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Finance

Sun, November 27, 2022 | 03:18

Wemade stocks plunge to daily bottom on delisting of Wemix coin

Wemade stocks plunge to daily bottom on delisting of Wemix coin

It's been a real Black Friday for the stocks of gaming giant Wemade. With its Wemix cryptocurrency to be delisted from major coin exchanges, the stock prices of Wemade and its two subsidiaries, Wemade Max and Wemade Play, all listed on the tech-heavy Kosdaq market, plunged to rock bottom during Friday's session. The stock price of Wemade finished at 39,400 won ($29.73), a 29....

Anna J. Park | 2022-11-25 17:26

Mid-sized brokerage firms undergo restructuring to secure liquidity

Mid-sized brokerage firms undergo restructuring to secure liquidity

Daol Investment & Securities is receiving applications from its full-time employees for voluntary retirement until next Monday. It is the first time in nearly 10 years that the brokerage firm has conducted a voluntary resignation program since 2013. Those who with over five years of experience will be granted about 13 to 18 months' worth of salary, once their resignations com...

Anna J. Park | 2022-11-25 17:16

Lenders cautious about deposit rate hikes following BOK's rate policy

Lenders cautious about deposit rate hikes following BOK's rate policy

Commercial banks are cautious about increasing their deposit rates following a 25-basis-point rate hike delivered by the Bank of Korea (BOK), Thursday, as the high deposit rates that they have offered are being blamed for the liquidity shortage in the bond and short-term money markets.

Yi Whan-woo | 2022-11-25 16:58

Hana Bank starts selling World Cup commemorative coins

Hana Bank starts selling World Cup commemorative coins

Hana Bank, the official sponsor of the Korean men's national football team, began selling commemorative coins for the 2022 World Cup in Qatar, Friday. The lender said the sale will run through Dec. 2 on its mobile app, Hana 1Q.

Yi Whan-woo | 2022-11-25 16:32

Digital capabilities to determine competitive edge for local banks: Deloitte report

Digital capabilities to determine competitive edge for local banks: Deloitte report

Korea's banking sector has been quickly innovating with expanded roles taken by digital banking since the COVID-19 outbreak. This deepened reliance on digital banking is not confined to Korea. “Digital maturity,” or an organization's ability to respond and adapt to technological trends, has been surveyed to have risen across the entire banking sector globally over the past tw...

Anna J. Park | 2022-11-24 17:12

Bank of Korea lowers 2023 growth outlook to 1.7%

Bank of Korea lowers 2023 growth outlook to 1.7%

The Bank of Korea (BOK) slashed its 2023 growth outlook for Korea to 1.7 percent, Thursday, from its previous projection of 2.1 percent, citing anticipated slowdowns in exports and the pace of recovery in private spending. The 2023 forecast is alarming for Asia's fourth-largest economy as its growth potential had been estimated to be in the 2 percent range for the past few ye...

Yi Whan-woo | 2022-11-24 17:06

Dunamu's metaverse 2nd Block bridges generation gap

Dunamu's metaverse 2nd Block bridges generation gap

The world is witnessing an infinite expansion through the metaverse, where barriers are being demolished and limitations are disappearing. Once regarded alien and unrealisitc, the metaverse has become an engine of future growth and energy that enriches our lives and enables the search for new possibilities.

2022-11-24 17:02

Woori chairman urges group-wide efforts to bolster digital services

Woori chairman urges group-wide efforts to bolster digital services

Woori Financial Group Chairman and CEO Son Tae-seung has urged the chiefs of the group's affiliates to “bring together all capabilities available” to materialize the group-wide vision of becoming a global leader in digital banking service, the company announced on Thursday. The banking group said Son urged them to do so during a committee of the group's digital innovation rec...

Yi Whan-woo | 2022-11-24 16:36

Why does Suhyup look to DGB as role model?

Why does Suhyup look to DGB as role model?

Suhyup, or the National Federation of Fisheries Cooperatives, which announced plans to establish a financial holding company next year comprised of a variety of financial subsidiaries, is aiming to follow in the footsteps of DGB Financial Group.

Anna J. Park | 2022-11-24 16:14

[INTERVIEW] OECD calls for Korea to reform college entrance exam

INTERVIEWOECD calls for Korea to reform college entrance exam

The expansion of Korea's education system has played a significant role in the country's economic development. But the education system is now facing demographic headwinds and also needs improvements to meet the needs of the modern labor market.

Kim Yoo-chul | 2022-11-24 14:58

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