workshop was held for social workers teaching children at welfare centers. / Courtesy of Mirae Asset Financial Group
| 2019-04-30 17:03
Hanwha acquires Vietnam's HFT Securities
Hanwha Investment and Securities acquired Vietnam's HFT Securities, the company said, Tuesday. Hanwha said it received final approval from Vietnam's State Securities Commission for its takeover of the securities firm.
| 2019-04-30 15:54
Foreign life insurers suffer falling profits
Foreign life insurers operating in Korea saw their earnings deteriorate sharply in 2018 due to worsening business conditions caused by an economic slowdown and the upcoming introduction of new accounting standard IFRS 17.
| 2019-04-29 17:02
FSS special investigation team to debut in May
A special team of investigators from the Financial Supervisory Service (FSS) will launch a crackdown on unlawful market practices starting next month, the financial watchdog said Monday. The FSS said that it has finalized the details of the launch with the Financial Services Commission (FSC), the nation's top financial regulator that oversees the FSS.
| 2019-04-29 16:14
Mirae Asset Daewoo excels in overseas earnings
Mirae Asset Daewoo showed a commanding lead in Korean securities firms' overseas earnings in 2018. According to data from the company, the net profit of its 12 overseas subsidiaries amounted to 89.42 billion ($78.41 million) won last year, up from 38.28 billion won in 2017.
| 2019-04-29 11:38
Think tanks rush to cut Korea's growth outlook
Both domestic and international think tanks are lowering their 2019 growth forecast for the local economy as it twin engines of growth - exports and domestic demand - are simultaneously losing steam.
| 2019-04-28 17:02
Nobel prize-winning economist optimistic about Korea's economy
Fish cake? South Korea looking for new English name for 'eomuk'
S. Korea to discuss 'gaming disorder' with game industry
LKP in hot seat over leakage of Moon-Trump telephone talks
[INTERVIEW] GOPIZZA discovers allure of single serving
Gov't to analyze contents of JUUL e-cigarettes
Card industry faces tectonic shift
Renault Samsung-labor dispute deepening
LG seeks to restore consumer trust in smartphone
Trump shrugs off concerns over NK's missile launches
Regulator rejects Kiwoom, Toss internet banks
Celebrating Korea-Czech relations
Stars in Cannes
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