Korea Times Finance Reporter
Hello, I am Jun Ji-hye, a reporter at The Korea Times. I primarily cover financial authorities and write articles on a wide range of topics related to finance and capital markets. If you have any information to share, feel free to email me at jjh@koreatimes.co.kr, and I will review it carefully. I am committed to always doing my best to communicate with readers through high-quality articles.
Cash-strapped e-commerce platforms TMON and WeMakePrice applied for corporate rehabilitation, Monday, amid a massive cash crunch that has caused delays in payments to sellers and refunds to customers, according to the Seoul Bankruptcy Court and the companies.
Kiwoom Securities has acquired permission from the Ministry of Economy and Finance to provide general money exchange service to customers, the brokerage said, Friday.
During the first three months of Donald Trump's presidency in 2017, stocks in Korea's construction and information technology sectors rose significantly, while auto and steel stocks declined.
Korea Fintech Week 2024 will kick off on Aug. 27 for a three-day run at Dongdaemun Design Plaza (DDP) in Seoul, bringing together participants from the country’s leading fintech firms, financial companies and universities as well as overseas governments and institution.
Former Korean national weightlifter Jeon Sang-guen will participate in the weightlifting medal ceremony at the 2024 Paris Olympics, scheduled for Aug. 9, where he will receive his belated 2012 London Olympic bronze medal, according to the Korea Minting and Security Printing & ID Card Operating Corp. (KOMSCO), Thursday.
Although financial authorities have been working to prevent the arbitrary closures of banking facilities to ensure that consumers still have access to financial services, automatic teller machines (ATMs) have been disappearing at a rapid pace in recent years as financial institutions cut costs, according to a ruling party lawmaker, Tuesday.
The Financial Supervisory Service (FSS), the country’s financial watchdog, is considering enhancing regulations on the sales of high-risk financial products as part of efforts to prevent the recurrence of significant losses suffered by customers who invested in equity-linked securities (ELS) products tied to the Hong Kong stock market.
Banks have expanded services powered by artificial intelligence (AI) aggressively amid a rapid digital transformation across sectors, and customer service was one of the first areas to be affected by this initiative.
The total balance of individual retirement pensions (IRP) of Korea's five major banks has surged by more than 11 trillion won ($7.9 billion) over the past year to exceed 50 trillion won for the first time, according to industry officials Monday.
Digital-based comparison and recommendation services in travel insurance and pet insurance products have made their debut in Naver Pay and Kakao Pay, respectively, but skepticism is arising about the effectiveness of these services due to the absence of key players.