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Wed, July 6, 2022 | 04:38

ABL Life Insurance simplifies claims process for senior customers

Making insurance claims can be a complicated process, especially for those unfamiliar with digital technologies. ABL Life Insurance is making efforts to bring down this barrier, especially for elderly customers who have had problems making claims through the firm's mobile app. ABL Life Insurance launched its “digital hybrid insurance claim service” in April, which enables cus...

Yoon Ja-young2022-06-29 14:07

[INTERVIEW] 'Asia-Pacific region has potential to lead global decarbonization sector'

One of the most noticeable changes in the global business scene in recent years is that the so-called environmental, social and corporate governance (ESG) principles have evolved from a rhetoric put forth by mostly non-profit organizations into a core business strategic consideration by competitive companies around the world.

Anna J. Park | 2022-06-29 08:41

Hyundai Card opens first digital office

Hyundai Card opened its first digital office in Seoul to enhance employees' work efficiency by relieving the burden of commuting they face, the company said Tuesday. The office is located in the nation's densest business district near Gangnam Station in southern Seoul. Equipped with video-conferencing booths and a variety of spaces for working, meetings and rest, it serves as...

Lee Min-hyung | 2022-06-28 17:01

Toss Bank draws over 3.6 million customers

Since Toss Bank was launched last October as the country's third internet-only bank, it has succeeded in attracting 3.6 million customers in just nine months. More than 2.5 million customers have been added this year alone, and the number of customers has tripled during the past six months.

Anna J. Park | 2022-06-28 16:39

KB Kookmin Bank mulls further capital increase for Indonesian subsidiary

KB Kookmin Bank might need to inject additional capital into its Indonesian subsidiary, Bank KB Bukopin, as the Southeast Asian country's financial authority urged Seoul's Financial Supervisory Service (FSS) to cooperate on reducing Bank KB Bukopin's debts. According to the financial industry, Tuesday, the Indonesian financial authority has stressed the need to get rid of the...

Anna J. Park | 2022-06-28 16:10

NongHyup Bank expands Dokdo-themed metaverse platform

NongHyup Bank opened doors wider for its metaverse platform, “Dokdo-Verse,” turning it into an open beta service. “Dokdo-Verse” is a virtual space themed on the group of Korea's easternmost islets, Dokdo, where users can create their avatars and complete various missions, such as picking up litter or visiting a trekking trail. The bank jointly launched the test service with f...

Yoon Ja-young2022-06-28 13:56

Woori pledges to cooperate with watchdog over suspicious forex trading

Woori Bank has been internally investigating suspicious foreign exchange trades totaling 800 billion won ($624.26 million) at its sales office and has reported the case to the Financial Supervisory Service for further investigation. The transactions were made through multiple corporate accounts, according to the lender. The sales office in Seoul has been looking into the case...

Lee Min-hyung | 2022-06-27 17:05

Hana Financial Investment to change name to Hana Securities

Hana Financial Investment will change its company name to Hana Securities on July 1. The brokerage firm changed to its current name from Hana Daetoo Securities in 2015. While including “financial” and “investment” in the name was a trend among securities companies for quite some time during an expansion period of investment banking operations, securities companies now appear ...

Anna J. Park | 2022-06-27 16:44

IBK chief focuses on financing SMEs in Vietnam

Industrial Bank of Korea (IBK) Chairman and CEO Yoon Jong-won is on a five-day business trip to Vietnam through Thursday, to bolster cooperation between the two countries on financing for small and medium-sized enterprises (SMEs), the lender said Monday. It said Yoon departed for Vietnam, Sunday, to check the state-run bank's support policy for Korean companies operating ther...

Yi Whan-woo | 2022-06-27 16:35

OK Savings Bank CEO reappointed for fourth term

OK Savings Bank CEO Jeong Gil-ho has succeeded in getting his two-year term extended for the fourth time, to July 2024. The decision was made at the savings bank's extraordinary shareholders' meeting held last week, where the shareholders granted Jeong another term to lead the bank's management.

Anna J. Park | 2022-06-27 15:12

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