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Reporter : Yi Whan-woo
Wed, February 21, 2024 | 20:58
IBK, Bpifrance sign deal to support SMEs
The Industrial Bank of Korea (IBK) signed a memorandum of understanding (MOU) with Bpifrance, a public investment bank, to bolster cooperation between the two countries on supporting small- and medium-sized enterprises (SMEs), the IBK announced on Thursday.
Ex-Shinhan executive brings credibility as biggest IR asset at battery materials maker
Yu Sung-hun, a former executive at Shinhan Financial Group, finds credibility as the biggest asset that he brings to L&F, a battery materials maker where he was scouted as the chief financial officer (CFO) in September.
Sugar, salt prices surge due to climate change
Sugar and salt prices are surging, raising concerns that the hikes will push up consumer inflation which accelerated in September for the second month in a row.
Eximbank's lending limits hinder Korea-Poland arms deal
The maximum legal cap on the loans and guarantees provided by the Export-Import Bank of Korea (Eximbank) on government-backed exports is standing in the way of Korea’s biggest-ever arms deal with Poland.
Israel-Hamas war likely to increase demand for safe-haven assets
The surprise attack by Hamas militants on Israel, Saturday, is prompting speculation that mounting tension in the Middle East will stoke demand in Seoul for gold, the U.S. dollar, U.S. Treasury bonds and other safe-haven assets.
Best-selling novel of MBK Partners' founder to be made into movie
A best-selling novel written by MBK Partners’ founder and chairman Michael ByungJu Kim will be made into a movie, his company announced on Tuesday.
Gov't, market remain poles apart over household debt concerns
Plenty of coordination between the public and private sector is needed more than ever to tackle surging household debt as mortgage loans in September increased at the fastest pace in two years, despite a 14-year high benchmark interest rate of 3.5 percent, according to financial industry officials, Sunday.
Banks, insurers cut 10,000 jobs amid digital shift
Commercial banks and insurance companies cut back physical branches and nearly 10,000 jobs in the past five years, becoming evermore reliant on digital technology for sales, customer support and other person-to-person services.
Deputy prime minister visits SK hynix plant
Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho visited SK hynix plant in Yongin, Gyeonggi Province, Wednesday - a move in line with the government’s commitment to spur chip industry in the midst of its downturn.
Korea sees record-low births in July
The number of babies born in Korea in July sank to an all-time low, data showed on Wednesday, accelerating the looming demographic crisis and further consolidating the country's transformation into an aging society.