Economy
Korean banks' offshore expansion drive gathers pace
Korea’s leading commercial lenders are increasing their overseas staffing alongside their assets and revenue sources, according to market data, Thursday.
May 16, 2024
Lee Kyung-min
Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
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Banking & Finance
Woori Bank joins move to establish internet-only bank
Woori Bank has joined a consortium led by Korean Credit Data (KCD) to establish the country's fourth internet-only bank, according to the lender Tuesday.
May 14, 2024
Economy
Internet-only banks outperform traditional peers on low rate-lending
The outstanding loans extended by Korea's two internet-only banks — Kakao Bank and Kbank — came to over 56 trillion won ($40 billion) in the first three months of this year, up near 15 trillion won from a year ago.
May 14, 2024
Banking & Finance
Dunamu-operated unlisted stock trading platform charms investors
Stockplus Unlisted, an unlisted stock trading platform operated by Dunamu, Korea's leading crypto exchange, provides reliable information, secure trading infrastructure and optimized functions to best cater to the needs of investors ahead of an initial public offering (IPO), market watchers said Monday.
May 13, 2024
Banking & Finance
Hana's Cheonan Culture Bank fortifies services for foreigners
Hana Bank CEO Lee Seung-lyul, fourth from left, cuts ribbons with Cheonan Mayor Park Sang-don, fifth from left, and other guests at an event celebrating the opening of the bank’s relocated branch of Cheonan Culture Bank, Monday. Hana said the branch, with a wide presence of foreign workers and families of multicultural backgrounds, will be elevated to a global community center in South Chungcheong Province. The branch offers health care services, cultural activities, job training programs for marriage immigrants as well as education venues and community spaces. Courtesy of Hana Financial Group
May 13, 2024
Economy
Fraudulent online stock advice rampant
An office worker surnamed Kim receives dozens of text messages suggesting he could make “a handsome profit in less than a month.”
May 12, 2024
Banking & Finance
Hana Financial begins annual internship program to create jobs for underprivileged
Hana Financial Group launched Hana Power-on Innovative Company Internship 2024, a job creation program for people with disabilities, women and young people, the group said Sunday.
May 12, 2024
Economy
Yoon vows support for chipmaking 'within fullest extent of fiscal means'
President Yoon Suk Yeol vowed support for semiconductor manufacturers "within the fullest extent of the fiscal means," responding to calls to provide direct government subsidies to fortify the competitiveness of the country's growth driver, which accounts for about a fifth of exports, Thursday.
May 9, 2024
Economy
Government juggles high inflation, energy rates
The government is in a tighter bind over raising the long-stalled rates of gas and electricity, stymied by high inflation, the plunging Korean currency against the U.S. dollar and geopolitical conflicts pushing up global commodity prices, market watchers said Tuesday.
May 7, 2024