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Sat, December 9, 2023 | 13:53
Shinsegae wins big on duty free license
Shinsegae Corp. was among the big gainers on Monday after it secured a license Saturday to operate a downtown duty free shop, with analysts anticipating that it will have further opportunities to expand.
Internet banking subscribers hit 115 million
The number of the country’s Internet banking users exceeded 115 million as of September as customers increasingly conduct financial transactions on their mobile devices, the Bank of Korea (BOK) said Monday.
Korea cuts aid for global poor on uncertainty
Korea, pressured by financial woes, is spending less on the poor in developing and underdeveloped countries than its more wealthy peers, government officials said Friday. “The government's debt and spending have soared in the past year, following massive stimulus packages and a supplementary budget aimed at boosting anemic growth and conducting costly welfare policies,” an official at the Ministry of Strategy and Finance said.
Woori seeks expansion in emerging Asia
Woori Bank will add 100 overseas branches next year in five Southeast Asian countries in an aggressive push to generate growth away from the saturated domestic market. “We have recently drawn up our expansion strategy in the Philippines, Indonesia, Vietnam, Myanmar and Cambodia,” a bank official said Friday. “The expansion will be largely propelled by mergers and acquisitions...
'Dr. Guinness' never stops learning
“Know something of everything and everything of something!” is the advice given by Lee Wang-yul, the Guinness World Record holder for having the highest number of diplomas and certificates at 116.
Base rate unchanged, cut expected next year
The Bank of Korea (BOK) kept its key interest rate unchanged at an all-time low of 1.5 percent amid growing global uncertainty ahead of a widely expected U.S. rate hike in December.
Korea eyes hidden overseas assets
The Korea Deposit Insurance Corp. (KDIC) said Wednesday that it will cooperate with prosecutors to recover illegal assets hidden overseas by Koreans, as a move to boost the country’s tax revenue.
Essay award winners talk fintech
Financial technology and private banking dominated the themes of this year’s English Economic Essay Contest hosted by The Korea Times as ways to help banks weather declining margins and find new growth engines.
Samsung Engineering wins Uzbekistan deal amid losses
Samsung Engineering said Tuesday it was aiming to make a deal to build a petrochemical plant in Uzbekistan based on a conceptual study it will conduct for the country’s state project.
KEB Hana steps up drive to woo foreign customers
KEB Hana Bank said Monday that it is stepping up efforts to woo foreign customers by opening a second international private banking center in Busan next year.
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