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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.

'Dream Together' with Citibank Korea

Citibank Korea CEO Yoo Myung-soon, left, poses with Microcredit Joyful Union President Lee Sun-woo after signing an agreement to sponsor the Dream Together program at the bank headquarters in downtown Seoul, Monday. The bank donated 238 million won ($180,000) for this year. It has been operating diverse programs jointly with the union to help teenagers and young adults living in shelters stand on their own feet when they become adults. It includes preparation to pursue degrees, job training or internship or assistance in launching their businesses. Yoo said the bank will continue offering practical education and support to young people so they can grow into adults who give back to society. Courtesy of Citibank Korea

Apr 2, 2024By Yoon Ja-young
'Dream Together' with Citibank Korea

Rising inflation spurs surge in online fresh produce purchases

More and more shoppers in Korea are turning to online platforms to purchase fruits, vegetables, and other fresh foods, as produce prices continue to soar, resulting in the rapid growth of the e-commerce industry, according to data released on Monday.

Apr 2, 2024By Yi Whan-woo
Rising inflation spurs surge in online fresh produce purchases

Taming inflation tops election pledges of rival parties

Taming soaring inflation has taken center stage in the campaign pledges of rival parties leading up to the April general elections as high prices, particularly those of agricultural products, have emerged as a major concern for the public.

Apr 1, 2024By Yi Whan-woo
Taming inflation tops election pledges of rival parties
  • Consumer prices rise over 3% for 2nd month in March

KB's gift boxes for kids

KB Kookmin Bank employees and their family members pose after packing gift boxes containing school supplies, vitamin jellies and other items at Youngdeungpo Social Welfare Center in Seoul, Saturday. The gift boxes will be delivered to around 200 kids, including those from underprivileged households and multicultural families. Courtesy of KB Kookmin Bank

Apr 1, 2024By Yoon Ja-young
KB's gift boxes for kids

MG Community Credit's rising loan defaults prompt financial oversight

Financial authorities are set to initiate inspections of MG Community Credit Cooperatives amid an increasing risk of financial instability. This marks the first examination on MG conducted by financial regulatory authorities instead of the Ministry of the Interior and Safety, which normally supervises the credit union.

Apr 1, 2024By Lee Yeon-woo
MG Community Credit's rising loan defaults prompt financial oversight

Major banks prepare for dispute mediation over Hang Seng-tied ELS losses

Major banks have initiated measures to ensure smooth resolutions to compensate investors who suffered substantial losses from Hong Kong-tied equity-linked securities (ELS), following the lenders' acceptance of dispute resolution guidelines set by financial authorities.

Apr 1, 2024By Lee Yeon-woo
Major banks prepare for dispute mediation over Hang Seng-tied ELS losses

JB Financial to invest in motorbike transaction platform in Vietnam

JB Financial Group signed a strategic investment agreement with OKXE, a used motorcycle transaction platform in Vietnam, the financial group announced Monday.

Apr 1, 2024By Yoon Ja-young
JB Financial to invest in motorbike transaction platform in Vietnam

Former KIC chief to lead Chong Kun Dang Holdings until 2027

Choi Hee-nam has taken on his new role as the CEO of Chong Kun Dang Holdings, as his appointment was confirmed at the shareholders' meeting and the board of directors of the pharmaceutical company at the end of last month.

Apr 1, 2024By Anna J. Park
Former KIC chief to lead Chong Kun Dang Holdings until 2027

Ahnlab to raise $55 mil. via stock sale

Ahnlab on Monday announced that it will sell new shares to raise 74.4 billion won ($55 million). The proceeds from the stock offering will be used primarily to finance its operations.

Apr 1, 2024
Ahnlab to raise $55 mil. via stock sale

Banks target baseball lovers with team-tied savings offers

With the Korea Baseball Organization (KBO) League opening, banks are introducing specialized deposit offerings based on the performance of each baseball team. These products are designed to tap into fans' loyalty and passion toward professional baseball, which has the largest sports fan base in the country.

Apr 1, 2024By Lee Yeon-woo
Banks target baseball lovers with team-tied savings offers
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