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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.

Underwriters face class action suit over fraudulent IPO of Fadu

Korea Investment & Securities and NH Investment & Securities are to be mired in a class action lawsuit due to the controversial IPO of Fadu, a fabless semiconductor unicorn company that went public in early August.

Nov 16, 2023By Anna J. Park
Underwriters face class action suit over fraudulent IPO of Fadu

Cho Yong-byoung nominated as next KFB leader

Cho Yong-byoung, former chairman of Shinhan Financial Group, has been chosen as the next leader of the Korea Federation of Banks (KFB), Thursday.

Nov 16, 2023By Lee Yeon-woo
Cho Yong-byoung nominated as next KFB leader

Hana Financial Group chief joins Zero Disposable Challenge

Hana Financial Group Chairman Ham Young-joo participated in the Zero Disposable Challenge, which aims to reduce the use of disposable products in daily life by making the use of reusable products a daily habit.

Nov 16, 2023By Yoon Ja-young
Hana Financial Group chief joins Zero Disposable Challenge

Korea Investment & Securities, NH Securities slammed for IPO fiasco

Korea Investment & Securities and NH Investment & Securities are under fire over suspected fraudulent initial public offering (IPO) of a startup company that they served as co-underwriters. It was listed on the secondary bourse Kosdaq in August.

Nov 15, 2023By Yi Whan-woo
Korea Investment & Securities, NH Securities slammed for IPO fiasco

Banks' rates for fresh loans rise in October

The average lending rate for major banks in Korea for mortgage loans increased from a month earlier in October, data showed Wednesday.

Nov 15, 2023
Banks' rates for fresh loans rise in October

Naver Pay's QR payment becomes available in 42 countries

Naver Pay has significantly increased its overseas payment network, spanning over 42 countries in Asia, Europe, the U.S. and Australia.

Nov 15, 2023By Anna J. Park
Naver Pay's QR payment becomes available in 42 countries

Nearly 70% of listed Korean firms undervalued

Nearly 70 percent of the Korean companies listed on the benchmark KOSPI are valued at less than their liquidation value, data showed, Wednesday, highlighting concerns over the chronic “Korea discount” or tendency for stocks listed on the bourse to be traded at a discount compared to other markets.

Nov 15, 2023By Yi Whan-woo
Nearly 70% of listed Korean firms undervalued

President says short selling ban will last indefinitely

President Yoon Suk Yeol said on Tuesday that the ban on short selling will continue indefinitely after it was reinstated for the first time in three years, until the government comes up with fundamental measures to root out illegal market practices.

Nov 14, 2023By Yi Whan-woo
President says short selling ban will last indefinitely

MG Community Credit Cooperatives to undergo major restructure

MG Community Credit Cooperatives is set to undergo major shifts in its leadership and management system by weakening the authority concentrated on its chairman and by restructuring the entire system under a newly established professional CEO position.

Nov 14, 2023By Anna J. Park
MG Community Credit Cooperatives to undergo major restructure

MetLife Korea offers integrated retirement solution

MetLife Korea has shown a strong focus on customer care with 360Future, a comprehensive retirement solution that the insurer launched on Sept. 4.

Nov 14, 2023By Yoon Ja-young
MetLife Korea offers integrated retirement solution
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