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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.

Poverty hits older adults harder in fast-aging society

Kim Young-soon, an office cleaner in her early 70s, says she grapples with high costs of living as her disposable income has been decreasing in recent years.

Feb 10, 2025By Yi Whan-woo
Poverty hits older adults harder in fast-aging society

Korea's 4 major banks to close more offline branches by March

Korea's four major banks will close more offline branches by March, despite their record interest income in 2024, amid a growing demand for mobile banking services, the lenders' data showed Sunday.

Feb 9, 2025By Yonhap
Korea's 4 major banks to close more offline branches by March

Woori Financial grapples with aftermath of loan scandal

A large-scale loan scandal at Woori Financial Group will have long-lasting effects on its management, disrupting its moves to diversify its business portfolio and boost profitability, experts said Sunday.

Feb 9, 2025By Lee Yeon-woo
Woori Financial grapples with aftermath of loan scandal

Big-name IPO candidates draw skepticism over LG CNS' disappointing debut

Multiple big-name companies that have garnered attention as candidates for this year’s stock market debut are now drawing skepticism over whether they can succeed in the wake of LG CNS' disappointing debut.

Feb 7, 2025By Yi Whan-woo
Big-name IPO candidates draw skepticism over LG CNS' disappointing debut

Inflation rebound rekindles stagflation concerns

A rebound in consumer inflation last month is stoking concerns that Korea may face the possibility of stagflation — a combination of stagnant economic growth and high inflation.

Feb 6, 2025By Yi Whan-woo
Inflation rebound rekindles stagflation concerns

Life insurers still favor face-to-face sales in digital era

While digitalization and non-face-to-face services have become the norm for financial institutions such as banks and credit card companies, the insurance industry is lagging behind compared to other financial sectors.

Feb 6, 2025By Jun Ji-hye
Life insurers still favor face-to-face sales in digital era

INTERVIEW Blue Ocean CEO apologizes to Korean investors, vows to rebuild trust

Blue Ocean Technologies CEO and President Brian Hyndman apologized to Korean investors who suffered financial losses after the abrupt cancellation of the system on Aug. 5, 2024, vowing to prevent such an incident from happening again.

Feb 6, 2025By Lee Yeon-woo
[INTERVIEW] Blue Ocean CEO apologizes to Korean investors, vows to rebuild trust

KakaoBank achieves record-high earnings in 2024, driven by growth of non-interest income

KakaoBank recorded an operating profit of 606.9 billion won ($418 million) and a net income of 440.1 billion won last year, driven by growth in non-interest income, fees and platform businesses. This marks an all-time high, representing year-over-year increases of 26.8 percent and 24 percent, respectively, the company said Wednesday.

Feb 5, 2025By Jun Ji-hye
KakaoBank achieves record-high earnings in 2024, driven by growth of non-interest income

Will Samsung Fire & Marine become subsidiary of Samsung Life?

Samsung Life Insurance is reviewing a plan to make Samsung Fire & Marine Insurance its subsidiary following the latter’s recent announcement of corporate value enhancement strategies, according to industry sources, Wednesday.

Feb 5, 2025By Jun Ji-hye
Will Samsung Fire & Marine become subsidiary of Samsung Life?

Trump's tariff war heightens need for supplementary budget

Korea is facing growing calls for a supplementary budget to prop up its sagging economy as the escalating global trade war ignited by U.S. President Donald Trump’s hostile tariff policies against trading partners will likely put a dent in its exports, economists and scholars said Tuesday.

Feb 4, 2025By Yi Whan-woo
Trump's tariff war heightens need for supplementary budget
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