Economy - The Korea Times

For deregulation

Financial Services Commission Vice Chairman Kim Yong-beom, third from left, speaks at a meeting at the Government Complex in Gwanghwamun, Seoul, Friday. Members of a special taskforce set up under the regulator discussed deregulation measures in a bid to foster financial market development. / Yonhap 

Oct 19, 2018By Lee Kyung-min

Jobs for soldiers

KB Kookmin Bank CEO Hur Yin delivers a keynote speech at the KINTEX exhibition center in Illsan, Goyang, Gyeonggi Province, Friday, during a job fair for soldiers who are about to complete their military service. The bank and the Ministry of Patriots and Veterans Affairs hosted the fair, inviting 5,000 soldiers and 50 companies. Courtesy of KB Kookmin Bank

Oct 19, 2018

Winning innovation award

Jang Hyeon-ki, center, head of Shinhan Bank's digital strategy, holds a trophy after winning the Efma Accenture Innovation Award at an event hosted by Efma and Accenture at the Altis Grand Hotel in Lisbon, Portugal, Wednesday. Shinhan Bank was recognized for developing and providing customized chatbot services. Courtesy of Shinhan Bank

Oct 18, 2018

Customers' favorite securities firm

NH Investment and Securities CEO Jeong Young-chae, right, holds an award with Korea Management Association Consulting (KMAC) Vice President Han Soo-hee at a ceremony held in the former's head office on Yeouido, Seoul, Monday. NH topped the 2018 Korean Customer Satisfaction Index for security firms in a survey commissioned by the KMAC. Courtesy of NH Investment and Securities

Oct 17, 2018By Lee Kyung-min

For startups

Woori Bank CEO Sohn Tae-seung, front row fourth from right, raises his fist with members of Korea Startup Forum, a private consultative body representing over 500 startup companies in Korea, at the bank's headquarters in Seoul, Tuesday, after signing a memorandum of understanding to seek cooperation in joint projects and financial support. Courtesy of Woori Bank

Oct 17, 2018By Lee Kyung-min

Young & hip bank

KEB Hana Bank CEO Ham Young-joo, center, cuts a ribbon with employees of the bank to open its fourth “lifestyle bank” branch for young adults near Gangnam Subway Station, Tuesday. The branch will offer not only banking, but also other types of services such as coffee tasting events and talk shows with famous authors. Courtesy of KEB Hana Bank

Oct 16, 2018

Nice to meet you!

A coach from premier league Tottenham Hotspur Football Club shakes hands with a child with a developmental disorder at a youth football lesson organized by AIA Group, the largest public listed pan-Asian life insurance group, in the Vitality Arena at the Dongdaemun store of Home plus in Seoul, Oct. 12. Many talented young football players and children from the Seoul Rehabilitation Center for Cerebral Palsy attended the event. Cerebral palsy is a neurological disorder that affects a person's movement, motor skills and muscle tone. Courtesy of AIA Group

Oct 15, 2018By Lee Kyung-min

Korea asks IMF to help NK's reform efforts

Finance Minister and Deputy Prime Minister Kim Dong-yeon, left, talks with International Monetary Fund (IMF) Managing Director Christine Lagarde at a meeting in Bali, Indonesia, Oct. 13 (local time). Korea agreed to give the IMF $20 million over the next five years in support of the latter's capacity development efforts based on a mutual understanding on the need to strengthen the role of the international body. Kim also asked for the IMF's help for North Korea to become a part of the global community citing recent de-escalation of military tensions on the Korean Peninsula as well as denuclearization efforts undertaken by the isolationist regime. / Courtesy of Ministry of Economy and Finance

Oct 14, 2018

Korea asks IMF to help NK's reform efforts

Helping quake victims

Woori Bank CEO Sohn Tae-seung, left, delivers a donation worth 1 billion Indonesian rupiah to the Red Cross in Bali, Indonesia, Oct. 13 to help earthquake victims on Sulawesi Island. Sohn was in Bali for the International Monetary Fund conference, which started Oct. 11. The Korean bank began making inroads into Indonesia through the acquisition of Bank Saudara in 2014. Courtesy of Woori Bank