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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Thu, March 30, 2023 | 23:20

Terraform Labs co-founder's extradition could be delayed more than 1 month

Terraform Labs co-founder's extradition could be delayed more than 1 month

The extradition of Do Kwon, the co-founder and CEO of the now infamous Terraform Labs, could be delayed by more than a month, as his legal representative expressed the intent of appealing against the upcoming judgment from the first trial in Montenegro where he is in custody on charges of passport forgery.

Lee Min-hyung | 2023-03-29 16:41

KT&G triumphs over activist funds

KT&G triumphs over activist funds

Korea Tobacco & Ginseng Corporation (KT&G) management has succeeded in defending itself from activist fund investors' demands at its annual shareholders' meeting earlier this week. The tobacco company's shareholders voted down all proposals suggested by activist funds, except their agenda item calling for quarterly dividends.

Anna J. Park | 2023-03-29 16:07

Kakao Pay officially launches ESG committee

Kakao Pay officially launches ESG committee

Kakao Pay has officially set up its ESG committee under its board, laying a solid foundation for the sustainable growth of the mobile payment firm. The mobile payment subsidiary of big tech firm Kakao announced Wednesday that the launch of the ESG committee came 10 months after the company kicked off a preparatory move to initiate the committee under its board.

Anna J. Park | 2023-03-29 16:05

KB wins highest ESG rating from MSCI

KB wins highest ESG rating from MSCI

KB Financial Group has won the highest rating of AAA in MSCI's 2022 environmental, social and corporate governance (ESG) evaluation, the company said Wednesday. According to KB, MSCI conducts a seven-grade ESG management evaluation on listed companies around the globe. Only about the top 6 percent of 198 banking industry players here and abroad can achieve the top rating, KB ...

Lee Min-hyung | 2023-03-29 15:55

Will KB be 1st bank to set foot in other industries?

Will KB be 1st bank to set foot in other industries?

Financial authorities are set to decide on Thursday whether to grant formal approval to KB Kookmin Bank's mobile phone services, despite opposition from local carriers. If approved, this would be the first instance of a bank being allowed to expand into other industries.

Lee Yeon-woo | 2023-03-29 15:54

Yoon calls for boosting domestic consumption

Yoon calls for boosting domestic consumption

President Yoon Suk Yeol instructed the government Wednesday to draw up measures to boost domestic consumption to help revive the economy.

2023-03-29 14:24

Card spending up in 2022 amid eased virus curbs

Card spending up in 2022 amid eased virus curbs

The amount of daily payments made with cards in Korea grew about 13 percent last year as eased coronavirus-related restrictions boosted consumption, central bank data showed Wednesday.

2023-03-29 14:11

Will dismantling oligopoly result in successful bank industry reform?

Will dismantling oligopoly result in successful bank industry reform?

The government's drive to dismantle Korea's oligopolistic banking industry structure is raising questions over the consequences of such reforms in the face of increasing turmoil in global financial markets this month. Financial authorities want to dismantle the market dominance held by a handful of large banks by bringing in more competition, in a bid to prevent mainstream pl...

Yi Whan-woo | 2023-03-29 09:06

[INTERVIEW] Can art become stable investment source?

INTERVIEWCan art become stable investment source?

If you could invest $10 for a chance to own a portion of a painting by Yayoi Kusama, one of the most important Asian artists in the contemporary art world, would you do it? For many young art lovers in Korea, the answer is a resounding yes.

Lee Yeon-woo | 2023-03-29 08:26

Financial industry opposes gov't's move to revamp reward system

Financial industry opposes gov't's move to revamp reward system

Financial industry players here are expressing regret over what they call “unrelenting and unilateral” government demands to revamp reward systems. After banks chalked up record earnings last year on global interest hikes, President Yoon Suk Yeol and his administration stepped up pressure on lenders, criticizing their excessive earnings growth driven mostly by their widened l...

Lee Min-hyung | 2023-03-28 16:53

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Top 10 Stories

1	Korea to ease entry rules to boost tourism, domestic spending

2	Korea moves to shorten COVID-19 isolation period to 5 days

3	INTERVIEWCan art become stable investment source?

4	Generation Z entrepreneurs turn oyster shells into trendy dish soap

5	Will dismantling oligopoly result in successful bank industry reform?

6	Terraform Labs co-founder's extradition could be delayed more than 1 month

7	Celltrion chairman vows to develop new drugs, initiate M&As

8	Fintech, lifestyle products can help Korea grow trade ties with Hong Kong: city's trade promotion chief in Korea

9	Top envoy to US tapped as new national security advisor

10	Ex-journalist to lead NK defector support foundation

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