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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.

JB Financial honored for excellence in transparency as listed firm

JB Financial Group was named an outstanding listed firm of 2024 for its transparency and credibility in providing corporate information to investors, the company said Thursday.

Feb 27, 2025By Yi Whan-woo
JB Financial honored for excellence in transparency as listed firm

Koreans spare no expense on travel, leisure despite economic downturn

Kim Dong-min, a manager in his 40s at a Korean conglomerate, says he has been traveling abroad twice a year with his family since the end of the COVID-19 pandemic, even though his wage has not increased much compared to the surging cost of living.

Feb 27, 2025By Yi Whan-woo
Koreans spare no expense on travel, leisure despite economic downturn

Commercial banks rush to cut loan rates after BOK's monetary easing

Commercial banks are rushing to cut their loan interest rates following the Bank of Korea's (BOK) latest 25 basis-point cut to the benchmark interest rate, according to industry officials Wednesday.

Feb 26, 2025By Yi Whan-woo
Commercial banks rush to cut loan rates after BOK's monetary easing

Kbank becomes 1st online-only lender to launch AI model with strong emphasis on privacy

Kbank has adopted a large language model (LLM) on its path to becoming an artificial intelligence (AI)-powered bank, the internet-only lender said Wednesday.

Feb 26, 2025By Yi Whan-woo
Kbank becomes 1st online-only lender to launch AI model with strong emphasis on privacy

Toss aims to attract 50% of users from outside Korea in 5 years

Toss vowed to have overseas foreign nationals make up half of its total users within five years as it moves toward becoming a "global financial super-app," the company's CEO said Wednesday.

Feb 26, 2025By Lee Yeon-woo
Toss aims to attract 50% of users from outside Korea in 5 years

Pet owners suffer 'petflation' amid surging import prices

Kim Kyu-mi, a hairdresser in her 30s with six puppies, says she seriously thinks about hiking the price for her services — from haircuts, perms and styling to other treatments — due to the growing costs of feeding her dogs as a single working woman in Seoul.

Feb 26, 2025By Yi Whan-woo
Pet owners suffer 'petflation' amid surging import prices

Woori, KB seek to heal internal divides, eliminate favors for retirees

Major commercial banks are pushing to heal internal divides through teambuilding gatherings and other relevant activities, as they continue to speed up internal regulatory overhauls, bank officials said Monday.

Feb 25, 2025By Yi Whan-woo
Woori, KB seek to heal internal divides, eliminate favors for retirees

AIA Life Korea honors long-term MDRT members

AIA Life Korea reaffirmed its commitment to supporting the long-term growth of financial service professionals by recognizing outstanding insurance agents at the 2025 Million Dollar Round Table (MDRT) Conference.

Feb 24, 2025By Jun Ji-hye
AIA Life Korea honors long-term MDRT members

Concerns grow over absence of Korean financial leaders at global meeting

Acting President Choi Sang-mok, who is also the minister of economy and finance, will not attend this year’s first meeting of finance ministers and central bank governors from G20 member nations, fueling concerns over Korea’s absent leadership on the global financial stage, according to experts, Monday.

Feb 24, 2025By Yi Whan-woo
Concerns grow over absence of Korean financial leaders at global meeting

Financial groups to reshuffle outside directors for internal reform

Major financial groups are seeking to carry out large-scale reshuffles of outside directors at their respective shareholders’ meetings next month, as part of efforts to enhance internal regulatory controls, according to industry officials, Friday.

Feb 21, 2025By Yi Whan-woo
Financial groups to reshuffle outside directors for internal reform
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