Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Hana Financial Group’s net profit in the first three quarters came to 3.22 trillion won ($2.3 billion), including 1.15 trillion won for the July-September period, the group said Tuesday.
A foreign student at Yonsei University said she received a pop-up on her phone as she was trying to log into her bank account to check her balance.
Korea Zinc, locked in a feud against the Young Poong and MBK Partners alliance over managerial control of the zinc smelter, said Monday that the firm and its ally Bain Capital, a private equity firm, have secured about 2.33 million of its shares, only about half of the over 4.14 million shares sought.
The rapid depreciation of the Korean currency against the U.S. dollar will emerge as a critical factor determining the pace of rate cuts in the months to come, according to the country’s top monetary policymaker.
NH NongHyup Bank is under police investigation over a fraudulent loan granted to a borrower that used falsified documents, according to market watchers.
Korea’s per capita gross domestic product (GDP) will exceed $36,000 (49.6 million won) this year, continuing to outpace Japan and Taiwan for the second consecutive year, according to a report by the International Monetary Fund (IMF).
A growing number of commercial lenders are seeking to form and renew partnerships with cryptocurrency exchanges, spurred by the diminished overall risk of digital currency custody and trading service providers, market watchers said Wednesday.
About one out of every four workers in Korea is 60 or older, surpassing the proportion of those aged 50 to 59, amid the country's rapidly aging demographic.
National Pension Service in Jeonju, North Jeolla Province / Courtesy of NPSBy Lee Kyung-minA coalition of commercial lenders, insurers, brokerages and asset managers is fortifying its campaign against the entry of National Pension Service (NPS) into the privately run lump-sum severance pay-funded market of nearly 400 trillion won ($290 billion), observers said Monday. At issue is stagnant returns on the privately run market funds limited to around 2 percent, far lower than 7 percent generated by the NPS.The political circle at large is in agreement with the reform of the privately run funds. The main opposition Democratic Party of Korea (DPK) say higher income for many seniors in post-retirement life standards is a desirable objective long embraced by the labor. The ruling People Power Party (PPP) says the NPS presence will foster healthy competition, elevating the country’s severance payment operation capabilities. However, the coalition says market inefficiency will heighten, influenced almost exclusively by the NPS with a sheer portfolio volume of around 1,400 tril