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On the Spot
: Kim Bo-eun
Tue, July 16, 2019 | 08:14
Financial firms seeking to foster female leaders
Finance firms are seeking to cultivate female leaders to break the glass ceiling and promote diversity in the traditionally male-dominated sector. KB Securities is leading such efforts, stating its goal of making the percentage of women in leadership positions 20 percent by 2022. This currently stands at 13 percent.
| 2019-06-19 16:02
Kim appointed new CREFIA chief
The Credit Finance Association of Korea (CREFIA) appointed Kim Joo-hyun, former president of the Korea Deposit Insurance Corporation, as its new chairman, Tuesday. The association made the decision at a general meeting held the same day.
| 2019-06-19 15:53
Foreigners rake in Samsung Electronics stocks in downturn
Foreign investors have been aggressively purchasing Samsung Electronics' stocks despite the economic slowdown. This comes after years of selling off Samsung shares. Samsung Electronics' stock prices have risen in the first half of 2019, due to foreign investors' selling sprees. The tech giant topped the list of shares foreign buyers have been purchasing this year. They bought...
| 2019-06-19 13:15
Preventative system on FX irregularities launched
The Financial Supervisory Service (FSS) said Tuesday that it will work with banks to use information technology to prevent customers and banks from violating foreign exchange regulations. "Because foreign exchange regulations are complex, people are mostly unaware that certain laws and rules have been violated during overseas transactions of assets including real estate," an ...
| 2019-06-18 16:22
Center for multiracial students
Hana Financial Group Vice President Ham Young-joo, second row third from right, poses with officials and multiracial students after agreeing to support the development of a multicultural exchange center in Hongcheon County, Gangwon Province, Tuesday. Also at the event were Community Chest of Korea Chairman Ye Jong-suk, second row second from left, Gangwon Province Governor Ch...
| 2019-06-18 15:32
Six in 10 listed firms suffer decline in profits
Sixty percent of the country's top 1,000 companies saw their profits fall in 2018 from a year earlier, according to a recent report. Yet the average wage of employees of 66.7 percent of these companies rose. The report, released by the Korea CXO Institute, stated that 597 listed companies either saw their operating income decrease in 2018 from a year earlier or marked an oper...
| 2019-06-17 16:28
Korea Technology Finance Corp. (KOTEC) Chairman Jeong Yoon-mo, right, poses with Ylva Berg, CEO of Business Sweden, after signing an agreement to cooperate on fostering social ventures, in Stockholm, Saturday. The signing took place at an event hosted by KOTEC and Sweden's Norrsken Foundation held on the sidelines of President Moon Jae-in's visit to the Nordic country last we...
| 2019-06-17 15:57
Shinhan consolidating presence in Vietnam
Shinhan Bank is showing prominence as the top foreign bank in Vietnam, as it continues to expand there. Shinhan Bank recorded 95 billion won in net profit last year, which is similar to the scale of net profit of Shinhan group's affiliate companies.
| 2019-06-14 16:18
Winner of insurtech competition
MetLife Korea CEO Song Young-rok, fourth from left, poses with the winning team of Collab 5.0, MetLife's insurtech competition for startups, and other MetLife Korea and Lumenlab officials at MetLife Korea's training center in southern Seoul, Thursday. Lumenlab, MetLife Asia's innovation center, hosts the competition. MetLife Korea will sign a $100,000 (118 million won) contra...
| 2019-06-14 15:50
Woori Financial speeding up integration of affiliates
Woori Financial Group is accelerating integration of its affiliate companies to strengthen the group. As part of these efforts, Woori is in the process of purchasing a building across from Woori Financial Group's headquarters in central Seoul.
| 2019-06-14 15:24
Shinhan Card develops blockchain-based payment system
Moon to Abe: 'Korea will overcome export restrictions with united power'
Moon warns Japan of bigger damage
English-language driver's license to be issued in September
'We don't sell Japanese goods' [PHOTOS]
Abe jeopardizes S. Korea-US-Japan security cooperation
Sharks prowling Korean beaches?
BOK under growing pressure to cut key rates
Japanese man booked for filming FINA athletes secretly
North Korea to launch tour program to Mt. Geumgang
Celebrating Korea-Czech relations
Festivals around the globe
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