Banking & Finance

Tax shortfall could reach $25 bil.: study

The government might miss its tax collection target by up to 34.5 trillion won ($24.68 billion) this year, a shortfall much larger than the projected 29.6 trillion won, a study showed, Wednesday.

Nov 6, 2024By Yi Whan-woo

Tax shortfall could reach $25 bil.: study

Food mogul's Theborn Korea surges over 50% on market debut

Theborn Korea saw its shares surging more than 50 percent on its stock market debut, Wednesday, after garnering market attention as a food and beverage franchise led by celebrity chef Paik Jong-won.

Nov 6, 2024By Yi Whan-woo

Food mogul's Theborn Korea surges over 50% on market debut

JB Financial invites children with multicultural backgrounds to camp

JB Financial Group invited children with multicultural backgrounds and immigrant families to Wudada Camp to help them plan their career paths and become leaders of the community.

Nov 6, 2024By Yoon Ja-young

JB Financial invites children with multicultural backgrounds to camp

KT to cancel $726 mil. of stocks by 2028 for corporate value

KT, a major South Korean mobile carrier, said Tuesday it will cancel 1 trillion won ($726 million) worth of treasury shares by 2028 as part of its efforts to enhance its corporate value.

Nov 5, 2024By Yonhap

KT to cancel $726 mil. of stocks by 2028 for corporate value

Library named after MBK Partners' chairman set to open in 2027

Seoul's second municipal library, named after MBK Partners' founder and Chairman Michael ByungJu Kim, is set to open in 2027 in Seodaemun District in northwestern Seoul. It will be the first public library in Korea to adopt an automated storage and retrieval system, where robots will handle book retrieval and placement.

Nov 5, 2024By Lee Yeon-woo

Library named after MBK Partners' chairman set to open in 2027

Hanwha Group chief encourages asset management arm

Hanwha Group Chairman Kim Seung-youn visited the group’s asset management arm in person, encouraging it to embrace innovation and challenges as a global asset management firm. Also present was Hanwha Life Chief Global Officer Kim Dong-won, the chairman’s second son leading the company’s global financial business, along with the asset manager’s CEO Kim Jong-ho.

Nov 5, 2024By Yoon Ja-young

Hanwha Group chief encourages asset management arm

Kakao Pay net loss widens in Q3 on one-off factor

Kakao Pay, the online payment unit of Korean social media giant Kakao, said Tuesday its net loss widened in the third quarter from a year earlier due to a one-off factor sparked by massive payment delays by e-commerce platforms earlier this year.

Nov 5, 2024By Yonhap

Kakao Pay net loss widens in Q3 on one-off factor

AIA Life Insurance sponsors marathon for healthy community

AIA Life Insurance participated as an official sponsor for two consecutive years in the 2024 JTBC Seoul Marathon, held at the Seoul World Cup Stadium in Sangam-dong, Mapo District, Sunday.

Nov 5, 2024By Yoon Ja-young

AIA Life Insurance sponsors marathon for healthy community

Opposition agrees to scrap disputed financial investment income tax scheme

The main opposition Democratic Party of Korea (DPK) has decided to support the government's plan to scrap a controversial scheme that sought to slap taxes on incomes generated from financial investments.

Nov 4, 2024By Yi Whan-woo

Opposition agrees to scrap disputed financial investment income tax scheme

Authorities accelerate process to grant license for 4th internet bank

Financial authorities are accelerating the process for the country's fourth internet-only bank license, planning to announce the specific conditions for the new bank later this month and hold an information session for prospective applicants within the year, according to officials, Monday.

Nov 4, 2024By Jun Ji-hye

Authorities accelerate process to grant license for 4th internet bank

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