Banking & Finance
Major banks focus on strengthening family trust services
The market for will-substitute trusts is steadily growing with Korea's rapidly aging population.
Jun 20, 2024
Anna J. Park
Korea Times Politics & City Reporter
Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
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Banking & Finance
What should KDB do with KDB Life?
The uncertain fate of KDB Life Insurance has long presented a headache to its major shareholder, the Korea Development Bank (KDB).
Jun 19, 2024
Economy
Global online travel agencies show interest in acquiring Hanatour
Global online travel agencies are showing a growing interest in acquiring Hanatour, Korea's largest travel agency, aiming to bolster their competitiveness in Korea's outbound tourism market, industry sources said Tuesday.
Jun 18, 2024
Economy
81% of college students, 62% of employees in Asia Pacific use generative AI: Deloitte report
A survey has found that university students and corporate employees frequently use generative AI in their lives at remarkably high rates across the Asia-Pacific region.
Jun 18, 2024
Economy
Hyundai Motor Group takes 3rd in market cap
Hyundai Motor Group took the third-highest spot on the Korean stock market in terms of aggregated market capitalization, surpassing that of LG Group, Monday.
Jun 18, 2024
Banking & Finance
Rise in wealth among Korea's ultra-rich spurs demand for tailored asset management services
With the number of ultra-rich individuals as well as the amount of wealth held by them continuing to rise in Korea, demand is increasing for asset management services tailored specifically for these affluent individuals and their families.
Jun 17, 2024
Economy
Shinhan Bank, Korea Trade Insurance Corp. partner to foster 100 enterprises' exports
Shinhan Bank CEO Chung Sang-hyuk, third from left, poses with Korea Trade Insurance Corp. Chairman Jang Young-jin, second from left, after signing an agreement to support the overseas export of small and medium-sized enterprises (SMEs) at the Plaza Hotel in central Seoul, Monday. To their left is Minister of Trade, Industry and Energy Ahn Duk-geun and to their right is Financial Services Commission (FSC) Chairman Kim Joo-hyun. Shinhan Bank and Korea Trade Insurance Corp. plan to support 100 SMEs to expand overseas with export financing amounting to 1 trillion won ($725 million). Courtesy of FSC
Jun 17, 2024
Banking & Finance
Woori Financial partners with Nuveen to strengthen investment banking competitiveness
Woori Bank and Woori Asset Management formed a strategic partnership with global asset management firm Nuveen, to enhance their competitiveness in global investment banking, the bank announced Sunday.
Jun 16, 2024
Cryptocurrency
Cryptocurrency exchanges to evaluate listed coins
With the implementation of Korea's first law on virtual asset user protection, due to occur on July 19, cryptocurrency exchanges are set to comprehensively review the listing status of over 600 virtual assets currently being traded.
Jun 16, 2024
Economy
INTERVIEW Glitzy Cheongdam area of Seoul endures as ultra-luxury district
Cheongdam-dong is a representative high-end commercial neighborhood in the affluent southern part of Seoul, featuring dozens of flagship stores of global luxury brands lined up along the main street, along with fine dining and upscale lounge bars in the surrounding area.
Jun 15, 2024