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Fri, January 18, 2019 | 08:42

Economy >

Financial groups enhance digital banking

With digital competition building up in the financial sector, a growing number of financial service providers are seeking strategic alliances with technology companies. The move is aimed at securing better access to innovative technologies and business models that they are unable to develop in-house.

Finance | 2019-01-17 18:25

Internal feud at Kookmin Bank deepening

The feud between KB Kookmin Bank workers and management is getting extreme. Representatives of the two sides continued talks to settle labor issues even after the Jan. 8 strike, but have yet to reach an agreement.

Finance | 2019-01-17 18:23

Fintech firms rushing to enter insurance business

KakaoPay, a fintech arm of Kakao Corp., has formed strategic ties with online insurance purchase platform Inbyu, short for “insurance by you,” to enter the insurance market.

Finance | 2019-01-17 18:23

Kyobo leadership program

Students participating in the CHANGE Kyobo Life Youth Leadership Camp pose at the insurer's training center in Cheonan, South Chungcheong Province, Thursday. Forty teenagers from across the country participated in the three-day leadership education program hosted by the life insurer. / Courtesy of Kyobo Life Insurance

Photo News | 2019-01-17 18:23

Digital partnership

Shinhan Bank CEO Wi Sung-ho, right, shakes hands with Zalo CEO Vuong Quang Khai after signing a memorandum of understanding at the latter's headquarters in Ho Chi Minh City, Vietnam, Wednesday. The two agreed to strengthen cooperation in the digital sector and celebrated the launch of “Pocket Loan,” a simplified loan product based on Zalo's online platform. Courte...

Photo News | 2019-01-17 18:23

SC Korea gets capital injection

Standard Chartered (SC) Bank Korea has received a capital injection worth 100 billion won from its parent company based in London, the Seoul unit said Thursday. The multinational banking group, SC Group, will invest 600 billion won in 10-year bonds issued by SC Bank Korea, offering a precondition of paying 500 billion won in semiannual dividends. This marks the first time SC ...

Finance | 2019-01-17 17:05

President Moon declares move toward 'hydrogen economy'

President Moon Jae-in officialized a move to build a so-called hydrogen economy Thursday, one day after the government announced an ambitious plan to increase the number of hydrogen-powered vehicles in the country to 80,000 in less than four years."Our government's determination to (build) a hydrogen economy is firm," the president said during a visit with leaders from hydrog...

Policies | 2019-01-17 15:37

South Korea seeks to produce 6.2 million hydrogen cars by 2040

Joint partnership

Shinhan Bank CEO Wi Sung-ho and S-Oil Corp. CEO Othman Al-Ghamdi show a memorandum of understanding for a strategic alliance at the firm's headquarters in Mapo, Seoul, Dec. 17. The two agreed to continue their long-term strategic partnership in joint marketing and the launch of new products. Courtesy of Shinhan Bank

Photo News | 2019-01-17 08:16

Fostering global talents

Senior officials from Hana Bank and government officials from Korea and Vietnam pose with students at the opening ceremony for the “Global IT Academy” in Hanoi, Vietnam, Dec. 13. The academy is part of an IT talent training program organized by Hana Financial Group. Courtesy of Hana Financial Group

Photo News | 2019-01-17 08:16

Competition fierce for KFSB chairmanship

Competition for the top post at the Korea Federation of Savings Banks (KFSB) is fiercer than ever, with seven high-profile figures throwing their hats into the chairmanship ring.

Finance | 2019-01-17 08:15

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