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Reporter : Anna J. Park
Thu, December 8, 2022 | 09:24
Mid-sized brokerage firms undergo restructuring to secure liquidity
Daol Investment & Securities is receiving applications from its full-time employees for voluntary retirement until next Monday. It is the first time in nearly 10 years that the brokerage firm has conducted a voluntary resignation program since 2013. Those who with over five years of experience will be granted about 13 to 18 months' worth of salary, once their resignations com...
Digital capabilities to determine competitive edge for local banks: Deloitte report
Korea's banking sector has been quickly innovating with expanded roles taken by digital banking since the COVID-19 outbreak. This deepened reliance on digital banking is not confined to Korea. “Digital maturity,” or an organization's ability to respond and adapt to technological trends, has been surveyed to have risen across the entire banking sector globally over the past tw...
Why does Suhyup look to DGB as role model?
Suhyup, or the National Federation of Fisheries Cooperatives, which announced plans to establish a financial holding company next year comprised of a variety of financial subsidiaries, is aiming to follow in the footsteps of DGB Financial Group.
Mid-tier brokerages seek to increase liquidity
Amid the soaring global interest rates and faltering stock market actions, small and mid-sized local brokerage companies are focusing on increasing liquidity in preparation for market uncertainties stemming from macroeconomic changes.
Meritz Financial stock soars over decision to incorporate affiliates
Meritz Financial Group recorded another winning streak in its stock price on Wednesday, attributed to its decision to incorporate its key brokerage and non-life insurance affiliates by early next year.
Local stocks soar over business partnerships with Saudi Arabia
With Saudi Crown Prince Mohammed bin Salman Al Saud visiting Korea, Thursday, the stock prices of local corporations in various sectors saw an upward trend during the day's trading, reflecting the markets' buoyed expectations for business and construction partnerships with Saudi Arabia.
Korea's younger generation becomes more apathetic to marriage
Six out of 10 Koreans in their 20s and 30s think that getting married is no longer a must. Also, the lack of money is a major factor influencing the younger generations' decisions to avoid marriage. This is according to Statistics Korea's latest social survey results, which were announced on Wednesday.
Securities firms to focus on recession-targeted investment banking
Amid freezing market sentiment in most investment banking business areas, ranging from M&A deals and public offerings to real estate project financing, local securities firms are bracing to focus on recession-targeted growth strategies. Specifically, major securities companies plan to restructure their corporate and equity capital market departments, so as to respond nimbly t...
Impending divorce of 5th-richest man in Korea draws speculation over asset division
As Smilegate founder and Chief Visionary Officer (CVO) Kwon Hyuk-bin appears to be facing an imminent divorce with his wife, Lee Hwa-jin, media attention is already focusing on the couple's potential asset division, which is expected to be the highest amount ever seen in the country. According to industry insiders earlier this week, the Seoul Family Court recently granted an ...
Saehan Venture Capital faces liquidity crisis
Saehan Venture Capital plans to sell the entirety of its owned shares of Dunamu and Viva Republica to pay off an 80 billion won ($60 million) debt that matures this Thursday. Throughout this year, the company already paid a total of 4.5 billion won in interest for the 80 billion won debt.
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