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Fri, August 17, 2018 | 13:08

Economy >

FSS may inspect Samsung Life

Financial Supervisory Service (FSS) Governor Yoon Suk-heun said the financial regulator will take a hard-line stance on protecting consumer rights.

Policies | 2018-08-16 17:34

Doing good for customers

Shinhan Bank CEO Wi Sung-ho, center, holds a written oath with his employees at the bank's headquarters in Seoul, pledging to provide accurate information and ethical, friendly services to its customers, Thursday. The bank also vowed to prevent its employees from marketing and offering “irregular” services.

Photo News | 2018-08-16 17:02

NTS to suspend auditing self-employed

The National Tax Service (NTS) said Thursday it will not audit the books of 5.69 million self-employed and small business owners until the end of next year. This will let them focus on running their operations without having to worry about tax investigations. The move comes as they increasingly face hardship amid a weak economy and rises in the minimum wage. NTS data showed t...

Finance | 2018-08-16 16:57

Crypto exchanges protest exclusion from venture firms list

The government's decision to exclude the nation's crypto exchanges from its classification list of venture firms is provoking an industry outcry.

Finance | 2018-08-16 01:48

Investors dump gold for dollars amid trade disputes

Global investors are dumping and staying away from gold, while trying to get their hands on U.S. dollars amid the United States' growing trade disputes with China, the European Union and Turkey among others. Gold futures for 60 months forward are barely trading above $1,200 an ounce, and spot gold reached $1,193, its lowest level in nearly 18 months, according to CME Group's ...

Finance | 2018-08-15 16:16

Hana fixes eyes on North Korea

Kim Jung-tai, chairman and chief executive of Hana Financial Group, will be heading for North Korea to watch a youth soccer match for the 4th Ari Sports Cup held in Pyongyang from Aug. 13 to 18, according to the Ministry of Unification and the South and North Korean Sports Exchange Association. The chairman is expected to be joined by KEB Hana Bank CEO Ham Young-joo and sever...

Finance | 2018-08-15 14:53

Shinhan Financial Group Vice President Jin Ok-dong, third from right, and table tennis players raise their fists for a photo at a stadium in Jincheon, North Chungcheong Province, Tuesday, as the financial group wishes them luck at the 2018 Asian Games. Shinhan donated funds worth 50 million won to the national table tennis and volleyball teams. Courtesy of Shinhan Financial

Photo News | 2018-08-15 14:05

Reinventing brands key to lasting success

Brands need to reinvent themselves constantly as the business environment and lifestyle trends change rapidly in the digital age, according to a marketing specialist. Companies, schools and households should train up the ability to see what's coming in the future, and build and reinvent their brands before the moment of truth arrives.

Finance | 2018-08-15 08:50

Samsung Life in proxy war against FSS

Samsung Life has waged a legal battle against the nation's financial regulator by filing a lawsuit against one of its policyholders that claimed the insurer overcharged them and didn't pay a fair annuity.

Finance | 2018-08-14 17:59

Financial firms rush to Southeast Asia

Korean financial firms are expanding their presence in Southeast Asia. Major banks are tapping into the world's most rapidly growing economies, which are considered to be their next overseas cash cows, in a bid to overcome difficulties in finding new revenue sources in the saturated domestic financial market.

Finance | 2018-08-14 17:58

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