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Interest rate reversal

A banner shows that fixed mortgage rates are lower than variable interest rates at a commercial bank branch in central Seoul, Monday. The reversal came after the Bank of Korea's decision to raise its key interest rate by 25 basis points to 1.75 percent, Friday. / Yonhap

Dec 3, 2018By Jhoo Dong-chan
Interest rate reversal

KB supports patriots

KB Kookmin Bank CEO Hur Yin, left, poses with Republic of Korea (ROK) Army Corporal Park Pil-won, middle, and Vice Defense Minister Seo Joo-seok at the ROK Army Hall in central Seoul, Friday. KB Kookmin Bank said Corporal Park had been selected as a recipient of the bank's charity project for servicemen. The bank will pay medical expenses for Park's sister who suffers from a rare disease. / Courtesy of KB Kookmin Bank

Dec 2, 2018By Jhoo Dong-chan
KB supports patriots

Helping local startups

KB Financial Group Chairman Yoon Jong-kyoo, right, holds a signed memorandum of understanding with Korea International Trade Association CEO Kim Young-ju at the group's headquarters in Yeouido, Seoul, Nov. 30. The two leaders agreed to boost cooperation to help local startups with overseas expansion. Courtesy of KB Financial Group.

Nov 30, 2018By Lee Kyung-min
Helping local startups

Making kimchi for the elderly

Mirae Asset Global Investments employees make kimchi at a welfare center in Jongno, Seoul, Nov. 29. About 300 employees participated in making kimchi for low-income elderly people over the past week. Courtesy of Mirae Asset Global Investments

Nov 30, 2018
Making kimchi for the elderly

Meeting to review economy

Finance Minister Kim Dong-yeon, right, shakes hands with Fitch Ratings President Ian Linnell, ahead of their meeting in London, Nov. 28. Kim said Korea plans to carry out an expansionary fiscal policy to revive corporate investment and create jobs. Fitch has been maintaining Korea's sovereign rating at “AA-“ with a stable outlook for six years. Courtesy of Ministry of Economy and Finance

Nov 29, 2018
Meeting to review economy

Crackdown on illegal wealth transfers

National Tax Service assets taxation head Lee Dong-shin speaks during a media conference at the government complex in Sejong, Wednesday. He said the agency will conduct a tax investigation of minors who own large-sum deposit accounts or expensive houses without sources of funding to crack down on illegal wealth transfers. / Yonhap

Nov 28, 2018By Jhoo Dong-chan
Crackdown on illegal wealth transfers

Improving customer service

NongHyup Bank CEO Lee Dae-hoon, center, raises his fist with customers and employees after holding a discussion at the bank's headquarters in Seoul, Wednesday. They shared ideas on ways to improve the bank's services. Courtesy of NongHyup Bank

Nov 28, 2018
Improving customer service

GDP doesn't measure wellbeing

Finance Minister Kim Dong-yeon, right, shakes hands with OECD Secretary-General Angel Gurria, Tuesday, ahead of their meeting on the sidelines of the OECD World Forum in Songdo, Incheon. An OECD report contributed by economists including Nobel laureate Joseph Stiglitz said countries have been using growth numbers too much as the key measurement to indicate the level of their social and economic progress. Courtesy of Ministry of Economy and Finance

Nov 27, 2018
GDP doesn't measure wellbeing

KEB Hana with pet lovers

Models hold a banner promoting the KEB Hana Bank Pet Love Trust and Hana Life Pet Love Double Care Insurance products at KEB Hana Bank's head branch in central Seoul, Monday. Reflecting the growing number of the nation's pet owners, the two companies jointly rolled out related financial products to attract new customers. / Courtesy of KEB Hana Bank

Nov 26, 2018By Jhoo Dong-chan
KEB Hana with pet lovers

Fostering young writers

Industrial Bank of Korea (IBK) CEO Kim Do-jin, sixth from right, applauds with winners of the 2018 Writers' Contest organized by the state-run lender at the bank's headquarters in Seoul, Nov. 26. The works of 25 winners chosen out of 244 participants will be on display on on the first floor of the IBK head office through Dec. 7. Courtesy of IBK

Nov 26, 2018By Lee Kyung-min
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