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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.

CEO liability: boon or bane for finance sector?

A forthcoming law aimed at holding CEOs of financial firms criminally liable for lax internal controls is drawing mixed responses. Can it help root out unethical and deceptive sales of financial products? Or Will it be exploited by financial authorities to put pressure on firms?

Feb 7, 2024By Yi Whan-woo
CEO liability: boon or bane for finance sector?

Woori Financial net profit slips nearly 20% on-year in 2023

Woori Financial Group said Tuesday its net profit dropped 19.9 percent on year to 2.51 trillion won ($1.89 billion) in 2023.

Feb 6, 2024
Woori Financial net profit slips nearly 20% on-year in 2023

Kyobo Life chief in spotlight for principle-focused management

Kyobo Life Insurance, which has operated under the same name and ownership for the past 66 years since its foundation, has continued its growth independently without external support like public funds.

Feb 6, 2024By Yoon Ja-young
Kyobo Life chief in spotlight for principle-focused management

Korea to unveil steps to ensure FX market adheres to global standards

Korea will introduce a series of measures this month to ensure that foreign exchange regulations remain in line with global standards, the Ministry of Economy and Finance said on Tuesday.

Feb 6, 2024By Yi Whan-woo
Korea to unveil steps to ensure FX market adheres to global standards

BNK Financial Group swings to loss in Q4

BNK Financial Group Inc. on Monday reported its fourth-quarter net loss of 18.7 billion won ($14 million), shifting from a profit of 58 billion won a year earlier.

Feb 5, 2024
BNK Financial Group swings to loss in Q4

OECD revises down Korea's 2024 growth outlook to 2.2%

The Organization for Economic Cooperation and Development (OECD) cut its 2024 economic growth forecast for Korea to 2.2 percent, Monday, slightly down from 2.3 percent announced in its previous forecast back in November 2023.

Feb 5, 2024By Yi Whan-woo
OECD revises down Korea's 2024 growth outlook to 2.2%

Airlines required to report annual CO2 emissions from H2

Korean airlines are required to report their annual carbon emissions to the government from later this year as lawmakers passed a related bill last week, the transport ministry said Monday.

Feb 5, 2024
Airlines required to report annual CO2 emissions from H2

IMM joins UN-backed financial network to strengthen ESG

IMM Investment has joined the United Nations Principles for Responsible Investment (UN PRI), the private equity fund (PEF) said Friday.

Feb 5, 2024By Jhoo Dong-chan
IMM joins UN-backed financial network to strengthen ESG

INTERVIEW Franklin Templeton Korea CEO aims to create most localized asset management firm

The rise in direct investments in foreign stocks and ETFs over the past few years has prompted many foreign asset management companies to withdraw from Korea. Unfazed by this trend, Franklin Templeton Investment Advisors Korea is committed to becoming the most localized firm, drawing on its 25 years of operating experience in Korea.

Feb 5, 2024By Lee Yeon-woo
[INTERVIEW] Franklin Templeton Korea CEO aims to create most localized asset management firm

Orion stock price plunges after firm's biotech investment

Orion, a leading confectionary company, experienced a more than a 20 percent fall in its stock price, after the firm decided to expand into the biotech industry.

Feb 3, 2024By Yi Whan-woo
Orion stock price plunges after firm's biotech investment
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