Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Further deterring them are increasing needs to strengthen their pool of skilled brokerage general agents (GAs), tied closely to the firm's revenue. Buyers consider investing in talent acquisition for the agents a more effective strategy to generate substantial and sustainable returns, since merely finalizing the merger does not ensure immediate profit.
Shinhan Financial Group's plan to buy back and cancel shares worth 3 trillion won ($2.1 billion) by 2027 is generating significant market enthusiasm, as evidenced by the share price registering an intraday high of 64,200 won, market watchers said Monday. It came close to the previous all-time high of 64,785 won achieved in 2007.
The short-term future course of the country's major local bourse KOSPI faces a mixed outlook, complicated by rate cut prospects for the U.S. and Japan as well as cooler-than-expected macroeconomic data associated with a sustained economic slowdown, market watchers said Monday.
Emergency funds totaling $50 million (70 billion won) pledged by Ku Young-bae, founder and CEO of Qoo10, is hardly enough to resolve recent settlement failures of over 170 billion won incurred by its two beleaguered subsidiaries, TMON and WeMakePrice, according to financial regulators, Sunday.
A growing number of retail investors are expressing frustration over a series of what they consider "misleading" reports of brokerages on the much-disputed merger plan of Doosan Group's two affiliates of widely differing revenue capabilities, market watchers said Sunday.
The country’s top four financial groups reported record-high net profits in the second quarter, underpinned by strong growth of interest income despite heavier burdens of loan loss provisions allocated to mitigate the stagnant performances of their troubled derivatives, market watchers said Friday.
Standard Chartered (SC) Bank Korea introduced a deposit account that will generate up to 4 percent annual interest income. This rate consists of a 0.1 percent base rate and a 3.9 percent discretionary rate.
A growing number of local commercial lenders are denying accounts receivable loans to small merchants on WeMakePrice and TMON, the two beleaguered e-commerce firms operated by Qoo10 at the center of a settlement failure fiasco over the past few weeks, market watchers said Thursday.
A group of unionized workers of Tongyang Life and ABL Life called on Woori Financial Group to guarantee continued employment and independent management of their employers, Wednesday, in what they said was the only recourse to avoid a “vulturistic” takeover by Woori.
A growing number of Korean financial market players are showing signs of extended profit in Vietnam, a feat achieved after years of a downturn brought on by the COVID-19 pandemic, market watchers said Wednesday. Included are Woori Bank, Hanwha Life and Lotte Card.