Banking & Finance

Hanwha supports Vietnam's future fintech leaders

Students from Vietnam-Korea University of Information and Communication Technology participate in the VKU Fintech Student Excellence Program at Hanwha Life training center in Yongin, Gyeonggi Province, Wednesday. The insurer is supporting the program to nurture fintech experts in Vietnam. Courtesy of Hanwha Life

Oct 31, 2024By Yoon Ja-young

Hanwha supports Vietnam's future fintech leaders

KRX competence in doubt again as Toss goes for US listing

The competence of the Korea Exchange (KRX), the country's sole bourse operator, is in doubt again as the operator of fast-growing financial app Toss is opting for the United States over Korea in its plan to go public.

Oct 31, 2024By Yi Whan-woo

KRX competence in doubt again as Toss goes for US listing

Head of KakaoBank's global biz team receives presidential commendation

Lee Su-young, also known as David Lee, head of the Global Business Team at KakaoBank, has successfully led the first overseas entry of a domestic internet bank through strategic partnerships with local companies.

Oct 31, 2024By Jun Ji-hye

Head of KakaoBank's global biz team receives presidential commendation

Korea Zinc to issue new shares amid ongoing business feud

Korea Zinc announced, Wednesday, that it will issue new shares that will account for about 20 percent of all shares currently traded on the market.

Oct 30, 2024By Yi Whan-woo

Korea Zinc to issue new shares amid ongoing business feud

Kimchi-making costs about 20% higher than last year

The season has come for Korean households to prepare kimchi that will last for winter, but the cost of making kimchi this year is about 20 percent higher than last year as the prices of napa cabbage, radishes and other major ingredients have gone up, according to a study released Wednesday.

Oct 30, 2024By Yi Whan-woo

Kimchi-making costs about 20% higher than last year

Major banks accelerate preparations to enter tokenized securities market

Major banks are accelerating their preparations to enter the tokenized securities market, as the reintroduction of a bill at the National Assembly to institutionalize security token offering (STO) is raising expectations for the market once again.

Oct 29, 2024By Jun Ji-hye

Major banks accelerate preparations to enter tokenized securities market

Stock price surge boosts Meritz to outcompete banking groups

A nearly two-fold increase in its stock price is pushing Meritz Financial Group to grow bigger than some of the major banking groups in market capitalization.

Oct 28, 2024By Yi Whan-woo

Stock price surge boosts Meritz to outcompete banking groups

Brokerage houses push to attract banking customers in pension market

Securities firms seek to draw new customers in the booming pension market that is largely dominated by banks, on the occasion of a new regulation that will take effect Thursday.

Oct 28, 2024By Yi Whan-woo

Brokerage houses push to attract banking customers in pension market

Korea Capital Market Conference 2024 to offer insights for investors

The country’s bourse operator Korea Exchange (KRX) will hold the Korea Capital Market Conference 2024 on Nov. 4 and 5, offering a venue for discussing and communicating about the challenges and opportunities in Korea's capital market.

Oct 28, 2024

Korea Capital Market Conference 2024 to offer insights for investors

Financial groups report record-high net profits in Q3 despite declining interest margins

Major domestic financial groups have achieved record-high net profits, exceeding 4 trillion won ($2.9 billion) through the third quarter of this year, according to industry officials, Sunday.

Oct 27, 2024By Jun Ji-hye

Financial groups report record-high net profits in Q3 despite declining interest margins

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