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On the Spot
: Kim Bo-eun
Wed, July 17, 2019 | 01:36
Naver, Kakao to compete in mobile payment services in Japan
Naver and Kakao Pay will extend their mobile payment service battle to Japan in June as both are set to launch services there, which will enable Korean travelers in Japan to make purchases via their systems. The move comes after the government revised related regulations a week ago to enable local mobile payment services to operate overseas. The revised regulation will go int...
| 2019-05-28 15:57
Woori Bank's intellectual property rights recognized
Woori Bank's Chief Customer Officer Cho Su-hyeong, center, poses with Prime Minister Lee Nak-yon, left, and a Woori Bank official at an award ceremony for inventors hosted by the Korean Intellectual Property Office (KIPO), at COEX in southern Seoul, Tuesday. Woori Bank was the first financial firm to receive the presidential award for its intellectual property. Cho, who is in...
| 2019-05-28 15:50
Banks open branches tailored for foreigners
Local banks are ramping up efforts to better meet the needs of existing foreign customers and attract new ones, as the number of foreign residents here grows. Data show the number of foreign customers of the five major banks here _ Shinhan, KB Kookmin, Woori, KEB Hana and Nonghyup _ surpassed 5 million at the end of 2018.
| 2019-05-27 16:14
'Dream Up' project
Students pose after performing in a Nanta recital organized by BNP Paribas Korea at Gangnam Theater in Seoul, Saturday. The recital is an annual event the bank holds as part of its "Dream Up" project designed to provide underprivileged youngsters with the opportunity to participate in artistic activities. / Courtesy of BNP Paribas
| 2019-05-27 16:07
Visa fostering innovation spirit
Visa Korea CEO Patrick Yoon, sixth from right, poses with Mobidoo CEO David Lee, seventh from right, and other contestants of Visa's fintech contest "Visa Everywhere Initiative" and members of the judging panel at Dongdaemun Design Plaza, Friday. The winner receives 25 million won in prize money and the opportunity to visit Visa's innovation centers in five countries. The con...
| 2019-05-26 16:38
Non-life insurers suffer worsening profits in Q1
Local non-life insurers suffered a major setback in their earnings in the first quarter of 2019 due to mounting competition amid lingering uncertainty caused by market volatility. According to data from the Financial Supervisory Service, non-life insurers' combined net profits stood at 718.9 billion won between January and March, down 18 percent from 880.9 billion won a year ...
| 2019-05-26 16:04
Investment banking bolsters brokerages' Q1 earnings
Local securities firms recorded an earnings surprise in the first quarter, largely due to robust performances in investment banking. According to data from the Financial Supervisory Service, investment banking accounted for more than 30 percent of the operating income of major brokerages, including NH Investment and Securities, Mirae Asset Daewoo and Meritz Securities.
| 2019-05-26 09:47
Myanmar investment seminar for SMEs
Industrial Bank of Korea (IBK) Chairman Kim Do-jin, fourth from left, poses with Myanmar's Minister of Investment and Foreign Economic Relations U Thaung Tun, fourth from right, Myanmar Ambassador to South Korea U Thant Sin, third from right, and other dignitaries representing Myanmar at a Myanmar Investment Seminar for Korean SMEs, at the Korea Chamber of Commerce and Indust...
| 2019-05-23 17:06
Gov't aims to make Seoul 'fintech test bed'
The government is planning to make Seoul a “fintech test bed,” designating fintech its top priority among finance policies, according to the country's financial regulator, Thursday.
| 2019-05-23 17:05
Korean student selected for Apple scholarship
A Korean college student is among the winners of Apple's Worldwide Developers' Conference (WWDC) Scholarship this year. Lee Jae-sung, 22, a student at Konkuk University in Seoul, was selected based on his augmented reality (AR) program that teaches people how to perform CPR.
| 2019-05-23 14:52
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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