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Wed, September 19, 2018 | 12:02

Economy > Finance >

Costco-Hyundai Card alliance to reshape pecking order

The newly established alliance between Costco Wholesale Korea and Hyundai Card is expected to spur the credit card company and help it surpass KB Kookmin Card, according to industry sources and analysts Wednesday. Costco has recently chosen Hyundai Card, the No. 4 credit card as its new partner over Samsung Card via open bidding. Samsung had been Costco's partner for the last...

Finance | 2018-08-30 11:20

Seoul bourse unlikely to rebound in 2nd half

The Seoul stock markets are unlikely to see a meaningful rebound in the second half of this year due to lingering uncertainties both at home and abroad, such as weakening economic fundamentals and the ongoing trade feud between the U.S. and China.

Finance | 2018-08-29 16:17

NPS urged not to lend stocks to short sellers

The National Pension Service (NPS) is facing mounting pressure not to lend stocks to short sellers.

Finance | 2018-08-28 16:30

[INTERVIEW] Shinhan Financial eyes global deals for growth

Shinhan Financial Group will actively pursue acquisitions in Asia's emerging markets that can help it take a “leap up and forward” overseas, according to Cho Yong-byoung, the listed financial holding company's chairman. With its huge war chest of more than 20 trillion won in cash, the group will seek targets on the same or a similar scale as the deal it sealed to acquire ANZ ...

Finance | 2018-08-28 11:06

IBK CEO vows to grant W100 tril. loans for startups

Industrial Bank of Korea (IBK) CEO Kim Do-jin has vowed to spearhead investments in supporting the nation's startups and creating jobs. According to the IBK, Aug. 22, the lender will invest 100 trillion won ($89 billion) for the next five years in startups as part of the bank's future business plan.

Finance | 2018-08-27 17:16

AIA offers discounts for exercisers

AIA has teamed up with SK Telecom to roll out the AIA Vitality X T Walking app that suggests a weekly walking or jogging goal to help improve a policyholder's health.

Finance | 2018-08-27 17:15

Insurers hit by 'IFRS 17' shocks

The country's life insurance companies are suffering from plunging sales as they prepare for a new accounting rule that will be adopted in 2021.

Finance | 2018-08-27 11:34

Shares of retailers, food firms hit by stagnant income growth

Shares of retailers and food firms have dropped recently to the lowest level this year as investors flee from consumption-related stocks amid stagnant household income growth.

Finance | 2018-08-26 18:17

AMRO to assess Moon's income-led growth policy

The Moon Jae-in administration's income-led growth policy is expected to be assessed along with the country's financial soundness by a group of economists and analysts from the ASEAN+3 Macroeconomic Research Office (AMRO) this week. The Ministry of Economy and Finance said AMRO Director Junhong Chang will be leading a group of eight including chief economist Khor Hoe Ee and S...

Finance | 2018-08-26 16:49

Korea won't drop 'income-led growth' initiative

Banking stocks become darling of foreign investors

Local financial groups and banks have become one of the most favored stocks for foreign investors thanks to their high-dividend policy coupled with the latter's belief that their shares are undervalued. Against this backdrop, foreigners have been continuously buying these shares in August sending foreign ownership of banking stock as high as 70 percent.

Finance | 2018-08-26 16:01

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Inter-Korean Summit in Pyongyang [PHOTOS]