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Finance

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Tue, June 25, 2019 | 01:46

Swiss researchers win Shin Research Excellence Award

A team of researchers in Switzerland has won the 2019 Shin Research Excellence Award for illustrating the potential impact of the insurance industry on countering climate change, Kyobo Life Insurance said Monday.

2019-06-24 18:53

FSS looks into Toss for exaggerated advertisement

The Financial Supervisory Service said Monday it was investigating Viva Republica, operator of online money transfer app Toss, for allegedly issuing misleading statements regarding its peer-to-peer (P2P) real estate investment product.

2019-06-24 18:14

Volunteering in Vietnam

Kyobo Life Insurance employees and executives pose in a village in Vietnam's province of Ben Tre, June 18. The team built a library and homes for the village during the five-day volunteer program. / Courtesy of Kyobo Life Insurance

2019-06-24 16:35

KIC CEO in between rock, hard place

Korea Investment Corp. (KIC) CEO Choi Hee-nam may have a lot of things to worry about mainly concerning the future course of the country's sovereign wealth fund manager. Economic headwinds are blowing hard not only toward Korea but also global markets. When economies slow down, investors - in KIC's case, the Ministry of Economy and Finance and the Bank of Korea (BOK) - tend t...

2019-06-24 13:17

Cooperation with Hong Kong card issuer

Shinhan Bank CEO Jin Ok-dong, right, and Octopus CEO Sunny Cheung pose after signing an agreement for cooperation in the digital sector at Shinhan Bank's headquarters in central Seoul, Friday. Octopus operates Octopus Card, a smart card for making electronic payments in Hong Kong. The two parties plan on integrating their platforms to launch a digital payment service that can...

2019-06-23 15:38

Domestic investors exit China to invest in Vietnam

Domestic funds are eyeing emerging economies in Southeast Asia as Korea has reached its growth peak due to low interest rate and decline in investment returns.

2019-06-21 15:02

Travel stocks suffer slump despite upcoming vacation season

Share prices of the nation's travel agencies are suffering an unanticipated slump despite the upcoming vacation season next month.

2019-06-20 16:22

Inter-Korean shares rally on possible US-North Korean talks

Share prices of firms related to inter-Korean economic cooperation enjoyed a rally in June over a possible third U.S.-North Korea summit ahead of U.S. President Donald Trump's visit to Seoul late this month. According to online market researcher Market Point, share prices of Shinwon and GoodPeople gained 18 percent and 14.1 percent, respectively, this month as of Tuesday. Bot...

2019-06-19 17:46

Kim appointed new CREFIA chief

The Credit Finance Association of Korea (CREFIA) appointed Kim Joo-hyun, former president of the Korea Deposit Insurance Corporation, as its new chairman, Tuesday. The association made the decision at a general meeting held the same day.

2019-06-19 15:53

Center for multiracial students

Hana Financial Group Vice President Ham Young-joo, second row third from right, poses with officials and multiracial students after agreeing to support the development of a multicultural exchange center in Hongcheon County, Gangwon Province, Tuesday. Also at the event were Community Chest of Korea Chairman Ye Jong-suk, second row second from left, Gangwon Province Governor Ch...

2019-06-18 15:32

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