Banking & Finance

Goldman Sachs appoints new co-country head of Korea

Goldman Sachs announced the appointment of Ahn Jae-hoon as co-country head of Korea, as well as head of investment banking in Korea and co-branch manager of Goldman Sachs Seoul Branch. He will join Goldman Sachs as a managing director in mid-August.

Jul 22, 2024By Yoon Ja-young

Goldman Sachs appoints new co-country head of Korea

Quality jobs for retirees crucial as Korea quickly heads toward super-aged society

Shin Jung-rok, a retired mid-level official from a district office in Gyeonggi Province, recently left his last job as a security guard at an office building in Seoul.

Jul 20, 2024By Yi Whan-woo

Quality jobs for retirees crucial as Korea quickly heads toward super-aged society

1 out of 4 Koreans in 20s paid less than minimum wage

One out of four salaried workers aged between 20 and 24 in Korea receive less than minimum wage, data showed, Friday.

Jul 19, 2024By Yi Whan-woo

1 out of 4 Koreans in 20s paid less than minimum wage

Banks benefit from gov't pressure to raise mortgage rates

Commercial banks are apparently enjoying windfall profits again, driven by the government’s pressure to hike mortgage rates that allow the lenders to reap massive interest income.

Jul 19, 2024By Yi Whan-woo

Banks benefit from gov't pressure to raise mortgage rates

'Travel card' market becomes red ocean as rivalry intensifies

NH Nonghyup Financial Group marks the last of the top five financial groups to enter the competitive market for specialized cards targeting Koreans traveling overseas. With the market already saturated, intense competition is anticipated among companies to differentiate their products.

Jul 19, 2024By Lee Yeon-woo

'Travel card' market becomes red ocean as rivalry intensifies

Government urged to tackle rising Seoul home prices

The government is urged to curb home prices in Seoul as they have been accelerating at a faster pace for months and heighten concerns over the overpriced housing market in the nation's most densely-populated city.

Jul 18, 2024By Yi Whan-woo

Government urged to tackle rising Seoul home prices

Chaebol families sell over $3.6 bil. worth stocks over 18 months

Chaebol families unloaded over 5 trillion won ($3.62 billion) worth of shares over the last year and a half, including 3.31 trillion won from the mother and two younger sisters of Samsung Electronics Executive Chairman Lee Jae-yong, data showed Wednesday.

Jul 17, 2024By Yi Whan-woo

Chaebol families sell over $3.6 bil. worth stocks over 18 months

Korean stocks' fortunes diverge after attempted assassination of Trump

Former U.S. President Donald Trump’s possible return to the White House is believed to be affecting the value of listed Korean firms on the benchmark KOSPI.

Jul 17, 2024By Yi Whan-woo

Korean stocks' fortunes diverge after attempted assassination of Trump

Korea likely to face higher defense cost pressure if Trump is re-elected

MetLife Korea nurtures 'expert agents' to help customers with insurance, estate planning

MetLife Korea is enhancing training and operational support for its financial sales representatives (FSRs), so that it can meet increasing demand for expert services among corporate and high-net-worth clients, the insurer said Wednesday.

Jul 17, 2024By Yoon Ja-young

MetLife Korea nurtures 'expert agents' to help customers with insurance, estate planning

IMF revises up Korea's 2024 growth forecast to 2.5%

The International Monetary Fund (IMF) revised up its 2024 economic growth outlook for Korea to 2.5 percent, Tuesday, up from a previous forecast of 2.3 percent announced in April.

Jul 16, 2024By Yi Whan-woo

IMF revises up Korea's 2024 growth forecast to 2.5%

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