Banking & Finance

Insurers rush to introduce products tailor-made for diverse age groups

Insurance companies are rushing to introduce tailor-made medical insurance packages for customers in a wider range of age groups ― from newborns to preschool children, teenagers, salaried workers in their 20s to 40s and retirees aged 60 or older.

Oct 13, 2023By Yi Whan-woo

Insurers rush to introduce products tailor-made for diverse age groups

BOK likely to freeze key rate again amid colliding risks

The Bank of Korea (BOK) is anticipated to leave the policy rate unchanged again in its upcoming rate-setting meeting scheduled for next Thursday, to counter colliding financial risks increasingly complicating the country’s path to economic recovery.

Oct 13, 2023By Yi Whan-woo

BOK likely to freeze key rate again amid colliding risks

Foreign investors dump Korean stocks, bonds amid rising US market rates

IBK, Bpifrance sign deal to support SMEs

The Industrial Bank of Korea (IBK) signed a memorandum of understanding (MOU) with Bpifrance, a public investment bank, to bolster cooperation between the two countries on supporting small- and medium-sized enterprises (SMEs), the IBK announced on Thursday.

Oct 12, 2023By Yi Whan-woo

IBK, Bpifrance sign deal to support SMEs

Ex-Shinhan executive brings credibility as biggest IR asset at battery materials maker

Yu Sung-hun, a former executive at Shinhan Financial Group, finds credibility as the biggest asset that he brings to L&F, a battery materials maker where he was scouted as the chief financial officer (CFO) in September.

Oct 12, 2023By Yi Whan-woo

Ex-Shinhan executive brings credibility as biggest IR asset at battery materials maker

Sugar, salt prices surge due to climate change

Sugar and salt prices are surging, raising concerns that the hikes will push up consumer inflation which accelerated in September for the second month in a row.

Oct 11, 2023By Yi Whan-woo

Sugar, salt prices surge due to climate change

Eximbank's lending limits hinder Korea-Poland arms deal

The maximum legal cap on the loans and guarantees provided by the Export-Import Bank of Korea (Eximbank) on government-backed exports is standing in the way of Korea’s biggest-ever arms deal with Poland.

Oct 11, 2023By Yi Whan-woo

Eximbank's lending limits hinder Korea-Poland arms deal

KakaoBank to acquire 10% stake in Southeast Asian digital-focused Superbank

KakaoBank is making a long-anticipated entry into the Southeast Asian market through a strategic partnership with Grab Holdings Limited, operator of the region's largest super app, Grab.

Oct 10, 2023By Lee Yeon-woo

KakaoBank to acquire 10% stake in Southeast Asian digital-focused Superbank

Israel-Hamas war likely to increase demand for safe-haven assets

The surprise attack by Hamas militants on Israel, Saturday, is prompting speculation that mounting tension in the Middle East will stoke demand in Seoul for gold, the U.S. dollar, U.S. Treasury bonds and other safe-haven assets.

Oct 9, 2023By Yi Whan-woo

Israel-Hamas war likely to increase demand for safe-haven assets

Samsung, LG, Hyundai, Korean Air on alert as Israel battles Hamas

Best-selling novel of MBK Partners' founder to be made into movie

A best-selling novel written by MBK Partners’ founder and chairman Michael ByungJu Kim will be made into a movie, his company announced on Tuesday.