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Reporter : Anna J. Park
Thu, November 30, 2023 | 10:51
BNP Paribas continues to back women in Korean film industry
BNP Paribas Korea's Territory Head Aymar De Liedekerke Beaufort, right, presents the “BNP Paribas Asian Shorts Award” to winners during the closing ceremony of the Seoul International Women's Film Festival (SIWFF) at Sangnam Megabox in Seoul, Wednesday. BNP Paribas has been an official sponsor of the SIWFF since 2019. Courtesy of BNP Paribas Korea
Savings banks suffer earnings declines in Q2 due to higher costs
Major savings banks saw earnings nosedive in the second quarter of this year compared to the same period of 2022 due to soaring costs stemming from rising interest rates.
CFD trading to partially resume with tighter regulations from September
Local securities firms will partially resume contract for difference (CFD) trading from September, while financial regulations will be strengthened to prevent stock manipulation schemes utilizing the derivative products. A CFD is a high-risk leveraged derivative contract that allows speculation on short-term market movements, without having to own real assets.
Woori Financial Group on track for carbon neutrality by 2050
Woori Financial Group announced, Thursday, that it obtained approval from the Science Based Targets initiative (SBTi) for the group's mid- and long-term carbon reduction targets. SBTi is a global body that partners with various international organizations, including the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF) and the Uni...
Korea Fintech Week 2023 brings financial giants and startups together
Korea's fintech sector will be strengthening partnerships with major financial groups, seeking win-win strategies in an accelerated digital transformation era. While fintech enterprises can spur the development of traditional financial giants by providing innovative business-to-business (B2B) models, fintech venture firms' ingenious services will also reach a wider number of ...
COVID-19 special loan repayments on track for 'soft landing'
Massive amounts of special loans and benefits granted to small and medium-sized enterprises (SMEs) and mom-and-pop businesses during the COVID-19 crisis are on a stable path to repayment, according to the top financial regulator.
KDIC resumes M&A process of MG Non-Life Insurance
The Korea Deposit Insurance Corporation (KDIC) has officially kicked off the M&A bidding process for MG Non-Life Insurance this week. Samjeong KPMG, the lead sale manager of the deal, plans to receive Letter of Intent (LOI) submissions by potential buyers by Oct. 5 in order to select preliminary bidders.
FSC emphasizes importance of exporting financial infrastructure model
Financial authorities plan to announce a set of measures aimed at fostering exports of local financial infrastructure models during the second half of this year. Financial infrastructure refers to an underlying technological system for financial transactions, such as payments and remittances. The Financial Services Commission (FSC), the top financial regulator in the country,...
Why do minority shareholders of HMM endorse Hapag-Lloyd's bid?
Following the end of preliminary bidding early last week to acquire HMM, some of the container transport company's minority shareholders have come together to support an acquisition bid by German shipping giant Hapag-Lloyd.
Companies call for delay of mandatory ESG disclosure
Companies with a capital size of over two trillion won ($1.5 billion) will be obligated to publish disclosures on their environmental, social and corporate governance (ESG) activities from 2025. However, a recent survey shows even large conglomerates find the timeline too hasty.
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