KoreaTimes(126) - Companies, Finance, page 11

Entertainment
& Arts

Sports

World

SCMP
Asia

Video

Photos

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Companies

Thu, June 30, 2022 | 12:54

Consulting business expected to enjoy another boom year

Despite growing uncertainty coupled with hostile macro factors, the country's management consulting business is forecast to continue expanding this year, with local corporations increasingly seeking strategic preparations for economic downturns. Market insiders say that the local consultancy business witnessed the highest demand for their advisory services during the past cou...

Anna J. Park | 2022-05-10 08:59

Hana Financial Investment eyeing takeover of Hana Bank's Hong Kong unit

Hana Financial Investment said Monday that it was seeking to take over the Hong Kong subsidiary of its affiliate Hana Bank as part of efforts to tap into the Asian financial hub.

2022-05-09 15:02

Shinhan Financial chairman discusses climate change with UK environment minister

Shinhan Financial Group Chairman Cho Yong-byoung met with U.K. Minister for the Pacific and the Environment Zac Goldsmith and discussed the role of financial services companies of the private sector in tackling climate change and protecting biodiversity, the company said Sunday. It said the meeting took place last week on the occasion of Goldsmith's attendance at the World Fo...

Yi Whan-woo | 2022-05-08 14:35

KakaoBank considers forging ties with crypto exchanges

KakaoBank is considering tapping into the cryptocurrency industry through a potential partnership with cyber money exchange operators here. The internet-only lender leaves open various possibilities before taking more concrete steps for its expansion into the new industry. The move reflects growing demand for cryptocurrency transactions here and abroad. The young and innovati...

Lee Min-hyung | 2022-05-07 09:32

Local companies face difficulties in issuing dollar bonds

Korean companies' planned dollar-denominated bond sales are being canceled during the second quarter, reflecting the global bond market's growing anxiety and uncertainty over geopolitical threats as well as the U.S. Federal Reserve's quantitative tightening plans. Mirae Asset Securities was this year's first such case among local companies that had to withdraw plans of issuin...

Anna J. Park | 2022-05-05 15:26

Should Upbit return interest profits back to customers?

Controversy is brewing surrounding Upbit, the country's largest cryptocurrency exchange, as criticism has arisen as to whether the firm should return interest rate profits that it gained from its huge number of customer deposits. According to the electronic disclosure system of the Financial Supervisory Service (FSS), won-denominated currency deposited in the country's four m...

Anna J. Park | 2022-05-05 08:54

Hana Financial Group supports victims of child abuse

Hana Financial Group made a donation ahead of Children's Day on May 5, to help child abuse victims. According to Hana, it donated 800 million won ($635,000) on Tuesday to Save the Children, an international NGO dedicated to protecting the rights of children. The donation will be spent for victims of child abuse, to expand medical support and strengthen aid so that they can re...

Yoon Ja-young2022-05-04 15:50

Woori Bank CEO apologizes for recent embezzlement case

Woori Bank CEO Lee Won-duk apologized for the recent embezzlement of 61.4 billion won ($48.4 million) by a bank employee, adding that the bank will do its best to win back customer trust. “The bank will take every possible measure to cooperate with the authorities in its investigation to get to the bottom of the embezzlement case,” Lee told reporters in central Seoul on Tuesd...

Anna J. Park | 2022-05-03 21:02

KakaoBank achieves solid earnings growth in Q1

KakaoBank achieved substantial growth in the first quarter of this year, logging a quarterly net profit of 66.8 billion won ($52.8 million), which is up 43.2 percent year-on-year. The net profit growth was mainly attributed to robust sales of various online-only loan products as well as its platform business and commission fees. The bank achieved an operating profit of 88.4 b...

Anna J. Park | 2022-05-03 16:21

Watchdog blamed for botched probe of Woori embezzlement

The Financial Supervisory Service (FSS) has come under fire for a botched inspection of Woori Bank's latest embezzlement scandal. An employee of the lender allegedly embezzled 61.4 billion won ($48.49 million) between 2012 and 2018 while working at its corporate financing division. The official has been arrested and is being investigated.

Lee Min-hyung | 2022-05-02 16:58

11 12 13 14 15 16 17 18 19 20

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.