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Finance

Non-banks

Tue, June 2, 2020 | 02:01

Mirae Asset fined $3.5 mil. for unfair intra-group transactions

Mirae Asset fined $3.5 mil. for unfair intra-group transactions

The Fair Trade Commission (FTC) has fined Mirae Asset Financial Group 4.39 billion won ($3.5 million) for unfair intra-group transactions, the antitrust agency announced Wednesday.

Baek Byung-yeul | 2020-05-27 17:11

ABL Life promotes life insurance policy covering illness

ABL Life promotes life insurance policy covering illness

ABL Life Insurance is promoting a life insurance policy that covers both cancer and severe dementia.

Kim Bo-eun | 2020-05-27 15:19

BC Card's Paybooc app offers convenient payment options

BC Card's Paybooc app offers convenient payment options

As COVID-19 forces in a new lifestyle that minimizes direct human contact, card companies are coming up with more innovative and convenient automatic payment methods using mobile apps. BC Card's Paybooc enables customers to pay with a few simple taps on their mobile devices.

2020-05-26 18:43

Overseas card spending dips by most in over decade in Q1 amid pandemic

Overseas card spending dips by most in over decade in Q1 amid pandemic

Overseas card spending by South Koreans dropped at the fastest rate in over a decade in the first three months of this year on a sharp decline in the number of outbound travelers caused by the COVID-19 pandemic, central bank data showed Tuesday.

2020-05-26 14:27

Samsung Life tarnished by misconduct

Samsung Life tarnished by misconduct

The country's No. 1 life insurer's reputation has been marred by a series of “misconducts,” including refusal to comply with orders by the financial authorities to make payments to claimants. Samsung Life Insurance has also been found to have continued to entrust its investments to its affiliate Samsung Asset Management despite the latter's poor achievements.

Kim Bo-eun | 2020-05-26 09:49

Banks seeking to minimize fallout from Lime, DLF

Banks seeking to minimize fallout from Lime, DLF

The launch of a "bad bank" that will take over the troubled Lime Asset Management's funds will likely be delayed, as the financial firms tasked with setting it up have yet to reach an agreement over which entity will become the largest shareholder. A bad bank is a corporate structure set up to buy poorly performing assets from another financial institution.

Kim Bo-eun | 2020-05-25 16:48

Hyundai Card offers personalized spending insights

Hyundai Card offers personalized spending insights

Hyundai Card said Monday it is offering personalized spending insights, based on the newest feature added to Hyundai Card's smartphone app.

Kim Bo-eun | 2020-05-25 16:47

Brokerages' overseas earnings hit by COVID-19

Brokerages' overseas earnings hit by COVID-19

Korea's major securities firms saw earnings from overseas subsidiaries switch to a deficit in the first quarter of this year amid global market volatilities triggered by COVID-19. Korea Investment & Securities saw its overseas income plunge to a net loss of 55.64 billion won, from a net profit of 34.71 billion won a year earlier.

Kim Bo-eun | 2020-05-25 16:11

5 candidates vying to lead KICPA

5 candidates vying to lead KICPA

A record five candidates began a fierce competition to become the president of the Korean Institute of Certified Public Accounts (KICPA).

Park Jae-hyuk | 2020-05-25 09:26

[INTERVIEW] Hyundai Capital sees epic growth overseas

[INTERVIEW] Hyundai Capital sees epic growth overseas

The year 2019 was definitely meaningful for the global business of Hyundai Capital which operates in the United States, Canada, Brazil, Germany, the United Kingdom, Russia, India, China, Australia and Singapore.

Park Jae-hyuk | 2020-05-21 16:40

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