Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Korea’s strong technological infrastructure, high-speed internet penetration and widespread smartphone usage create an ideal environment for Web3 and blockchain innovation to thrive, according to a Singapore-based tech and blockchain expert, Wednesday.
![[INTERVIEW] Korea's strong tech, AI leadership attracts global partnership: Singapore-based blockchain expert](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
More than nine out of 10 married couples had insufficient or no post-retirement savings, a private think tank survey showed Wednesday.
Public frustration is mounting after KB Kookmin union workers demanded a bonus of 300 percent of their base pay, in addition to 10 million won ($6,839) in cash.
Over 800 executives, team leaders, sales managers and mid-level employees of Kyobo Life attended the firm’s business strategy meeting where the company CEO outlined customer-centric innovation and needs-specific marketing as a vision for this year, the life insurer said Monday.
The country’s top five commercial lenders are expected to lower discretionary premiums, a much-criticized means of defending their profit margins even when their borrowing costs dropped due to a Bank of Korea (BOK) key rate cut, market watchers said Monday.
Retail investors in Korea increased holdings in U.S. bitcoin-related stocks as well as futures and leveraged exchange-traded funds (ETFs), frustrated by the stalled approval of spot bitcoin trading in the country, data showed Friday.
Heads of the country’s top four financial groups and their banking subsidiaries are buying shares of their companies in a show of commitment to the Corporate Value-up Program and responsible management, market watchers said Friday.
Expectations that a recent revision by the Financial Services Commission (FSC) will enable rapid, closer collaboration between financial groups and fintechs are losing pace, tempered by the failure of previous similar drives where financial service providers and their nonfinancial market peers clashed over business reach and market shares, market watchers said Thursday.The FSC said Wednesday that the cap on financial holding firms’ investments in fintechs will be set for 15 percent, eased from the previous 5 percent. This is part of an overarching drive to ease “separation of finance and industries,” a principle where the capital of financial firms and nonfinancial market players remains separate, including their equity stakes.
The Financial Supervisory Service (FSS) signed a memorandum of understanding with North Korean refugee support centers, schools and academic institutes to strengthen finance education for defectors, the financial watchdog said Thursday.
A further weakening of the Korean currency against the U.S. dollar will be limited, aided by a much-anticipated supply of U.S. dollars secured through the sale of offshore assets held by the National Pension Service (NPS), market watchers said Wednesday.