Banking & Finance

KCS chief bolsters cooperation with Africa

Korea Customs Service (KCS) Commissioner Ko Kwang-ho is stepping up efforts to promote Korea’s indigenous electronic customs clearance system, UNI-PASS, after taking office in July.

Nov 1, 2023By Yi Whan-woo

KCS chief bolsters cooperation with Africa

Chip industry's exports on track for recovery

Korea's chip industry is on track for a recovery in exports, data showed, Tuesday, fueling optimism that it could help the country’s entire manufacturing industry gain momentum given that chips have been the top sales item abroad.

Oct 31, 2023By Yi Whan-woo

Chip industry's exports on track for recovery

Banking group leaders mentioned as KFB chief candidates

CEOs of the country’s major banking groups, both active and retired, are drawing attention as potential candidates to next lead the Korea Federation of Banks (KFB), a lobby group representing lenders, according to industry sources, Tuesday.

Oct 31, 2023By Yi Whan-woo

Banking group leaders mentioned as KFB chief candidates

Wealth gap widens between Korea, G7 countries

Korea is falling further behind G7 countries in gross national income (GNI) per capita, after overtaking Italy briefly in 2020 in the midst of the COVID-19 pandemic.

Oct 30, 2023By Yi Whan-woo

Wealth gap widens between Korea, G7 countries

Korea, UN run workshop for female bureaucrats from ASEAN

Statistics Korea, jointly with a U.N. body tasked with women’s empowerment, is hosting a workshop for female bureaucrats from 10 ASEAN countries, it said Monday.

Oct 30, 2023By Yi Whan-woo

Korea, UN run workshop for female bureaucrats from ASEAN

Korean banks retain NK branch licenses in case of thaw in relations

Despite strained inter-Korean relations, South Korean banks continue to hold licenses, thereby allowing them, one day, to establish branches in North Korea, if a thawing of ties occurs at some point.

Oct 30, 2023By Lee Yeon-woo

Korean banks retain NK branch licenses in case of thaw in relations

KB retains top banking group title in Q3

KB Financial Group retained its position as the top banking group in the third quarter, reaping a net profit of 1.37 trillion won ($1.01 billion), up 0.4 percent from a year earlier.

Oct 27, 2023By Yi Whan-woo

KB retains top banking group title in Q3

Government suggests gradual premium hike in pension reform

The government cited a need for a gradual hike in the premium rate for the state-run pension as it outlined a proposal for pension reform, Friday.

Oct 27, 2023By Yi Whan-woo

Government suggests gradual premium hike in pension reform

Korea Investment CEO's fate uncertain amid unfair trade controversies

Korea Investment & Securities CEO Jung Il-mun was grilled by lawmakers at a parliamentary audit session on Thursday over allegations that the company engaged in unfair trade practices as well as technology theft from a startup company.

Oct 27, 2023By Anna J. Park

Korea Investment CEO's fate uncertain amid unfair trade controversies

Hanryu Holdings rings Nasdaq bell to celebrate its listing

Hanryu Holdings, a content platform company, celebrated its listing on the Nasdaq by ringing the opening bell at the Nasdaq MarketSite in Times Square, New York, Thursday, U.S. time.