Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Woori Financial Group Chairman Yim Jong-yong seems to be fortifying efforts to cement his grip on leadership, as indicated by the exclusion of Woori Bank CEO Cho Byung-kyu from the group's board, market watchers said Thursday.
The Seoul branch of J.P. Morgan Securities appointed Ha Jin-soo as co-branch manager, the brokerage arm of the U.S. investment bank said Wednesday.
Rival parties are vowing to introduce populist policies ahead of the April 10 elections at the expense of fiscal soundness, economists said Wednesday.
Cho Yong-byoung, left, president of the Korea Federation of Banks (KFB), and Tadeusz Białek, his Polish counterpart, hold a copy of a signed memorandum of understanding at the KFB headquarters in Seoul, Monday. Officials of Korea and Poland held a seminar to fortify joint cooperation in the financial industry and promote financial market knowledge sharing and employee training. Courtesy of KFB
More than four in five Koreans said conflict between the political left and right is the greatest threat to social cohesion, whereas about three in four cited socioeconomic inequality as the source of an irreconcilable rift, data showed Tuesday.
KB Financial Group appointed Kwon Seon-joo as chairperson of the group’s board of directors, according to the group, Monday.
An increasing number of Korean retail investors have dumped Tesla, a U.S. automotive and clean energy firm, rattled by its stagnant first-quarter sales both in China and Europe, compounded further by production delays in Germany, data showed Monday.
Hana Bank announced the opening of an office in Budapest, Hungary's capital, on Thursday local time, aimed at assisting Korean firms bolster their presence in the region, the lender said on Friday.
All of Korea's 79 savings banks registered a combined deficit of 555.9 billion won ($415 million) last year, crippled by a surge in interest rates and the consequent unexpected growth in loss reserves, market watchers said Friday. The combined net losses snapped their eight consecutive years of robust profits.
The Bank of Korea (BOK) should be able to lower the key rate after June, reassured by an overnight U.S. Federal Reserve announcement of its plans for three rate cuts throughout the year, market watchers said, Thursday.