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Sun, June 4, 2023 | 00:28
Large-cap tech shares rally after BOK's rate freeze
Large-cap tech shares rally after BOK's rate freeze
Korea's major large-cap tech stocks extended a sharp rally, Thursday, buoyed by foreign investors' mass-buying spree, after the Bank of Korea (BOK) announced its widely anticipated decision to freeze its key rate. The latest monetary decision kept the interest rate gap between Korea and the United States unchanged at a historic high of 1.75 percentage points, but this has not...
Lee Min-hyung | 2023-05-25 16:25
Korea eyes closer partnership, new investment opportunities with AIIB
Korea eyes closer partnership, new investment opportunities with AIIB
Korea wishes to expand ties with the Asian Infrastructure Investment Bank (AIIB) and find new joint project opportunities, the first vice finance minister said Thursday.
2023-05-25 15:23
K bank enters car loan market with Deutsch Motors
K bank enters car loan market with Deutsch Motors
Following its previous expansion into credit and mortgage loans, K bank is now entering the car loan market in collaboration with Deutsch Motors. This marks the first time an internet-only bank has taken such a step in Korea.
Lee Yeon-woo | 2023-05-24 15:48
Shinhan, Hana chairmen join UN sustainable finance roundtable in Seoul
Shinhan, Hana chairmen join UN sustainable finance roundtable in Seoul
Two banking group chairmen, Jin Ok-dong of Shinhan and Ham Young-joo of Hana, participated in a regional roundtable hosted by the U.N. Environment Programme Finance Initiative (UNEP FI), a coalition body between the United Nations Environment Programme (UNEP) and global financial services companies, in Seoul, Wednesday.
Yi Whan-woo | 2023-05-24 15:15
BC Card offers support to young people leaving shelters
BC Card offers support to young people leaving shelters
Due to the absence of parents or child abuse, some children and teenagers live in shelters. But when they reach a certain age, they have to leave the shelter. They are provided a 10 million won ($7,600) subsidy by the government when they leave, but that is barely enough to rent a tiny studio and they can find it difficult to stand on their own.
2023-05-24 15:13
Will foreign investors extend record buying spree of Samsung shares?
Will foreign investors extend record buying spree of Samsung shares?
Samsung Electronics shares are picking up renewed momentum after a rebound on foreign investors' stronger-than-expected buying sprees.
Lee Min-hyung | 2023-05-24 14:37
Shinhan Bank Vietnam receives award for digitalization efforts
Shinhan Bank Vietnam receives award for digitalization efforts
Shinhan Bank Vietnam, a subsidiary of Shinhan Bank, was awarded by the State Bank of Vietnam (SBV) for its digitalization efforts. It was the only foreign-affiliated firm to receive an award at the event, the bank announced on Tuesday.
Lee Yeon-woo | 2023-05-23 16:30
KB to host annual golf tournament
KB to host annual golf tournament
KB Financial Group will host a Korea Professional Golfers' Association (KPGA) tournament from Thursday to Sunday, offering 700 million won ($533,700) in prize money, including 140 million won for the winner, the company said Tuesday.
Yi Whan-woo | 2023-05-23 16:21
[INTERVIEW] Foreign investors advised to consult eligibility for cash grant
INTERVIEWForeign investors advised to consult eligibility for cash grant
International tax expert Oh Sang-bum advises foreign investors planning to make direct investments in Korea to closely review their eligibility for “cash grants” provided by the Korean government.
Anna J. Park | 2023-05-23 16:19
Hana promotes customer-centered corporate culture worldwide
Hana promotes customer-centered corporate culture worldwide
Hana Financial Group is spreading its “customer-centered” corporate culture to employees of its overseas operations, the banking group announced Tuesday.
Yoon Ja-young | 2023-05-23 16:19
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Top 10 Stories
1Roland Garros 2023 Roland Garros 2023
2Airlines fiercely compete to acquire additional aircraft Airlines fiercely compete to acquire additional aircraft
3Seoul imposes sanctions on North Korean hacking group for role in space launch Seoul imposes sanctions on North Korean hacking group for role in space launch
4KAERI distances itself from Oxford professor's claim on Fukushima water KAERI distances itself from Oxford professor's claim on Fukushima water
5LG Chem joins Korean firms strengthening ties with Japan LG Chem joins Korean firms strengthening ties with Japan
6More banks offer daily interest payments on deposits More banks offer daily interest payments on deposits
7POSCO, GM expand joint EV battery materials investment in North America POSCO, GM expand joint EV battery materials investment in North America
8HMM tasked with preventing sale of Hyundai LNG to foreign firm HMM tasked with preventing sale of Hyundai LNG to foreign firm
9Luxury brands continue hiking prices in Korea Luxury brands continue hiking prices in Korea
10Indo-Pacific region highlighted as important for Korean economy's future Indo-Pacific region highlighted as important for Korean economy's future
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