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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.

Shinhan streamlines organizational structure

Shinhan Financial Group has slimmed down its holding company's structure, while retaining all of the CEOs of its subsidiaries in the latest round of staff assignments. The lender said the year-end executive appointments announced on Tuesday reflect a strategy of proactively enhancing efficiency and productivity in response to an anticipated economic downturn next year.

Dec 19, 2023By Lee Yeon-woo
Shinhan streamlines organizational structure

Korea suffers OECD's highest old-age poverty rate

Korea has the highest poverty rate of senior citizens in the Organisation for Economic Co-operation and Development (OECD), with 40.4 percent of those aged 65 or older having an income lower than half the median income of the total population, according to an OECD report, Tuesday.

Dec 19, 2023By Yi Whan-woo
Korea suffers OECD's highest old-age poverty rate

Finance minister nominee vows to speed up trade diversification

Finance Minister nominee Choi Sang-mok pledged, Tuesday, to speed up diversifying Korea’s trade partnerships with more nations as a likely unprecedented yearly trade deficit with China looms at the end of 2023.

Dec 19, 2023By Yi Whan-woo
Finance minister nominee vows to speed up trade diversification

Mirae Asset chairman named 'Executive of the Year'

Mirae Asset Group Chairman Park Hyeon-joo, the founder of the group, will receive the International Executive of the Year Award at the annual meeting of the Academy of International Business (AIB) scheduled to take place in Seoul next year.

Dec 19, 2023By Yoon Ja-young
Mirae Asset chairman named 'Executive of the Year'

KB enhances in-person customer banking during lunch hour

KB Kookmin Bank said, Monday, every employee will stand by and help customers during lunch hour at five of its branches in Seoul’s heavily populated business districts.

Dec 19, 2023By Yi Whan-woo
KB enhances in-person customer banking during lunch hour

Number of foreign nationals in Korea rises to record high of 1.43 mil.

The number of foreign nationals residing in Korea hit a record high of 1.43 million in May, data showed, Monday, amid a continuous decline in the total population of the country that is increasingly reliant on immigrants to remain above the 50 million mark.

Dec 18, 2023By Yi Whan-woo
Number of foreign nationals in Korea rises to record high of 1.43 mil.

Kakao's labor union calls for heads of entertainment unit to resign over stock manipulation allegations

The labor union of Kakao, Korea's top messenger operator, on Monday called for the heads of the company's entertainment unit to step down, as Kakao Entertainment is mired in allegations of stock price fixing.

Dec 18, 2023
Kakao's labor union calls for heads of entertainment unit to resign over stock manipulation allegations

Hana fosters digital data professionals

A total of 30 employees of Hana Financial Group have completed its special program aimed at fostering digital professionals on financial data and better serving customers, the banking group said Sunday.

Dec 17, 2023By Yi Whan-woo
Hana fosters digital data professionals

Korean battery stocks gain ground over highly-anticipated US rate cuts

Korean secondary battery stocks are gaining ground as investors anticipate a bullish shift in the industry following the U.S. Federal Reserve’s expected rate cuts next year.

Dec 17, 2023By Yi Whan-woo
Korean battery stocks gain ground over highly-anticipated US rate cuts

Hankook & Company shares plummet after honorary chairman buys huge stake

Shares of Hankook & Company lost over 25 percent in value Friday, essentially ending a feud over management control between Chairman Cho Hyun-bum and advisor Cho Hyun-shick.

Dec 15, 2023By Lee Kyung-min
Hankook & Company shares plummet after honorary chairman buys huge stake
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