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On the Spot
: Jhoo Dong-chan
Tue, July 16, 2019 | 03:06
Card industry faces tectonic shift
The nation's credit card industry has been bisected by Shinhan and KB Kookmin Card, but is expected to experience a major upheaval soon due to Costco's new partnership with Hyundai Card and an ongoing M&A deal between firms.
| 2019-05-26 16:51
Lotte finalizes sale of financial units
Lotte Group signed stock purchase agreements (SPAs) Friday with private equity firm (PEF) JKL Partners and the MBK Partners-Woori Bank consortium, respectively, to sell Lotte Insurance and Lotte Card.
| 2019-05-24 19:21
Koreans becoming more frugal abroad
A 33-year-old Seoulite surnamed Park travels to Western countries for his summer vacation every year, but decided to visit Thailand this time.
| 2019-05-24 19:20
YG shares plunge amid massive shorting
YG Entertainment is experiencing a double whammy as investors are short selling shares in the entertainment agency amid the Seungri fiasco.
| 2019-05-23 17:49
MBK makes another comeback victory
MBK Partners has proven its competitiveness once again by coming from behind in the race to win the bidding for Lotte Card.
| 2019-05-23 16:32
New internet-only bank to be announced May 26
The Financial Services Commission (FSC) will announce the results of its ongoing screening for a new internet-only bank as early as Sunday, the financial regulator said Wednesday. Two consortiums led by Kiwoom Securities and Toss, a mobile money transfer app owned by Viva Republica, have bid for licenses.
| 2019-05-22 16:53
Supporting needy children
Seoul Guarantee Insurance Company (SGIC) CEO Kim Sang-taek, right, poses with ChildFund Korea Chairman Lee Jae-hoon at the firm's head office in Seoul, Wednesday, after donating 200 million won ($167,392) to the charity organization for needy children. / Courtesy of Seoul Guarantee Insurance Company
| 2019-05-22 16:43
MBK-Woori consortium to acquire Lotte Card
Lotte Group has changed the preferred bidder for Lotte Card to the MBK Partners-Woori Bank consortium amid financial irregularities engulfing the private equity firm (PEF) Hahn & Company.
| 2019-05-21 16:33
SC Bank's checking accounts gaining popularity
Standard Chartered (SC) Bank Korea is in the limelight for two new checking accounts that it says are most suitable for customers' needs under the current economic slowdown.
| 2019-05-21 16:19
Kakao Bank sees improving profitability, plans to go public
Kakao Bank has turned a profit for the first time in the first quarter of this year. Observers expected it would take at least three years to start making money, but it took only 18 months since the internet-only bank was launched.
| 2019-05-19 18:00
Shinhan Card develops blockchain-based payment system
Moon to Abe: 'Korea will overcome export restrictions with united power'
Moon warns Japan of bigger damage
BOK under growing pressure to cut key rates
Sharks prowling Korean beaches?
Abe jeopardizes S. Korea-US-Japan security cooperation
English-language driver's license to be issued in September
'We don't sell Japanese goods' [PHOTOS]
Japanese man booked for filming FINA athletes secretly
Samsung to roll out Note 10 here on August 23
Celebrating Korea-Czech relations
Festivals around the globe
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