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Thu, December 8, 2022 | 09:01

KakaoBank, Kakao Pay employees agonize over stock price plunge

KakaoBank, Kakao Pay employees agonize over stock price plunge

As the stock prices of key Kakao affiliates continue to plunge, employees at KakaoBank and Kakao Pay, who spent hundreds of millions of won to purchase their company's stocks when they went public last year, are suffering from snowballing losses. The stock prices of KakaoBank and Kakao Pay have been falling to new lows for consecutive sessions lately. KakaoBank's stock price ...

Anna J. Park | 2022-10-13 16:50

SillaJen shares soar after trading resumes

SillaJen shares soar after trading resumes

SillaJen's share price soared around 30 percent after its long-suspended stock trading resumed on Thursday. The Kosdaq-listed biopharmaceutical firm closed at 10,850 won per share, up 29.47 percent, or 2,470 won, on expectations of its business recovery.

2022-10-13 16:21

Scandal-ridden bio firm Sillajen to resume trading after 2.5-year suspension

Scandal-ridden bio firm Sillajen to resume trading after 2.5-year suspension

South Korea's bourse operator on Wednesday decided to allow scandal-ridden bio firm Sillajen Inc. to resume its stock trading after a 2 1/2-year suspension

2022-10-12 18:36

[INTERVIEW] Women bring competitive edge with 'rainbow leadership': KB Securities CEO

INTERVIEWWomen bring competitive edge with 'rainbow leadership': KB Securities CEO

Women contribute their “rainbow leadership” to organizations, succeeding in the hyper-competitive, male-dominated Korean business environment through utilizing their competitive edge in communication skills, multitasking capabilities and high level of concentration, KB Securities co-CEO Park Jeong-rim said in an interview with The Korea Times. Park took office as the leader o...

2022-10-12 08:26

Kakao Pay Insurance launches first product

Kakao Pay Insurance launches first product

Kakao Pay Insurance officially launches its very first insurance plan this week, aiming to solidify its position as the country's representative fintech-led digital non-life insurer. It took six months for the digital insurer to come up with its first product, since the country's financial regulator, the Financial Services Commission (FSC), gave the green light to the firm to...

Anna J. Park | 2022-10-11 16:12

What needs to be done to shore up Korea's economy in times of crisis?

What needs to be done to shore up Korea's economy in times of crisis?

In August, I attended the opening ceremony of KEXIM Global (Singapore) Ltd., Korea Eximbank's subsidiary in Singapore. The event was organized to announce Korea Eximbank's resumption of operations in Singapore after 25 years of absence due to the Asian Financial Crisis, and also to launch the bank's new regional financing hub in the Asia-Pacific region.

2022-10-11 08:28

Woori chief discusses climate crisis with United Nations

Woori chief discusses climate crisis with United Nations

Woori Financial Group Chairman Son Tae-seung pledged to strengthen cooperation with international organizations for the restoration of nature and climate finance. Son embarked on his business trip to Europe for four days from Oct. 4 and visited a series of international organizations dedicated to fulfilling environmental, social and corporate governance (ESG) values.

2022-10-10 16:24

Banking CEOs to make rare appearance at Assembly audit over irregularities

Banking CEOs to make rare appearance at Assembly audit over irregularities

The CEOs of five major commercial banks will be summoned to the National Assembly for an audit, Tuesday, in the wake of fraud, embezzlement and other serious irregularities involving lenders. The five CEOs - Lee Jae-keun of KB Kookmin Bank, Jin Ok-dong of Shinhan Bank, Park Sung-ho of Hana Bank, Lee Won-duk of Woori Bank and Kwon Jun-hak of NH Nonghyup Bank - will appear as w...

2022-10-10 15:47

KB-controlled Indonesian bank rises in Jakarta financial watchdog's rating

KB-controlled Indonesian bank rises in Jakarta financial watchdog's rating

An Indonesian bank controlled by KB Kookmin Bank has received virtually the highest rating from Indonesia's financial watchdog, the Korean lender said Sunday. KB Bukopin moved up its risk-based bank rating (RBBR) to Level 2 from Level 3 on a five-point grading scale from Otoritas Jasa Keuangan (OJT), an Indonesian government agency that regulates and supervises the financial ...

2022-10-10 08:26

Internal business transactions soar at Naver and Kakao

Internal business transactions soar at Naver and Kakao

Naver and Kakao, Korea's leading IT platform companies, each recorded internal transactions worth over one trillion won ($700 million) last year. While the volume of the internal transactions doubled at Naver during the past four years, Kakao logged a seven-fold increase in such settlements during the same period. According to documents submitted by the Fair Trade Commission ...

Anna J. Park | 2022-10-09 15:50

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