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Fri, September 17, 2021 | 07:52
Citi rises, SC falls in 2015 earnings
Two foreign lenders operating in Korea showed sharp differences in comparative earnings last year, after Citibank Korea posted 225.7 billion won of net profit while Standard Chartered Bank Korea (SCBK) marked a net loss worth 285.8 billion won, the banks reported Thursday.
BOK chief rebuts ruling party's call for monetary easing
Bank of Korea (BOK) Governor Lee Ju-yeol said Wednesday that the central bank’s current monetary policy is already sufficiently supportive of the economy, rebutting calls from the ruling Saenuri Party that it adopt more aggressive monetary easing.
Shinhan leads in mobile banking with auto loan service
Shinhan Bank said Wednesday that it is in the lead in the emerging mobile banking market with its application Sunny Bank offering competitive foreign exchange (FX) and car loan services.
Eximbank extends $13.3 million in loans to Cambodia
The Export-Import Bank of Korea (Korea Eximbank) said Tuesday that it will provide $13.3 million in low-interest loans to Cambodia, for a river improvement project.
Three economists, one bureaucrat recommended for monetary policy board
Three economists and one lifelong bureaucrat have been recommended as Bank of Korea (BOK) monetary policy board members, one of the most influential jobs in the financial sector, the central bank said Monday.
Scholar raises questions on stereotype of 'comfort women'
A professor of Japanese literature raised questions on the alleged stereotype of “comfort women,” who were forced into sexual servitude by the Japanese military during World War II.
Education reform key to creating jobs: BOK chief
The chief central banker said Friday that Korea needs to reform its education system so that it will nurture creative thinking, leading graduates to create their own jobs in the “Fourth Industrial Revolution” based on artificial intelligence and big data.
$30,000 income - still a pipe dream
Korea’s gross national income (GNI) per capita dropped 2.6 percent from a year earlier to $27,340 in 2015 on a weaker won against the dollar and slowing economic growth, the Bank of Korea said Friday.
Southeast Asian funds attract investors
Funds investing in stocks in the Southeast Asian countries are rising as they give higher returns, with foreign investors betting on the markets benefiting from Trans-Pacific Partnership (TPP) agreement, a local rating company said Thursday.
Deloitte asks DSME to rewrite financial statement
Deloitte Anjin has asked Daewoo Shipbuilding and Marine Engineering (DSME) to correct its financial statement.
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