Banking & Finance

AIA Life Insurance promotes importance of good mental health

People mostly think only of their physical health, but it is also closely linked with their mental health. In a study by University College London, patients suffering from severe depression experienced 29 different physical problems, including diabetes, ischemic heart disease, chronic obstructive pulmonary disease, bacterial infections, back pain and osteoarthritis.

Jun 13, 2024By Yoon Ja-young

AIA Life Insurance promotes importance of good mental health

Microbusiness owners grapple with sharp rise in wages

Microbusiness owners are grappling with the prospect of a wage increase outpacing their profits, prompting them to closely monitor ongoing negotiations regarding next year’s minimum wage.

Jun 13, 2024By Yi Whan-woo

Microbusiness owners grapple with sharp rise in wages

Insurers begin compensation for N. Korea's trash-filled balloons

Insurance companies have begun to cover losses suffered by subscribers whose cars were damaged by North Korea's trash-filled balloons sent over the demilitarized zone in its latest provocation, according to industry sources, Wednesday.

Jun 12, 2024By Yi Whan-woo

Insurers begin compensation for N. Korea's trash-filled balloons

Traditional banks mull investment in nation's 4th internet-only bank

The Industrial Bank of Korea (IBK) is examining whether to participate in the U-Bank Consortium, which aims to become the country's fourth internet-only bank, according to sources, Wednesday. This marks the fourth time a traditional bank has signaled its intention to bid for the endeavor.

Jun 12, 2024By Lee Yeon-woo

Traditional banks mull investment in nation's 4th internet-only bank

More than 14,000 ATMs pulled from service since 2018

Eugene Investment & Securities bolsters cooperation with NYSE

Eugene Investment & Securities CEO Go Kyung-mo, right, poses with New York Stock Exchange (NYSE) Chief Product Officer Jon Herrick after discussing bilateral cooperation at the NYSE in New York, Tuesday. Eugene is bolstering services on overseas stock trading, including the recent introduction of NYSE’s Best Quote and Trades service. Courtesy of Eugene Investment & Securities

Jun 12, 2024By Yoon Ja-young

Eugene Investment & Securities bolsters cooperation with NYSE

Beauty product manufacturers draw attention in M&A market

Manufacturers of beauty products are drawing attention in the M&A market as such products are increasingly more closely linked to medical care, information and communications technology (ICT), artificial intelligence (AI) and other fast growing industries, according to industry analysts, Tuesday.

Jun 11, 2024By Yi Whan-woo

Beauty product manufacturers draw attention in M&A market

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, 2024By Yoon Ja-young

KB Kookmin Card's Indonesian subsidiary marks 30th anniversary

Self-employed individuals over 60 show lowest loan delinquency rate, still struggle to retire

A man surnmaed Hong, once an office worker and now in his late 60s, says he never thought he would be running a fried chicken restaurant for more than 10 years after his official company retirement. It was the necessity of taking out loans to deal with economic challenges during the pandemic era that changed his timeline, he said.

Jun 11, 2024By Yi Whan-woo

Self-employed individuals over 60 show lowest loan delinquency rate, still struggle to retire

Nearly 1 mil. businesses closed in 2023 due to weak domestic demand

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