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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.

Toss Securities posts Q3 profit, validating retail-driven earnings

Toss Securities turned a profit in the third quarter, driven by the growth of its international stock trading user base. The profitability achieved this quarter is due primarily to the firm's focus on its retail operations, signaling a structural improvement in its financial health.

Nov 8, 2023By Lee Yeon-woo
Toss Securities posts Q3 profit, validating retail-driven earnings

Citibank Korea hosts seminar to support corporate clients' ESG management

Citibank Korea hosted a seminar to support its corporate clients with environmental, social and corporate governance (ESG) management.

Nov 8, 2023By Yoon Ja-young
Citibank Korea hosts seminar to support corporate clients' ESG management

Kakao Bank's Q3 profit jumps 21% on higher interest income

Korean online lender Kakao Bank said Wednesday its net profit jumped 21 percent from a year earlier in the third quarter, helped by higher interest income.

Nov 8, 2023
Kakao Bank's Q3 profit jumps 21% on higher interest income

'Politically-motivated' ban on short selling darkens foreign investment prospects

A sudden ban on short-selling in Korea is fueling dispute that such a measure, widely perceived as politically motivated, will hinder the country’s effort to attract foreign investors in return for wooing Korean retail investors ahead of the general elections in 2024.

Nov 7, 2023By Yi Whan-woo
'Politically-motivated' ban on short selling darkens foreign investment prospects
  • Shares slide 2.3% after record gains over short selling ban

Kyobo Life chairman added to Insurance Hall of Fame

Kyobo Life Insurance Chairman and CEO Shin Chang-jae was named this year's Insurance Hall of Fame Laureate, one of the global insurance industry's most prestigious recognitions, often referred to as the "Nobel Prize of Insurance."

Nov 7, 2023By Anna J. Park
Kyobo Life chairman added to Insurance Hall of Fame

Korean stocks surge over 5% after gov't reinstates short-selling ban

Korean stocks closed up, Monday, at the highest rate in almost four years on the back of a complete ban on short-selling that was reinstated to crack down on illegal market practices by global investment banks and protect retail investors.

Nov 6, 2023By Yi Whan-woo
Korean stocks surge over 5% after gov't reinstates short-selling ban

Food price growth expected to stay above 5% for 3rd year in row

Prices of major grocery items have risen more than 5 percent for the first 10 months of this year amid a surge in global prices of oil and crops, and this trend is likely to continue throughout the remainder of 2023, according to data, Sunday.

Nov 5, 2023By Yi Whan-woo
Food price growth expected to stay above 5% for 3rd year in row

Hana offers $76.2 mil. in financial aid for small businesses

Hana Bank has introduced a financial aid package worth 100 billion won ($76.2 million) to lessen the financial burden of small business owners struggling with costly borrowing rates and an economic slump, the bank said Sunday.

Nov 5, 2023By Yi Whan-woo
Hana offers $76.2 mil. in financial aid for small businesses

Woori establishes regional headquarters in Bangladesh

Woori Bank said Friday that it has launched a regional headquarters in Bangladesh.

Nov 3, 2023By Lee Yeon-woo
Woori establishes regional headquarters in Bangladesh

Banks on edge amid mounting criticism from President Yoon

Leading commercial banks are being further pushed into a corner due to their “windfall profits,” as President Yoon Suk Yeol is ratcheting up criticism against the lenders in an antagonistic, and even insulting manner.

Nov 2, 2023By Yi Whan-woo
Banks on edge amid mounting criticism from President Yoon
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