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Sun, January 20, 2019 | 01:33

Economy >

Internal feud at Kookmin Bank deepening

The feud between KB Kookmin Bank workers and management is getting extreme. Representatives of the two sides continued talks to settle labor issues even after the Jan. 8 strike, but have yet to reach an agreement.

Finance | 2019-01-17 18:23

SC Korea gets capital injection

Standard Chartered (SC) Bank Korea has received a capital injection worth 100 billion won from its parent company based in London, the Seoul unit said Thursday. The multinational banking group, SC Group, will invest 600 billion won in 10-year bonds issued by SC Bank Korea, offering a precondition of paying 500 billion won in semiannual dividends. This marks the first time SC ...

Finance | 2019-01-17 17:05

Fintech firms rushing to enter insurance business

KakaoPay, a fintech arm of Kakao Corp., has formed strategic ties with online insurance purchase platform Inbyu, short for “insurance by you,” to enter the insurance market.

Finance | 2019-01-17 18:23

Kyobo leadership program

Students participating in the CHANGE Kyobo Life Youth Leadership Camp pose at the insurer's training center in Cheonan, South Chungcheong Province, Thursday. Forty teenagers from across the country participated in the three-day leadership education program hosted by the life insurer. / Courtesy of Kyobo Life Insurance

Photo News | 2019-01-17 18:23

Digital partnership

Shinhan Bank CEO Wi Sung-ho, right, shakes hands with Zalo CEO Vuong Quang Khai after signing a memorandum of understanding at the latter's headquarters in Ho Chi Minh City, Vietnam, Wednesday. The two agreed to strengthen cooperation in the digital sector and celebrated the launch of “Pocket Loan,” a simplified loan product based on Zalo's online platform. Courte...

Photo News | 2019-01-17 18:23

Seoul mulls opening portal for foreign investors

The Korea Exchange (KRX) is considering developing a portal for foreign investors seeking corporate information in English before deciding to invest in local shares, according to the stock market operator, Tuesday. This comes as the capital market lacks a system enabling easy access to such information in English. “A related department is considering such a move. The idea for...

Finance | 2019-01-16 16:47

Has bitcoin bubble popped?

With bitcoin continuing to lose ground, there is growing pessimism about the future of cryptocurrencies. Some believe that the bitcoin bubble has already burst, expecting that the price of the most popular digital coin will either hover around $3,500 or drop further.

Finance | 2019-01-16 16:53

Gov't to create ecosystem for digital economy

Finance Minister Hong Nam-ki has vowed to revitalize the economy by creating a digital market where startups and big companies freely use big data and artificial intelligence technologies. His pledge came as he extended President Moon Jae-in's request to the heads of local business-interest groups for close cooperation in carrying out this year's key projects and initiatives ...

Finance | 2019-01-16 16:56

Golden time to spur fintech: FSC chief

The Financial Services Commission (FSC) will rapidly move to further ease rules and revise laws governing nonbanks and startups developing and commercializing financial technologies and services. In a meeting with fintech companies at a startup center in Seoul, Wednesday, FSC Chairman Choi Jong-ku said this was the “golden time” for the industry to lead a change in finance th...

Finance | 2019-01-16 16:28

Non-life insurers urged to pioneer new markets

General Insurance Association of Korea Chairman Kim Yong-duk said non-life insurers should now look for new markets to overcome their deteriorating business environment.

Policies | 2019-01-16 17:00

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