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Wed, July 6, 2022 | 03:27
Citibank Korea partners with KB, Toss for W8 trillion loan repayment
Citibank Korea partners with KB, Toss for W8 trillion loan repayment
Citibank Korea has picked KB Kookmin Bank and Toss Bank to manage its existing debtors while its retail banking operation here undergoes a phased shutdown. The Korean subsidiary of the U.S. banking group said Wednesday that its retail customers can pay the interest and principal on their loans to KB and Toss from the beginning of July.
2022-06-22 15:47
KDB chief inauguration ceremony goes ahead amid union protests
KDB chief inauguration ceremony goes ahead amid union protests
Two weeks after being appointed to head state-run Korea Development Bank (KDB), Chairman Kang Seog-hoon finally held a delayed inauguration ceremony on Tuesday, vowing to communicate closely with the bank's workers regarding a government-led relocation plan to Busan. Unionized workers of the bank had been blocking the new chairman from entering the bank headquarters since his...
Anna J. Park | 2022-06-21 16:44
Financial regulator investigates Meritz Asset Management CEO
Financial regulator investigates Meritz Asset Management CEO
The Financial Supervisory Service (FSS) has been conducting investigations into Meritz Asset Management CEO John Lee over allegations that he violated a conflict of interest obligation when making an investment decision for his firm. According to the FSS, it carried out on-site inspections into the asset management company from May 23 to June 7.
Anna J. Park | 2022-06-20 17:27
Game stocks plunge amid interest rate hikes
Game stocks plunge amid interest rate hikes
The major game stocks nosedived at closing on Monday, as concerns over a global economic recession continue. Kakao Games, the largest market cap game company listed on the Kosdaq, ended Monday's session with a fall of 10.14 percent, finishing at 50,500 won ($39.10). Monday's closing price is the game company's new 52-week low price. Wemade, another major game company listed o...
Anna J. Park | 2022-06-20 17:27
  • Seoul shares, Korean won skid to yearly lows on recession fears
Hana Bank, health service assessment agency to expand ESG cooperation
Hana Bank, health service assessment agency to expand ESG cooperation
Hana Bank has signed a memorandum of understanding with the government-affiliated Health Insurance Review and Assessment Service (HIRA) on its path to expand private-public sector cooperation in the practice of environmental, social and corporate governance (ESG) values in management, the lender announced on Sunday. Under the deal, Hana Bank will be responsible for HIRA's maj...
2022-06-19 16:17
Woori Financial holds 1st general meeting for ESG-focused foundation
Woori Financial holds 1st general meeting for ESG-focused foundation
Woori Financial Group Chairman and CEO Son Tae-seung, eighth from left, poses with Woori Bank CEO Lee Won-duk, seventh from left, and other CEOs of the banking group's affiliates during the inaugural general meeting of a charity foundation set up under the broader goal of supporting environmental, social and corporate governance (ESG) practices at Woori Financial Group's head...
2022-06-19 16:15
Korea's large-cap stocks nosediving to pre-pandemic levels
Korea's large-cap stocks nosediving to pre-pandemic levels
Korea's large-cap tech stocks are nosediving at an alarming pace, leaving retail investors of Samsung Electronics, Kakao and Naver with a growing sense of frustration. The three companies enjoyed their heyday in 2020 and 2021 amid the earlier part of the ongoing COVID-19 pandemic, as their stock prices soared to historic levels on the coronavirus-induced near-zero interest ra...
2022-06-17 16:35
Inauguration of KDB chair delayed amid union protest
Inauguration of KDB chair delayed amid union protest
Unionized workers of Korea Development Bank (KDB) said Friday that they have no plans to end their ongoing protest blocking new chairman Kang Seog-hoon from setting foot in the bank's headquarters, unless President Yoon Suk-yeol responds to their calls to scrap the planned relocation of the state-run bank to Busan. Yoon said during his campaign that the relocation would help ...
2022-06-17 16:15
Hybe stock plunges after BTS announces hiatus
Hybe stock plunges after BTS announces hiatus
The stock price of Hybe, the company that manages BTS, plummeted more than 24 percent on Wednesday, after the K-pop juggernaut announced Tuesday night that it will take a break as its members pursue solo activities.
Anna J. Park | 2022-06-15 16:30
  • BTS announces hiatus to let members pursue personal growth
NongHyup employee arrested for allegedly embezzling 4 billion won
NongHyup employee arrested for allegedly embezzling 4 billion won
An employee at a regional NongHyup office in Gyeonggi Province was arrested Wednesday for allegedly embezzling 4 billion won ($3 million) from the office. According to Gwangju Police in Gyeonggi Province, the worker is suspected of having transferred the corporate capital into a bank account of his accomplice multiple times since April.
2022-06-15 16:25
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  • Fashionista first lady draws polarized reactions
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  • Korea's inflation growth hits nearly 24-year high in June on fuel costs
  • Son Heung-min recalls experiencing racism in Germany, rejoicing at revenge in World Cup upset
  • US bill expresses concerns over proposed abolishment of Korean ministry of equality
  • 6 dead, 30 wounded in shooting at Chicago-area July 4 parade
  • USFK member accused of alleged DUI on motorcycle
  • Korea to expand nuclear power generation to 30% of total by 2030
  • Korea begins transporting country's 1st lunar orbiter to US for Aug. launch
DARKROOM
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    Afghanistan earthquake killed more than 1,000

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    Divided America reacts to overturn of Roe vs. Wade

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    Namaste: Yogis to celebrate International Yoga Day

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    Poor hit harder by economic crisis

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    Roland Garros 2022

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