Economy
MBK Partners to sell Homeplus Express
MBK Partners has initiated the process of selling Homeplus Express, the neighborhood supermarket business division of Homeplus.
Jun 3, 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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Economy
FSS chief calls for scrapping of proposed financial investment income tax
Financial Supervisory Service (FSS) Governor Lee Bok-hyun once again reiterated the need to scrap the introduction of the financial investment income tax, which is slated to be implemented early next year.
Jun 2, 2024
Banking & Finance
Daegu Bank rebrands to iM Bank as part of nationwide expansion
Starting from June 5, DGB Daegu Bank will be renamed to iM Bank, aiming to strengthen its new identity as a commercial bank nationwide.
Jun 2, 2024
Economy
Will Paik Jong-won achieve IPO dream for Theborn Korea to mark its 30th anniversary?
Theborn Korea, a food and beverage franchise business founded by celebrity chef Paik Jong-won, officially launched its listing process earlier this week, aiming to go public on the Kosdaq market during the second half of this year.
May 30, 2024
People & Events
Korea Times Forum to highlight value of diversity, equity, inclusion
The Korea Times will host a forum next week to explore the increasing importance of diversity, inclusivity and equality in Korean society. The forum will be held at Seoul's Korea Chamber of Commerce and Industry building from 9 a.m. to 12 p.m. Wednesday.
May 30, 2024
Economy
Naver Webtoon's Nasdaq IPO expected to foster growth of webtoon industry
As Naver Webtoon is anticipated to make its Nasdaq debut later this year, market interest in small and medium-sized webtoon-related companies in Korea is continuing to growing.
May 29, 2024
Economy
FSS, police uncover organized insurance fraud ring
An organized insurance fraud ring consisting of brokers, hospitals and fake patients has been uncovered. The group obtained fraudulent insurance payments totaling 2.1 billion won ($1.5 million) from insurance companies.
May 28, 2024
Economy
IMM PE initiates procedures to sell Hanatour
Hanatour, the leading company in the travel industry in Korea, officially confirmed earlier this week that its largest shareholder has decided to sell its stake in the tour company.
May 28, 2024
Banking & Finance
KB Financial to disclose plans to enhance corporate value in Q4
KB Financial Group has become the first publicly traded company to officially announce a plan to disclose its corporate value enhancement plans during the fourth quarter of this year.
May 27, 2024