Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
DGB Financial Group, the holding firm of iM Bank which was formerly DGB Daegu Bank, is strengthening efforts to bolster its corporate value, as illustrated by stock buybacks by its executives and the group head engaging in overseas investor relations activities.
iM Bank, formerly DGB Daegu Bank, has introduced a term deposit with an annual interest rate of 20 percent as part of a promotional campaign to celebrate its transition into a commercial bank, the lender announced Wednesday.
Korea could emerge as a leader in energy security in East Asia, fueled by the prospect of government-commissioned drilling for a combined 14 billion barrels of crude oil and natural gas in the East Sea, experts said Tuesday.
The Korean economy faces uncertain growth momentum for the remainder of 2024, despite a surprise 1.3 percent quarter-on-quarter growth in the first three months of this year, the chief economist at the ASEAN+3 Macroeconomic Research Office (AMRO) said.
Koo Mee-hyun, the eldest daughter of cafeteria food and ingredient supplier Ourhome founder Koo Ja-hak, has frustrated the reappointment of her youngest sister and current vice chair Koo Jee-eun, in a move to assume leadership and sell off the firm to a private equity fund (PEF) for profit, market watchers said Friday.
The foreign exchange (FX) operations of four leading commercial lenders in Korea suffered a combined loss of 300 billion won ($216 million) in the first three months of this year, hamstrung by the strong U.S. dollar, market watchers said Friday.
Korea’s level of neutral rate with financial stability factored in is higher than the level prioritized for price stability, the country’s top monetary policymaker said Thursday.
Low- and medium- credit borrowers are finding it increasingly hard to find a line of credit, marginalized by internet-only banks opting to extend loans to their high-credit peers, market watchers said Tuesday.