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Tue, October 22, 2019 | 23:05

Consumption polarized amid slowdown

A man in his early 30s surnamed Lee has yet to decide which designer store he wants to shop at. Judging from the latest updates from an email alert, the fall-winter season clothing line from Gucci does not seem to be too bad a choice.

2019-10-22 19:02

Football competition for foreign workers

Participants of KB Kookmin Bank's KB Star Cup football competition for foreign workers pose after the event held at the lender's training center in Cheonan, Sunday. This was the first competition, in which four teams representing Cambodia, Myanmar, Indonesia and Vietnam took part. / Courtesy of KB Kookmin Bank

2019-10-22 19:00

Banks face double whammy on falling key rates

Local banks are facing tough times, suffering from falling profitability and worsening financial soundness following a couple of rate cuts by the central bank amid the deepening global downturn.

2019-10-22 19:00

Asiana bid likely to be two-way race

The bidding for Asiana Airlines is likely to be a two-way race, as Aekyung Group has joined hands with Stonebridge Capital. The Aekyung consortium is set to compete with a consortium of Hyundai Development Company and Mirae Asset Daewoo, which has been considered the strongest contender thus far.

2019-10-22 17:34

Paper securities holders advised to claim e-securities

The Korea Securities Depository (KSD) advised holders of paper securities certificates for shares and bonds to visit KSD, KEB Hana Bank or KB Kookmin Bank to retain their validity, Tuesday, after the e-securities system took effect Sept. 16.

2019-10-22 16:50

Lotte Insurance raises W375 bil. by issuing new shares

Lotte Insurance raised 375 billion won ($319.2 million) by issuing new stocks, the non-life insurer said Monday. The issuing price was 2,130 won per share.

2019-10-21 18:26

KB forges ties with Stifel to boost global IB biz

KB Financial Group has joined hands with Stifel Financial Corp., an American financial services firm, to bolster its investment banking business abroad, the group said Monday. Through the partnership, the two parties will seek close cooperation in investment banking, and wealth and asset management while working together to find new opportunities not only in the U.S. but also...

2019-10-21 17:08

State-run think tanks suffer 'brain drain'

More than three in four employees at state-run think tanks quit within the first three years, a trend that has continued for more than a decade, arousing concerns of a possible “brain drain” at the country's most prestigious policy institutions, a lawmaker said Monday.

2019-10-21 17:06

Goldman Sachs faces backlash from investors over Helixmith

Goldman Sachs has drawn a severe backlash from Helixmith and individual investors, after it flip-flopped on its outlook for the Korean biopharmaceutical firm, dragging down its target price sharply, according to industry officials, Monday.

2019-10-21 17:00

Pledge to protect consumers

Financial Services Commission Chairman Eun Sung-soo, right, speaks during a National Assembly audit in Seoul, Monday. Left is Financial Supervisory Service Governor Yoon Suk-heun. Eun vowed to order hedge funds to strengthen their internal control process. Yoon likened derivative-linked funds (DLFs) to gambling, saying financial firms were responsible for investor losses. / Y...

2019-10-21 15:43

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