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Sun, September 24, 2023 | 16:18
Hanwha Life seeks larger share in Vietnam
Hanwha Life Insurance said Thursday that it is aiming to become the fifth largest life insurance company in Vietnam by 2020 as it sees huge potential in the rapidly-growing economy.
KDB pledges to incubate startups
The state-run Korea Development Bank (KDB) said Thursday it will continue to offer help to startups, following a recent 150 million won ($132,000) project for selected firms.
KAI, Airbus Helicopters cooperate in exports
Korea Aerospace Industries (KAI), the country’s sole aircraft manufacturer, said Wednesday it has signed a partnership with Airbus Helicopters to export Korean-made small helicopters.
Direct buying weighs on inflation, product prices
Korea’s increased direct buying from overseas online shopping malls will further keep consumer prices in check, the Bank of Korea (BOK) said Wednesday.
Bidding for KDB Daewoo heats up
Four initial bidders have entered the race to acquire a controlling stake in KDB Daewoo Securities, the Korea Development Bank (KDB) said Tuesday.
Shinhan Bank bets on foreign niche market
Shinhan Bank says it will further strengthen services for foreign individuals and companies operating here as part of efforts to generate a new growth engine.
Paid parking lot market in the making nationwide
Korea is still at toddler's stage in the paid parking lot business but with the potential for explosive growth in coming decades, analysts and industry people said Sunday. The country’s paid parking market valued at 100 billion won ($88 million) looks pale before Japan's 3 trillion won market. Given the current number of its registered vehicles is one fifth of Japan's, the pa...
M&As, higher fees solution for Korean banks
Banking veteran Ha Yung-ku, chairman of the Korea Federation of Banks (KFB), urged banks to seek M&As in selective markets and raise commission and non-interest income levels for growth.
Weak exports to weigh on growth
Korea posted a 16 percent year-on-year decline in exports last month, with analysts expecting declining shipments to weigh on the country’s growth amid China’s slowdown and the won’s strength.
Customers to gain from bank account transfers
Korean banks are facing a tougher time as bank account relocating services began Friday, raising concerns that competition to woo customers may further squeeze margins, according to officials and analysts.
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