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Wed, October 4, 2023 | 18:58

Crypto.com's inroads into Korea contrasts with struggling Binance

Crypto.com's inroads into Korea contrasts with struggling Binance

Crypto.com, a Singapore-based crypto exchange, is making stable gains in the Korean market but Binance, a global crypto exchange platform, is stuck at a crossroads amid prolonged regulatory challenges.

Lee Min-hyung | 2023-08-17 16:51

Young bankers choose early retirement amid soaring bank profits

Young bankers choose early retirement amid soaring bank profits

The age of bankers opting for voluntary retirement is consistently decreasing, with even those in their late 30s now taking this route. Market watchers attribute this trend to a surge in banks' profits, leading to favorable early retirement terms, and a growing inclination among individuals to swiftly plan for the next chapter of their lives.

Lee Yeon-woo | 2023-08-17 16:45

Authorities blame internet-only banks' mortgage loans for high household debt

Authorities blame internet-only banks' mortgage loans for high household debt

Financial authorities are closely watching internet-only banks, identifying their non-face-to-face mortgage loans as a contributing factor to the rapid surge in household debt. Authorities are investigating whether the loan screening procedures and management of default rates of such banks are appropriate.

Lee Yeon-woo | 2023-08-17 16:31

Woori chief encourages affiliates after disappointing performance in H1

Woori chief encourages affiliates after disappointing performance in H1

Woori Financial Group Chairman Yim Jong-yong is visiting the group's major affiliates to encourage employees in the wake of the group's disappointing performance during the first half of this year.

Lee Yeon-woo | 2023-08-17 08:23

Mirae Asset takes over Australia's leading robo-advisor company

Mirae Asset takes over Australia's leading robo-advisor company

Mirae Asset Global Investments has acquired a 53 percent stake in Australia's leading robo-adviser Stockspot for around 24 billion won ($180 million), to accelerate its expansion into the artificial intelligence (AI)-converged financial market, the company said Wednesday.

Lee Min-hyung | 2023-08-16 15:20

Citibank Korea CEO becomes highest-paid bank CEO

Citibank Korea CEO becomes highest-paid bank CEO

Citibank Korea CEO Yoo Myung-soon was the highest-paid leader in the Korean banking industry in the first half of the year, data showed, Tuesday.

Yi Whan-woo | 2023-08-15 16:36

Toss Bank's AI system spots fake IDs, prevents fraud

Toss Bank's AI system spots fake IDs, prevents fraud

Toss Bank announced that its real-time artificial intelligence (AI) system has contributed to preventing financial fraud. The digital bank said its AI-based detection system has spotted over 600 fake IDs, undermining attempts to open up fraudulent accounts.

Anna J. Park | 2023-08-15 15:10

K bank posts 41.4 percent jump in quarterly net profit in Q2

K bank posts 41.4 percent jump in quarterly net profit in Q2

K bank has achieved a net profit of 14.7 billion won ($11 million) during the second quarter of this year, due mainly to expanded business operations as well as diversified loan portfolios.

Anna J. Park | 2023-08-14 16:53

Hana joins hands with financial watchdog to nurture young digital experts

Hana joins hands with financial watchdog to nurture young digital experts

Hana Financial Group and the Financial Supervisory Service (FSS) are co-hosting the second edition of a project aiming to foster young workers skilled in digital technologies after successfully completing the first edition last month, the banking group said Sunday. Also joined by Google Korea, Amazon Web Services Korea, Microsoft Korea and SK Telecom, the Hana Digital Power O...

Yi Whan-woo | 2023-08-13 16:51

Bank CEOs may face liability for lax internal controls

Bank CEOs may face liability for lax internal controls

Commercial bank CEOs could face liability if their companies are caught committing forgery, embezzlement and other financial crimes, all of which have been rampant lately in the banking industry, according to financial industry officials, Sunday.No bank CEOs have so far been held accountable for the above-mentioned crimes. Frustratingly, few of the CEOs have succeeded in find...

Yi Whan-woo | 2023-08-13 16:16

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Top 10 Stories

1	Public transit fares to increase in Seoul and Busan this week

2	Ruling party vows to investigate China's alleged influence operations

3	Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

4	Korean steelmakers on alert over initiation of EU carbon border tariff

5	Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

6	30 out of 74 major financial companies lack female board member

7	Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

8	Lawmakers want chairmen of financial firms held accountable over misconduct

9	Dong-A Socio Group’s honorary chairman passes away at 96

10	Returning home from Chuseok holiday

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