KoreaTimes - Companies

Entertainment & Arts

Qatar 2022

SCMP
Asia

Entertainment & Arts

Qatar 2022

SCMP
Asia

Finance

Companies

Sun, November 27, 2022 | 04:08

KB Financial introduces ethical criteria on AI-based banking

KB Financial introduces ethical criteria on AI-based banking

KB Financial Group has introduced a set of criteria to ensure ethical rules are observed when developing and using artificial intelligence (AI), the company announced on Monday. KB Financial Group will be Korea's first financial services firm to address ethical guidelines on AI, as the banking sector's reliance increases on cutting-edge technologies.

Yi Whan-woo | 2022-10-24 16:46

Eximbank holds OECD Environmental and Social Practitioners' Meeting

Eximbank holds OECD Environmental and Social Practitioners' Meeting

The Export-Import Bank of Korea (Eximbank) is holding a meeting of environmental and social practitioners, this week, to help address environmental and social issues when providing officially supported export credits.

2022-10-24 15:41

KakaoBank faces uphill battle after service disruption

KakaoBank faces uphill battle after service disruption

KakaoBank faces a bumpy road ahead in the banking business over the recent service outage of its parent company, Kakao, which revealed a serious shortfall in tech expertise and crisis management abilities. This shortfall comes after Kakao, one of the country's tech giants, capitalized on its prowess as a platform operator and relentlessly advanced into industries earmarked fo...

Yi Whan-woo | 2022-10-23 17:10

Kakao Pay unlikely to join MSCI due to falling stock price

Kakao Pay unlikely to join MSCI due to falling stock price

Kakao Pay is unlikely to join the MSCI index in November due to the firm's rapidly-falling market capitalization, market analysts said Friday. The mobile payment and digital wallet affiliate of tech giant Kakao had been widely anticipated to be included in the index after it went public on the benchmark KOSPI last year. But given the increasing market volatility here, the fir...

Lee Min-hyung | 2022-10-21 15:40

Shinhan set to regain title as Korea's leading financial group

Shinhan set to regain title as Korea's leading financial group

Shinhan Financial Group is forecast to regain its title as Korea's leading banking group in 2022 after ceding the position to archrival KB Financial Group for the past two years. According to data from market tracker FnGuide, Shinhan is estimated to have chalked up a net profit of 1.5 trillion won ($1.04 billion) in the third quarter, the largest among local financial firms. ...

Lee Min-hyung | 2022-10-21 14:39

KRX, Naver join hands to invigorate listed firms' English disclosure

KRX, Naver join hands to invigorate listed firms' English disclosure

Korea's bourse operator said Thursday it signed a memorandum of understanding (MOU) with internet portal giant Naver to invigorate the English public disclosures by listed firms here.

2022-10-20 17:00

Local financial firms' overseas assets quadrupled over last 10 years

Local financial firms' overseas assets quadrupled over last 10 years

Local financial companies' overseas assets have more than quadrupled over the past decade, as the expansion of local firms into foreign markets increased, mostly in the U.S. and Southeast Asia. This is according to the latest research conducted by CEO Score, a local corporate data research firm.

Anna J. Park | 2022-10-19 16:28

POSCO Holdings Q3 operating profit down 71% to $632.6 million

POSCO Holdings Q3 operating profit down 71% to $632.6 million

POSCO Holdings on Wednesday estimated its third-quarter operating profit at 900 billion won ($632.6 million), down 71 percent from a year earlier.

2022-10-19 09:57

Hana Bank to host US real estate investment seminar

Hana Bank to host US real estate investment seminar

Hana Bank will host a seminar, Friday, on investing in real estate in the United States and opportunities to get a green card through such investment, the company announced on Tuesday. The seminar will take place at Club1, the VIP member club of Hana Bank, in southern Seoul's Samseong-dong.

Yi Whan-woo | 2022-10-18 16:47

Financial companies address IT safety over Kakao fiasco

Financial companies address IT safety over Kakao fiasco

Commercial banks are underlining their IT security measures aimed at protecting customers' data and ensuring undisrupted services, in the wake of the latest service malfunction suffered by the country's two major tech firms - Kakao and Naver. The malfunction was caused by a fire on Saturday at an SK C&C data center that Kakao and Naver had been outsourcing.

Yi Whan-woo | 2022-10-18 16:41

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	PHOTOSWorld Cup 2022 Korea vs Uruguay

2	Crowd control measures keep fans safe during Korea's World Cup game

3	Baemin, Coupang Eats hit for 'inadequate' responses to soaring online orders

4	DPK lawmaker continues 'poverty porn' claim against first lady, sends people to Cambodia

5	Hyundai Motor seeks to recover legacy of Pony

6	Builders on edge over looming construction site shutdowns

7	Wemade stocks plunge to daily bottom on delisting of Wemix coin

8	DPK spokesperson faces growing pressure over false accusations

9	'Canada is predictable, stable partner for Korea,' says Canadian minister

10	Joseon-era calendrical book with details on Admiral Yi Sun-sin returned to Korea

DARKROOM