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Reporter : Anna J. Park
Sat, October 16, 2021 | 07:48
Finance minister joins gov't efforts to voice concerns over US pressure on Samsung
Finance Minister Hong Nam-ki joined a recent series of government actions to voice concerns about the U.S. government's move to pressure Samsung Electronics to provide sensitive information about its supply chain.
Policies | 2021-10-15 17:36
Hefty Q3 profits forecast for major banks
Major Korean banks are expected to log solid profits for the third quarter, due mainly to an increase in loans amid rising interest rates.
Banks | 2021-10-15 15:58
Carlyle Group to acquire A Twosome Place coffee chain
The Carlyle Group plans to acquire Korea's No. 2 coffee chain, A Twosome Place, for around 800 billion won ($669 million). The global investment firm is known to be in the final phase of negotiations with Hong Kong-based Anchor Equity Partners, the current owner of the franchise.
Markets | 2021-10-14 09:05
Supply chain crisis, strengthening dollar burdening Samsung
The stock price of Samsung Electronics ― Korea's largest company by market cap ― fell more than two percent Tuesday, finishing at 69,000 won ($57.55), as macro-driven uncertainties are sapping the demand for finished goods such as consumer devices, which could possibly hurt the company's growth momentum.
IT | 2021-10-12 17:17
Convenience store meets bank
Hana Bank will open its first branch inside a local convenience store, located in Songpa District, southern Seoul, Monday. This is the first time that a commercial bank has opened a branch inside a convenience store here. Customers can complete about 50 banking tasks via the bank's smart self-zone, a digital self-banking window, 24 hours a day inside the convenience store, wh...
Banks | 2021-10-12 16:21
Societe Generale wins lawsuit against NTS
The Supreme Court ruled on Monday in favor of French lender Societe General, which had filed a lawsuit against the National Tax Service (NTS) in 2016 claiming it was slapped with excessive taxes.
Banks | 2021-10-11 16:16
LINA Korea to be sold to Chubb
U.S.-based insurance group Chubb will become the new owner of LINA Life Insurance of Korea, after the group agreed to acquire it and other businesses in the region from Cigna aiming to boost the group's presence in Asia.
Markets | 2021-10-11 08:40
More foreigners turn to NPS for annuity
A lawmaker noted Sunday that an increasing number of foreign nationals living in Korea are relying on the National Pension Service (NPS), the country's state-run pension operator, for funding during their retirement.
Markets | 2021-10-10 17:23
China liquidity risks, supply chain disruptions to weigh on stock markets
China's liquidity risk and global supply chain disruptions are expected to continue weighing on local stock markets, as these could cause wider volatility both here and abroad, experts said Sunday. They point out that among the mounting issues burdening global stock markets, the unresolved liquidity crisis facing Chinese real estate developer Evergrande is just one problem th...
Markets | 2021-10-10 14:31
Short-selling system still leaves retail investors at a disadvantage
Following the resumption of short-selling on local stock markets in May, the trading system is once again being largely dominated by foreign investors.
Policies | 2021-10-08 08:41
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Daily life in Haiti after a series of environmental disasters and political unrest
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