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Fri, September 30, 2022 | 23:04
Huawei Korea faces tax audit
The nation’s tax agency has been auditing Chinese smartphone maker Huawei’s Korean unit since last week, looking into transactions with its headquarters in Shenzhen, southern China, company officials said Tuesday.
Growth below 1% for 3rd straight quarter
The nation’s economy grew 0.7 percent from a quarter earlier in the period from April to June, with growth staying below 1 percent for three consecutive quarters on slowing exports, the Bank of Korea (BOK) said Tuesday.
Power consumption surges in hot weather
The country’s power consumption hit a record high for the summer as people turned on their air conditioners to cool off in extremely hot weather, the state power exchange agency said Monday.
KEB Hana promotes 1,000 employees
KEB Hana Bank said Monday that it had promoted 1,000 employees, seeking to integrate workers after merging Korea Exchange Bank (KEB) and Hana’s IT systems last month. The combined bank employs about 30,000.
Chinese enter Korean insurance industry
Chinese companies are setting their eyes on Korean financial industries, especially insurance firms.
Woori plans to issue CoCo bonds worth $500 mil.
Woori Bank said Thursday it plans to issue contingent convertible, or CoCo, bonds worth $500 million, seeking to increase its capital ratio ahead of its next privatization attempt.
Regulator warns banks of membership points war
The Financial Supervisory Service (FSS) issued a warning to KEB Hana Bank, Shinhan Bank and Woori Bank about their overheated competition to attract more customers to their membership clubs, Thursday.
Bank unions vote to stage strike against meritocratic pay
Bank unions voted to stage a strike against the move to implement the meritocratic pay system and easier layoffs, their umbrella union said Wednesday.
London's Lord Mayor assures the city's role of financial center after Brexit
London’s lord mayor said Wednesday that the city will continue to play its role as the world’s leading financial center thanks to its excellent skills and workforce in international finance even after Britain’s decision to leave the European Union (EU).
Bank offers tailored services for employees from Asian countries
A Thai worker in Ansan, Gyeonggi Province, was in trouble after his company went bankrupt a week ago. He had no idea how to find a new employer, but KEB Hana Bank connected him with consulting services at the state foreign workforce employment center.
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