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Sat, December 3, 2022 | 15:35

KRX probing 2 foreign brokerages for improperly affecting stock prices

KRX probing 2 foreign brokerages for improperly affecting stock prices

Korea's bourse operator has launched a probe into two foreign brokerages on suspicions that they might have improperly affected stock prices through massive trading ahead of a global index rebalancing last year, market sources said Wednesday.

2022-11-23 11:35

Regulator to recommend 6 financial firms to reimburse investment in troubled German fund

Regulator to recommend 6 financial firms to reimburse investment in troubled German fund

Korea's financial regulator said Tuesday it will recommend six financial firms to rescind sales contracts on a German fund and reimburse customers, as they provided false information and caused them to make a "mistaken" investment decision.

2022-11-22 10:39

KB Kookmin Bank to release sports documentary

KB Kookmin Bank to release sports documentary

KB Kookmin Bank is releasing documentary footage on a football team with which it has signed a promotion partnership. Titled “Green Wolves,” it focuses on the K League 2 team, the Ansan Greeners FC. It is scheduled to tell the history of the Ansan Greeners FC, a football club for local residents, as well as training for the athletes who aim to make it into the higher K League...

Yoon Ja-young | 2022-11-21 17:23

Hana, SK join hands to strengthen digital innovation

Hana, SK join hands to strengthen digital innovation

Hana Financial Group, jointly with SK Telecom and SK Square, have formed a strategic partnership to combine their expertise in finance and information and communications technology (ICT) to take lead together in innovative financial services using digital technology, the banking group announced on Sunday. It said the three will jointly invest in Web 3.0, the third generation ...

Yi Whan-woo | 2022-11-20 16:38

Suhyup Bank's first-ever female leader takes office

Suhyup Bank's first-ever female leader takes office

Suhyup Bank's first female CEO, Kang Shin-sook, took office as the new leader of the fisheries cooperative's banking arm, Friday. She presented five core management goals after being inaugurated to the position. They include stable revenue generation, preemptive risk management, agile digital transformation, future-oriented organizational reform and enhanced support of fisher...

Lee Min-hyung | 2022-11-18 15:49

Regulator to start buying PF-ABCPs next week to ease credit crunch woes

Regulator to start buying PF-ABCPs next week to ease credit crunch woes

Korea's financial regulator said Friday it will start buying project-financing asset-backed commercial papers (PF-ABCPs) next week as part of efforts to prop up the country's short-term money market and ease worries over a credit crunch.

2022-11-18 15:46

K bank's reliability called into question over system error

K bank's reliability called into question over system error

K bank is facing questions from customers about its reliability after its service was unavailable for around seven hours from Thursday afternoon due to a server storage problem. The internet-only lender restarted its mobile app's service from at 4 a.m. Friday. But users stepped up criticism of the company because it failed to give any specific notice or update about the disru...

Lee Min-hyung | 2022-11-18 15:38

Banks log record interest income through Sept. on rising rates

Banks log record interest income through Sept. on rising rates

Banks in Korea earned record net interest income in the first three quarters of the year, helped by sharp rate hikes by the central bank, data showed Thursday.

2022-11-17 15:07

KB Kookmin Bank wins science ministry award for AI-based banking services

KB Kookmin Bank wins science ministry award for AI-based banking services

KB Kookmin Bank has won an award from Minister of Science and ICT Lee Jong-ho for offering innovative banking services using up-to-date technology, the lender announced on Thursday.

Yi Whan-woo | 2022-11-17 15:03

Impending divorce of 5th-richest man in Korea draws speculation over asset division

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 ...

Anna J. Park | 2022-11-16 09:37

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