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Wed, September 19, 2018 | 12:00

Economy > Finance >

Insurers axe life planners amid sluggish demand

Life insurers are downsizing the number of their insurance planners to cope with declining demand following the nation's low birthrate and rapidly aging population.

Finance | 2018-09-12 16:02

Job crisis continues on services downturn

The government will use all available resources at its disposal to revive the job market after seeing more shocking employment data, Finance Minister Kim Dong-yeon said Wednesday. The number of jobs created in August stood at 3,000, continuing its decline from last month when the country only created 5,000 jobs. The youth unemployment rate has reached 10 percent, which is clo...

Finance | 2018-09-12 15:55

KB Financial eyes Vietnam, Indonesia for expansion

KB Financial Group will speed up its globalization of its nonbanking business especially in Vietnam and Indonesia, according to the listed financial holding company. It will further inject capital into KB Securities Vietnam to boost its operations of corporate and investment banking, and mergers and acquisitions advisory service, in addition to real estate financing and stock...

Finance | 2018-09-12 09:09

[INTERVIEW] Korea should brace for global slowdown

South Korea should prepare for a global slowdown as the world economy is set to enter an initial phase of downturn, a noted global economist warned, Monday.

Finance | 2018-09-11 18:28

Shinhan to enhance investment banking

Shinhan Financial Group Chairman Cho Yong-byoung has unveiled his vision for the group's global markets and securities (GMS) unit with his employees. In an internal event held at the head office of Shinhan Investment in Yeouido, Seoul, Tuesday, GMS will be leading the group to generate synergy among its subsidiaries. Also, it will help the group to find and secure new sources...

Finance | 2018-09-11 17:24

Banks increase hiring amid weak job market

Major commercial banks have begun their recruitment process for the second half of this year, according to the Korea Federation of Banks (KFB), Friday. The federation said local banks are expected to hire 4,800 young people in total this year, up 60 percent from last year. The KFB had indicated this number of hiring when it hosted a meeting between banks' chief executives and Financial Services Commission Chairman Choi Jong-ku last May.

Finance | 2018-09-11 14:17

Shinhan Bank CEO vows digital transformation

Shinhan Bank CEO Wi Sung-ho shared his vision on how to transform a lender into a digital-based entity during the Facebook Marketing Summit Seoul 2018 at the InterContinental Grand Seoul Parnas hotel, Monday.

Finance | 2018-09-10 18:27

Central bank may cut growth outlook again

The Bank of Korea (BOK) is expected to lower its growth outlook again in the coming months amid an economic slowdown due to weak employment and consumption, analysts said Monday. They expect that worsening economic data will make it more difficult for the central bank to move its interest rate upward as any hike could further hurt business and consumer confidence. Lee Mi-seon, an analyst at Hana Financial Investment forecast that the central bank will revise down its growth projection again in October when the policy board convenes for its rate decision.

Finance | 2018-09-10 15:36

[INTERVIEW] Hana seeks to boost nonbanks overseas

Hana Financial Group is actively looking for opportunities to invest in emerging markets where it can boost the presence and growth of its nonbanking sector, said Kim Jung-tai, chairman of the listed financial holding company. The group specifically has its eyes on Indonesia, Vietnam, the Philippines, India, China and Russia. It would further make inroads into those markets w...

Finance | 2018-09-10 11:47

[Macro Today] Time to complete each other's jobs

Over the last couple of weeks, the public has been seeing policymakers, lawmakers, businesspeople and workers ripping each other apart over two very distinctive economic ideas spearheaded by Finance Minister Kim Dong-yeon and Jang Ha-sung, President Moon Jae-in's chief of staff for policy. The drama has been unfolding with the conflict escalating over the two's policies with ...

Finance | 2018-09-09 08:43

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