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Sun, June 4, 2023 | 00:41

KB bolsters startup support campaign to nurture growth engines

KB bolsters startup support campaign to nurture growth engines

KB Financial Group is bolstering efforts to support startups in line with the country's plan to nurture the next growth engines.

Yi Whan-woo | 2023-05-11 15:46

Hana chairman discusses Korean economy with Jim Rogers

Hana chairman discusses Korean economy with Jim Rogers

Hana Financial Group Chairman Ham Young-joo had a discussion over the global and Korean economies as well as financial industries with renowned investor Jim Rogers.

Yoon Ja-young2023-05-10 16:01

Shinhan Bank's internal controls undergo testing

Shinhan Bank's internal controls undergo testing

Shinhan Bank is facing additional challenges in addressing internal control risks, after one of its employees reportedly embezzled customer deposits. This comes in addition to an investigation over the alleged mis-selling of funds.

Lee Yeon-woo | 2023-05-10 15:49

Kyobo Life considers entering non-life insurance market

Kyobo Life considers entering non-life insurance market

Both Kyobo Life Insurance and Kakao Pay Insurance denied a market rumor that they are in talks. Media reports said earlier this week that Kyobo Life has begun due diligence into Kakao Pay Insurance to acquire a 51 percent stake in the digital non-life insurance firm for around 60 billion won to 70 billion won ($45 million to $53 million).

Anna J. Park | 2023-05-09 16:35

KB Insurance posts all-time high profits under IFRS17

KB Insurance posts all-time high profits under IFRS17

KB Insurance has posted a record-high quarterly profit of 253.8 billion won ($192 million) in the first quarter this year, a 25.7 percent jump from the same period last year. The hike is mainly attributed to the implementation of the International Financial Reporting Standard (IFRS) 17, a set of new global accounting standards, starting this year.

Anna J. Park | 2023-05-08 16:04

Hana's asset management head committed to use art as tool for joint prosperity

Hana's asset management head committed to use art as tool for joint prosperity

Kim Young-hun, the head of Hana Bank's asset management business, says he is committed to using art as a banking tool for joint prosperity. In that regard, Kim said he has been focusing on building trust with clients since taking office in December last year as well as offering opportunities for artists to showcase their works through Hana Art Bank, a range of services offere...

Yi Whan-woo | 2023-05-08 09:23

Top 5 banks brace for $27 billion in potential bad loans

Top 5 banks brace for $27 billion in potential bad loans

The total amount of loans extended by Korea's top five banks to small-and-medium-sized businesses whose deadlines on repayments of principal have been delayed for the past three years due to the COVID-19 pandemic, reached nearly 37 trillion won ($27 billion), according to financial market officials, Sunday.

Anna J. Park | 2023-05-07 16:54

Hana inks global business expansion pact with Taiwan's CTBC Bank

Hana inks global business expansion pact with Taiwan's CTBC Bank

Hana Financial Group announced, Sunday, it formed a strategic partnership with CTBC Bank, a leading private lender in Taiwan, to enhance its global network for its vision to become Asia's best financial services company.

Yi Whan-woo | 2023-05-07 16:30

MZ Generation leads Apple Pay boom

MZ Generation leads Apple Pay boom

Those born in the early 1980s and 2000s ― often dubbed the MZ Generation ― have driven the popularity of Apple Pay for the past month following its belated launch here, data from Hyundai Card showed. Hyundai Card said it issued 355,000 new cards after the arrival of Apple Pay on March 21, up 156 percent from a year earlier. Hyundai Card is an exclusive card partner here for t...

Lee Min-hyung | 2023-05-05 16:44

Kiwoom chief's resignation casts ripple effect on other major shareholders

Kiwoom chief's resignation casts ripple effect on other major shareholders

Deteriorating public sentiment toward Kiwoom Securities is showing no signs of letting up, even after its former Chairman Kim Ik-rae resigned for his alleged involvement in a nationwide stock manipulation scandal. Kim made the abrupt announcement Thursday afternoon and decided to donate all of his gains worth 60.5 billion won following his suspicious sell-off of 1.4 million D...

Lee Min-hyung | 2023-05-05 16:43

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Top 10 Stories

1	Roland Garros 2023

2	Airlines fiercely compete to acquire additional aircraft

3	Seoul imposes sanctions on North Korean hacking group for role in space launch

4	KAERI distances itself from Oxford professor's claim on Fukushima water

5	LG Chem joins Korean firms strengthening ties with Japan

6	More banks offer daily interest payments on deposits

7	Luxury brands continue hiking prices in Korea

8	POSCO, GM expand joint EV battery materials investment in North America

9	HMM tasked with preventing sale of Hyundai LNG to foreign firm

10	Indo-Pacific region highlighted as important for Korean economy's future

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