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Fri, September 30, 2022 | 21:52
Woori expected to shine in Q2 performance
Woori Bank is expected to shine due to its better-than-expected performance in the second quarter thanks to rising household loans and returns from its provisions set aside for possible losses, analysts said Monday.
Future of fintech is wide open
At Man AHL, we have a few core beliefs, and chief among them is that clients come first. Many firms would make the same claim. But where we differ is the approach we take to delivering a client first business _ we apply rigorous science to the financial markets.
KDB invests in Chinese stock markets with RMB
Korea Development Bank (KDB) kicked off its investments in Chinese stocks and bonds with the renminbi, becoming the first Korean lender qualified to raise yuan offshore to invest in onshore capital markets in China, the policy bank said Sunday.
Banks to halve new employment quota
The nation’s five largest banks plan to hire half the number of new employees in the second half of the year compared to 2015, as they struggle to settle down after mergers and overcome exposure to troubled shipbuilders, the lenders said Sunday.
Oil prices expected to move in tight range
International oil prices will not increase further as newly developed U.S. shale gas production is keeping a low ceiling, a central bank report said Wednesday.
Citi to pay W10 million for info on illegal moneylenders
Citibank Korea said Thursday that it will pay up to 10 million won ($8,650) to those who contribute to the arrest of criminal rings conducting illegal promotional activities for high-interest loans, showing a strong determination to root out such practices.
Korea faces risk of losing AIIB vice president post
Korea faces risk of losing its vice president and chief risk officer (CRO) post at the Asian Infrastructure Investment Bank (AIIB) as the China-led development bank seeks to kick Hong Kyttack out due to his problematic supervision of Daewoo Shipbuilding & Marine Engineering (DSEM) as chief of the Korea Development Bank (KDB).
FTC falsely accused banks
Four years after investigating allegations that six banks colluded to increase benchmark interest rates for mortgages, the Fair Trade Commission (FTC) has ended up empty-handed after failing to prove the accusation.
Magnitude 5 earthquake detected off coast of Ulsan
A magnitude 5 undersea earthquake was detected 52 kilometers off the coast of the southeastern port city of Ulsan, the nation’s meteorological agency said Tuesday.
KRX in hot seat over board director appointment
The Korea Exchange (KRX) is in the hot seat over its appointment of a board director - as the bourse operator’s labor union opposes the former executive at the financial regulator - saying the company surrendered to outside influence.
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