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On the Spot
: Kim Bo-eun
Wed, July 24, 2019 | 07:35
Korean banks focus on Vietnam business
Banks are accelerating efforts to capture opportunities in Vietnam's fast-growing market. KEB Hana Bank said Monday it acquired 15 percent of the Bank for Investment and Development of Vietnam (BIDV)'s shares, at a cost of 1.25 trillion won. BIDV is Vietnam's largest bank by assets.
| 2019-07-23 17:12
Deutsche Securities leaving Seoul bourse
Deutsche Securities will close its brokerage and research division, as part of global restructuring efforts, the company said Monday. Deutsche Securities' subsidiary here concluded the matter at a board meeting last week. It will be finalized at a general shareholders' meeting today.
| 2019-07-23 16:35
Woori bank's campaign for environment
Woori Financial Group Chairman Sohn Tae-seung, right, holds up a plant in a recycled plastic cup, with executives at Woori Bank's headquarters in central Seoul, Monday. The plants were given out to employees. Woori is running a campaign to promote an environmentally friendly culture within the group through Aug. 30. / Courtesy of Woori Financial Group
| 2019-07-23 15:55
S. Korea braces for possible Japanese capital flight
The financial authorities are formulating a contingency plan for any sudden flight of Japanese capital, a preliminary move against the possibility of Japan extending its export restriction measures to the financial sector. A team of officials from the Financial Services Commission (FSC) and Financial Supervisory Service (FSS) are currently checking the maturity of loans exten...
| 2019-07-22 16:35
Korea suffers steepest fall in exports
Korea saw the steepest decline in export volume from January to April from the same period a year earlier among the top 10 exporters, data showed Sunday. According to data from the World Trade Organization, Korea's export volume fell by 6.9 percent year-on-year, from $194.9 billion in 2018 to $181.48 billion in 2019.
| 2019-07-21 16:48
Bank CEOs bracing for tougher conditions in 2nd half
Leaders of major banks pledged to boost performance for the latter half of the year at executive-level meetings held last week, amid an increasingly tough environment for the banking sector. Shinhan Bank CEO Jin Ok-dong stressed customer-centeredness as the bank's core value at a strategy meeting with some 1,000 executives and managers at the bank's training center in Yongin,...
| 2019-07-21 16:46
CEO hanging out with millennials
KEB Hana Bank CEO Ji Sung-kyoo, front row center, takes a selfie with bank employees at a theater in Daehangno, Seoul, Friday, after watching a play there. The event is part of the CEO's efforts to enhance communication with and better understand millennial generation employees. / Courtesy of KEB Hana Bank
| 2019-07-21 16:02
FSS launches special investigation team
The Financial Supervisory Service (FSS) and the prosecution launched a 16-member special investigation team to look into irregularities in the capital market with a ceremony held Thursday at the FSS headquarters on Yeouido, Seoul. The chief prosecutor of the Seoul Southern District Prosecutor's Office named 15 FSS officials and one from the Financial Services Commission as me...
| 2019-07-18 16:05
Toss grows but suffers ballooning losses
Fintech startup Toss, one of Korea's nine unicorn companies, is growing fast. It has 13 million customers and continues to expand the range of services it offers. Yet its losses continue to grow, and its business model appears to have limitations in terms of long-term growth.
| 2019-07-18 15:25
Customs Border Control Training Institute gets first female chief
The Customs Border Control Training Institute (CBCTI) appointed its first female chief, Cho Eun-jung, Monday. Cho, 57, is the 14th director general of the institute affiliated with the Korea Customs Service.
| 2019-07-18 14:11
South Korea fires warning shots at Russian warplanes in its airspace
South Korea warns Russia strongly over airspace violation
Anti-Japanese car movement sparks backlash
Korean victims of forced labor file for sale of seized Mitsubishi assets
'Tokyo's removal of Seoul from whitelist undermines fair trade'
Korean gets 14 years' jail for armed robbery in Vietnam
Japan's third invasion
Chaebol expands US investment to minimize fallout from Seoul-Tokyo conflict
Lawmakers of S. Korea, Japan to meet next week to discuss trade conflict
Single-parent families suffer financial difficulties
Celebrating Korea-Czech relations
Stay cool and beat the heat
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