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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Leadership changes loom at Woori, NongHyup banks amid scandals

With the terms of major bank CEOs set to expire at the end of this year, all eyes are on what lies ahead for them.

Nov 25, 2024By Jun Ji-hye
Leadership changes loom at Woori, NongHyup banks amid scandals

INTERVIEW Frefins brings new rental transformation concept to $72 bil. market

Coway’s introduction of rentable water purifiers to the Korean market in 1998 transformed the consumption model, leading many consumers to choose rental services over purchasing products.

Nov 23, 2024By Jun Ji-hye
[INTERVIEW] Frefins brings new rental transformation concept to $72 bil. market

Eximbank, Naver to collaborate in global expansion

The Export-Import Bank of Korea (Eximbank) signed a memorandum of understanding (MOU) with Naver and Naver Cloud for mutual collaboration to strengthen their competitiveness in global expansion, the bank announced Friday.

Nov 22, 2024
Eximbank, Naver to collaborate in global expansion

Bourse operator moves to instantly delist unqualified firms

The Korea Exchange (KRX) is considering the immediate removal of listed companies from the stock market, if they receive an inadequate rating for trading for two straight years, according to sources familiar with the matter, Friday.

Nov 22, 2024By Yi Whan-woo
Bourse operator moves to instantly delist unqualified firms

Mirae Asset brings over $7.84 bil. profit for overseas stock investors

Mirae Asset Securities saw its customers’ investment return from overseas shares increase by over 11 trillion won ($7.84 billion) from the beginning of this year, the company announced Friday.

Nov 22, 2024By Yi Whan-woo
Mirae Asset brings over $7.84 bil. profit for overseas stock investors

Ex-Woori Financial chairman faces prospect of arrest over inappropriate loans to relatives

The prosecution requested an arrest warrant for former Woori Financial Group Chairman Son Tae-seung, Friday, over allegations that Woori Bank — under the group — extended improper loans to Son's relatives and acquaintances while he was in office.

Nov 22, 2024By Lee Yeon-woo
Ex-Woori Financial chairman faces prospect of arrest over inappropriate loans to relatives

What will change if deposit insurance limit doubles to $70,000?

The government-led deposit insurance coverage will double to 100 million won ($71,464), marking the first increase since the policy's introduction 23 years ago. If the revised law passes the Assembly as planned, significant capital flows are predicted, market insiders said Friday.

Nov 22, 2024By Lee Yeon-woo
What will change if deposit insurance limit doubles to $70,000?

Travel stocks on upward trajectory over China's visa-free policy

Travel companies see their target price going upward on the stock market, driven by China’s unprecedented visa-free policy to attract Korean tourists.

Nov 21, 2024By Yi Whan-woo
Travel stocks on upward trajectory over China's visa-free policy

2nd Trump presidency could trigger stagflation: Nobel economist

U.S. President-elect Donald Trump could spark stagflation in America if he implements higher tariffs and other economic pledges in his second term, a Nobel Prize-winning economist said Thursday.

Nov 21, 2024By Yi Whan-woo
2nd Trump presidency could trigger stagflation: Nobel economist

Solid teamwork makes large-scale crackdown possible on wildlife smuggling

Smuggling a Komodo dragon onto a passenger plane is ludicrous and nonsensical, especially when the smuggler tries to secretly carry the world’s largest living lizard wrapped up in underwear.

Nov 21, 2024By Yi Whan-woo
Solid teamwork makes large-scale crackdown possible on wildlife smuggling
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