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Reporter : Lee Yeon-woo
Mon, December 11, 2023 | 15:17
Cho Yong-byoung nominated as next KFB leader
Cho Yong-byoung, former chairman of Shinhan Financial Group, has been chosen as the next leader of the Korea Federation of Banks (KFB), Thursday.
[INTERVIEW] Fintech founder hopes to resolve information asymmetry in real estate market
In real estate transactions, where expenses can range from several million to hundreds of millions of won, there is an inherent anxiety involved. The growing incidence of rental fraud exacerbates the fears of those new to the real estate world. This is a market characterized by heightened information asymmetry, a defining trait of the real estate industry.
Coupang’s top executive extends term on robust earnings
Coupang reappointed CEO Kang Han-seung for another term, three years after his initial appointment in November 2020. Kang's leadership in attracting substantial investment and driving robust performance during economic downturns was considered a key factor in his reappointment.
Blockchain moguls explore Korea's potential at Upbit D Conference 2023
International blockchain moguls discussed Korea's potential in the global blockchain market at the Upbit D Conference (UDC), the leading blockchain event in Korea, which kicked off at the Grand Walkerhill Seoul, Monday.
AI-powered banking set to change financial landscape
Finance is challenging yet essential in our daily lives. Its complex jargon and high barrier to entry often discourage the public from engaging deeply with the sector, despite its importance.
Shrinkflation trend grows as companies battle rising costs
As the government attempts to stabilize consumer prices by exerting pressure on the food industry, there's an emerging trend where businesses maintain the same prices for their products but reduce their physical size. Consumer groups contend that this strategy effectively acts as a hidden price hike.
Curbing loan shark industry requires more than strict punishment
President Yoon Suk Yeol recently declared war on the loan shark industry (unlicensed lenders), condemning them for 'sucking the blood of the weak,' due to their practice of charging vulnerable borrowers exorbitantly high interest rates.
Global asset management firms open offices in Korea
Global asset management firms are increasingly turning their attention to the Korean market, driven by the market's robust recovery following the pandemic's conclusion and the easing of the strong dollar trend.
Upbit D Conference grows beyond tech in 2023
Upbit D Conference (UDC), the leading blockchain event in Korea, will broaden its scope in 2024. This time, Dunamu, the operator of the country's largest crypto exchange Upbit, aims to explore and expand the blockchain ecosystem across a wider range of aspects. Along with showcasing cutting-edge developments in blockchain technology, it will also delve into the technology's s...
Toss Securities posts Q3 profit, validating retail-driven earnings
Toss Securities turned a profit in the third quarter, driven by the growth of its international stock trading user base. The profitability achieved this quarter is due primarily to the firm's focus on its retail operations, signaling a structural improvement in its financial health.
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