Banking & Finance
KB Kookmin Card's Indonesian subsidiary marks 30th anniversary
KB Kookmin Card celebrated the 30th anniversary of its Indonesian subsidiary KB Finansia Multi Finance (KB FMF) in Jakarta, Indonesia, Monday.
Jun 11, 2024
Yoon Ja-young
Korea Times AI content 1 team Reporter
Yoon Ja-young is in charge of articles translated by a generative AI system and edited by The Korea Times. She is interested in improving the newspaper through AI.
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Banking & Finance
Woori, LG Uplus bolster partnership in MVNO
Woori Bank CEO Cho Byung-kyu, left, poses with LG Uplus CEO Hwang Hyeon-sik after signing a memorandum of understanding (MOU) to cooperate in the mobile virtual network operator (MVNO) business at the bank's headquarters in Seoul, Monday. The bank and the telecommunication firm have been focusing on uncovering the telecommunication service needs of banking customers to launch the MVNO service this year. Following the MOU, the two plan to accelerate the development of differentiated products and services and sustainable collaboration. As the bank is advancing into the MVNO business as a part of efforts for non-banking expansion, Cho said banking-telecommunication collaboration has become necessary in the era of smartphones. Courtesy of Woori Bank
Jun 11, 2024
Banking & Finance
Hana Financial Group launches 18th team of young ambassadors
Hana Financial Group announced that it held the launching ceremony of its 18th team of SMART ambassadors, an honorary ambassadors program of the group for college students.
Jun 6, 2024
Banking & Finance
BC Card QR payment in Malaysia
BC Card Korea CEO Choi Won-seok, right, poses with Payments Network Malaysia (PayNet) CEO Farhan Ahmad, left, and Korea’s Ambassador to Malaysia Yeo Seung-bae, center, at the launching ceremony for the card company’s QR payment service in Malaysia, Thursday. The service is made available through PayNet, which operates under the Malaysian central bank. Courtesy of BC Card Korea
Jun 3, 2024
Economy
Kyrgyzstan to adopt Korea's e-procurement system
Public Procurement Service (PPS) Administrator Lim Ki-keun, fourth from left, poses with representatives of Kyrgyzstan’s finance ministry after signing a memorandum of understanding to export Korea’s electronic procurement system to Kyrgyzstan, Thursday. The system has been adopted in many countries for transparency and efficiency in government procurement. Courtesy of PPS
May 31, 2024
Companies
Hanwha named one of world's 100 most influential companies by TIME magazine
Hanwha Group was named one of the 100 most influential companies by TIME magazine. It is the only Korean business to make it to the list.
May 31, 2024
Economy
Public procurement cooperation with Manila
Public Procurement Service (PPS) Administrator Lim Ki-keun, front row second from right, poses with representatives of the Philippines’ Department of Budget and Management after a meeting in Manila, the Philippines, Tuesday. The two agreed to reinforce cooperation in public procurement, including expanding the use of Korean government-designated innovative products and improving the Philippines’ public services through the official development assistance (ODA) program. The PPS showcases innovative Korean products to foreign public institutions while helping recipient countries address social issues. Currently, a portable X-ray device developed in Korea is being used in the Philippines to combat tuberculosis as part of the project. Courtesy of PPS
May 29, 2024
Economy
Improving public procurement in Asia
Public Procurement Service (PPS) Administrator Lim Ki Keun, front row right, poses with Aman Trana, front row left, director general of the Asian Development Bank (ADB), and other participants after signing a memorandum of understanding (MOU) to expand Korea-developed electronic procurement systems throughout the Asia Pacific region, at ADB headquarters in Manila, Philippines, Monday. Following their cooperation since 2015, the new MOU focuses on enhancing procurement capabilities in Asia Pacific countries by sharing the technology and competitiveness of Korea’s procurement systems as well as improving the transparency and fairness of public procurement. Lim also met with ADB Vice President Bruce Gosper to strengthen ongoing cooperation, ensuring that Korea’s government-designated innovative and top-notch suppliers can contribute to the ADB procurement market and regional government services. Courtesy of PPS
May 27, 2024
Banking & Finance
Hana Financial Group invites employees' parents, cherishes their sacrifice
Hana Financial Group held a concert for parents of its employees to express gratitude to them on the occasion of it being the month of May, a time for family and appreciation in Korea.
May 22, 2024
Banking & Finance
Naver Pay partnership with Chiliz
Naver Pay CEO Park Sang-jin, left, shakes hands with Alexandre Dreyfus, CEO of Chiliz, after discussing business partnership plans on Tuesday at the Chiliz branch in Madrid. The two plan to pursue business cooperation for fintech and sports and entertainment service integration, including those connecting sports teams, athletes and fan communities based on fan tokens issued on Chiliz Chain, Chiliz's blockchain network. A global leader in sports and entertainment blockchain, Chiliz has issued fan tokens for over 70 world-renowned sports teams, including Tottenham Hotspur, Paris Saint-Germain, and FC Barcelona. Courtesy of Naver Pay
May 22, 2024