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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Companies

Sun, January 29, 2023 | 20:40

K bank to delay IPO to early next year

K bank to delay IPO to early next year

K bank has decided to delay its initial public offering to early next year, amidst worsening investor sentiment and growing market concerns. According to the financial industry Monday, the country's first internet-only bank has recently notified its financial investors that it would change its target timeline for the IPO to January. Since passing the preliminary examination f...

Anna J. Park | 2022-10-31 16:43

Industrial output falls for 3rd month; retail sales, facility investment retreat in Sept.

Industrial output falls for 3rd month; retail sales, facility investment retreat in Sept.

Korea's industrial output fell in September for the third month in a row, data showed Monday, with retail sales and facility investment also losing ground, hinting the country's economic recovery may be losing steam.

2022-10-31 10:02

Hana Bank partners with Lotte to manage assets of elderly clients

Hana Bank partners with Lotte to manage assets of elderly clients

Hana Bank has teamed up with Lotte Engineering & Construction to launch a customized asset management service for senior customers, whose numbers are growing due to the nation's aging population, the lender said Sunday.

Lee Min-hyung | 2022-10-30 16:40

How Samsung shares will fare under Lee's chairmanship

How Samsung shares will fare under Lee's chairmanship

The outlook for share prices of Samsung Electronics and other affiliates is attracting keen market attention after Samsung Electronics' de facto leader Lee Jae-yong ended 10 years of vice chairmanship and was officially promoted as its executive chairman, Thursday. Analysts said Friday Lee's promotion on its own will have little impact on the course of Samsung stock prices, w...

Yi Whan-woo | 2022-10-28 17:02

Credit Suisse's Korea operation aims to maintain key status amid restructuring plan

Credit Suisse's Korea operation aims to maintain key status amid restructuring plan

Credit Suisse announced a series of radical restructuring measures to revamp its global banking business on Thursday, after taking three months of thoroughly reviewing and reassessing its strategic future directions. The measures came as the Switzerland-headquartered bank posted its fourth straight quarterly loss for the third quarter of this year. According to its earnings a...

Anna J. Park | 2022-10-28 16:56

Shinhan's securities arm opens first office in Silicon Valley

Shinhan's securities arm opens first office in Silicon Valley

Shinhan Securities has opened an office in Silicon Valley, California - the first among local brokerage houses - with a view to enhancing its expertise in investment banking and its global startup network, the company said. According to the company, Shinhan Securities' Silicon Valley Representative Office started operating from Tuesday.

Lee Min-hyung | 2022-10-27 17:20

KSD to host meeting of Asia-Pacific securities depositories

KSD to host meeting of Asia-Pacific securities depositories

Korea Securities Depository (KSD) will host a meeting of the securities depositories of Asia-Pacific nations next month in Busan. According to the KSD, it will host the 24th Asia-Pacific Central Securities Depository (CSD) Group (ACG) meeting in Busan from Nov. 7 to 10.

2022-10-27 16:38

Hana launches project to nurture digitally minded workers

Hana launches project to nurture digitally minded workers

Hana Financial Group Chairman Ham Young-joo, fourth from right, and Financial Supervisory Service (FSS) Governor Lee Bok-hyun, fourth from left, pose with other participants of a project initiated by the banking group to foster young workers skilled in digital technologies, during a ceremony at Cheongna International City in Incheon, Thursday. The ceremony took place at the g...

Yi Whan-woo | 2022-10-27 16:16

Corporate direct financing dives in Sept. on fall in bond sale

Corporate direct financing dives in Sept. on fall in bond sale

Corporate direct financing in Korea dived in September as bond issuance sharply shrank amid fast-rising borrowing costs, data showed Thursday.

2022-10-27 09:39

KakaoBank to launch emergency response team following service outage

KakaoBank to launch emergency response team following service outage

KakaoBank will launch an emergency response team led by its chief information officer (CIO), the company announced on Tuesday, in response to Kakao's unprecedented service outage earlier this month. The team will operate under the lender's counter-crisis division and take responsibility for emergency measures in the event of any future disasters that could affect banking oper...

Yi Whan-woo | 2022-10-25 16:47

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