Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
A group of lawyers has filed a complaint against the Hong Kong offices of BNP Paribas and HSBC with the Seoul Southern Prosecutors’ Office, Sunday, over a combined 56 billion won ($42 million) in suspected naked short selling, according to market watchers, Monday.
KB Financial Group recommended extending the term of KB Kookmin Bank CEO Lee Jae-keun, the lender said Friday.
Eliminating illegal short selling is a task far more pressing than the country making the Morgan Stanley Capital International (MSCI) World list, a benchmark for global stock market funds, the country’s financial regulator said, Friday.
The Bank of Korea (BOK) lowered its 2024 economic growth outlook for Korea to 2.1 percent, Thursday, down from a forecast of 2.2 percent made in August, citing weakening consumption and restrictive monetary policies at home and abroad. This year’s growth projection of 1.4 percent was left unrevised.
Over 250 local exporters and 90 foreign firms from 21 countries attended Global Public Procurement Marketplace (GPPM) 2023, to foster investor relations and fortify business networks, the country’s public procurement service agency said on Wednesday.
KB Financial Group held the first exhibition of its "Star Friends" characters, Tuesday, according to the firm.
Insurers are expected to lower annual car insurance rates by 3 percent, in line with a “mutual growth” drive spearheaded by President Yoon Suk Yeol, market watchers said Tuesday.
A record-number of credit card users have resorted to revolving credit, a major indicator of credit risk, cornered by a rise in both interest rates and the prices of goods and services, data showed Monday.
KB Financial Group held the KB Tech Forum to share know-how and growth strategies regarding the group’s businesses in the tech, data, artificial intelligence (AI) and digital sectors, the group said Monday.