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Fri, September 30, 2022 | 21:35
Banks raise handling fees amid low interest rates
Banks are rushing to raise handling fees for financial services, seeking to boost their bottom lines hit hard by low interest margins and large provisions for loan losses, bank officials and analysts said Tuesday.
Hanwha introduces variable life insurance policy
Hanwha Life said Monday that it has introduced a variable life insurance policy guaranteeing up to 130 percent of the premiums no matter how much it loses with its investments, providing stable income to policyholders after they retire.
BOK to relocate 9 trillion won in banknotes to Gangnam
The Bank of Korea (BOK) will relocate 9 trillion won worth of banknotes to its Gangnam office next year as the central bank remodels its headquarters in downtown Seoul, officials said Friday.
Ruling reignites 'suicide insurance' debate
A man, surnamed Park, committed suicide in 2012, lying on a railway track in Okcheon, North Chungcheong Province, after suffering depression as private moneylenders pressured him to pay back a debt of 50 million won.
Fate of Hyundai Merchant remains murky
The fate of the troubled Hyundai Merchant Marine (HMM) is up in the air as its creditors and ship owners failed to reach an agreement to cut charter fees, Wednesday, a key condition to keep the debt-ridden shipper afloat.
Hyundai Merchant, ship owners fail to reach deal over charter fee cut
Hyundai Merchant Marine (HMM) failed to reach a deal with four key containership owners that troubled shipper chartered vessels from over cutting their fees, raising the possibility that the company will be put under court receivership, creditors said Wednesday.
KKR seeks to help Korean companies go global
George Roberts wants to help Korean companies go global by introducing good mergers and acquisitions (M&A) deals in overseas markets to them.
Mirae Asset chief meets Saudi Prince Alwaleed
Mirae Asset Financial Group Chairman Park Hyeon-joo met Saudi Arabian Prince Alwaleed Bin Talal, Monday, said company officials.
Shinsegae chief warned for hiding stake
The financial regulator said Monday that it gave Shinsegae Group Chairwoman Lee Myung-hee a warning for violating a public disclosure rule, as she “hid her stake in the group’s affiliates under the names of members of her staff.”
Daewoo Shipbuilding loses control in Canadian wind power plant subsidiary
Daewoo Shipbuilding & Marine Engineering (DSME) has lost its control in a Canadian wind power manufacturing subsidiary, as the joint venture with the Nova Scotia provincial government filed for receivership in March, company officials and the Canadian media reported Sunday.
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