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Finance

Wed, November 25, 2020 | 09:31

Improving working conditions for delivery workers

Improving working conditions for delivery workers

Minister of Land, Infrastructure and Transport Kim Hyun-mee, left, and Minister of Employment and Labor Lee Jae-kap give a press briefing at the Seoul Government Complex in Gwanghwamun, Thursday, on how they will improve working conditions for delivery workers. Yonhap

Lee Kyung-min | 2020-11-12 16:49

Shinhan standing at forefront of financial ESG

Shinhan standing at forefront of financial ESG

Shinhan Financial Group is at the forefront of the environmental, social and governance (ESG) drive in the financial sector, as part of its group-wide strategy for sustainable growth.

Lee Min-hyung | 2020-11-12 16:49

Financial regulator not to extend ban on short-selling

Financial regulator not to extend ban on short-selling

Following Chairman Eun Sung-soo's comments at the National Assembly earlier this week that the Financial Services Commission (FSC) will lift its ban on short-selling next March as planned, the financial regulator once again reaffirmed its position that it would not extend the restriction when the ban of one year ends next March 15.

Anna J. Park | 2020-11-12 16:40

Samsung's financial affiliates declare end to coal investments

Samsung's financial affiliates declare end to coal investments

Samsung's financial affiliates have declared an end to new coal-related investments amid growing criticism from environmental groups. In a joint statement released Thursday, the affiliates said that they would phase out coal-related investments. This is the first time for a collective statement to be issued by the chaebol's financial units indicating an end to their investmen...

Kim Bo-eun | 2020-11-12 16:16

NongHyup Financial speeds up global expansion

NongHyup Financial speeds up global expansion

NongHyup Financial Group is accelerating a drive to expand its global presence amid tough business conditions here.

Kim Bo-eun | 2020-11-12 15:24

Biden's victory to positively impact Korean economy: minister

Biden's victory to positively impact Korean economy: minister

Joe Biden's victory in last week's U.S. presidential election is expected to positively impact the South Korean economy, as it will help ease economic uncertainty and improve global trade environments, Seoul's finance minister said Thursday. Finance Minister Hong Nam-ki also said Biden's environment-friendly policies and a trade row between the U.S. and China are likely to se...

2020-11-12 15:15

Moon, Biden reaffirm commitment to robust alliance, peaceful Korea

Pfizer CEO sold $5.6 million in stock on day of vaccine announcement

Pfizer CEO sold $5.6 million in stock on day of vaccine announcement

Pfizer CEO Albert Bourla sold $5.6 million of his stock in the US pharmaceutical company on the same day it announced promising results for its Covid-19 vaccine candidate, filings showed Wednesday. The company, however, has reportedly said the sale was part of a pre-arranged periodic divestment plan when the stock reaches a certain price.

2020-11-12 14:19

Brokerage firms take cautious stance over Lime fiasco sanctions

Brokerage firms take cautious stance over Lime fiasco sanctions

As a result of a series of the Financial Supervisory Service (FSS) sanctions committee over the mis-selling of scandal-ridden Lime fund products, three local brokerage firms ― Shinhan Financial Investment, Daishin Securities and KB Securities ― were hit with various sanctions Tuesday night, ranging from penalties and branch operation suspensions to dismissals of company chief...

Anna J. Park | 2020-11-11 17:14

Virus resurgence deepens job market woes

Virus resurgence deepens job market woes

Korea lost 421,000 jobs in October due to the COVID-19 pandemic, the sharpest year-on-year drop since April's figure of 476,000, Statistics Korea data showed Wednesday.

Lee Kyung-min | 2020-11-11 17:03

Shinhan facing calls to replace Korean-Japanese directors

Shinhan facing calls to replace Korean-Japanese directors

Shinhan Financial Group is facing repeated calls to improve the diversity and expertise of its outside directors, of which those of ethnic Koreans with Japanese nationality comprise 36 percent.

Kim Bo-eun | 2020-11-11 17:01

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