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Reporter : Lee Min-hyung
Mon, October 25, 2021 | 04:40
Leaders of KB, Woori set to see terms extended based on solid earnings
The leaders of KB Kookmin Bank and Woori Bank are expected to have their terms extended after driving solid earnings growth despite the prolonged shock of the COVID-19 pandemic.
Bank of Korea expected to revise down 2022 GDP growth forecast
The Bank of Korea (BOK) is expected to lower its 2022 GDP growth forecast to below 3 percent due to downside risks facing the country, including continued supply chain bottlenecks, prolonged power shortages in China and the possible downsizing of growth predictions for the world's second largest economy.
Bank of Korea, financial authorities responsible for household debt: BOK chief
The Bank of Korea (BOK) and financial authorities should bear collective responsibility for the surging household debt and widening financial imbalance here, BOK Governor Lee Ju-yeol said Thursday during a National Assembly audit.
[ANALYSIS] US bitcoin ETF debut will not boost crypto growth in Korea
The much-anticipated debut of the first U.S. bitcoin-linked exchange-traded fund (ETF) will not help drive the qualitative growth of the cryptocurrency industry in Korea unless financial watchdogs here shift their current stance of maintaining stiff regulatory scrutiny over any trading of virtual assets, bank industry officials said Wednesday.
AhnLab's coding class for employees
An AhnLab employee and his son learn coding via a metaverse platform at the cybersecurity company's headquarters in Pangyo, Gyeonggi Province, Saturday. AhnLab held the event for its employees and their children to enhance their coding skills by establishing a virtual space to let participants interact with each other during the class. Courtesy of AhnLab
Dollar set to continue rally against won
The U.S. dollar will continue gaining ground against the Korean won until the end of the year amid persisting external financial uncertainties, especially a top Chinese real estate developer's default risk and imminent signs of U.S. tapering, analysts said Sunday.
[ANALYSIS] Hana faces widening foreign exchange losses
The sharp weakening of the won against the dollar is dealing an unexpected blow to Hana Financial Group. The Korean lender's foreign exchange losses are expected to widen during the third quarter as a result of the strengthening dollar.
Shinhan forms blockchain partnership with Samsung, SK
Shinhan Bank's digital group chief Jun Pil-hwan, left, poses with executives from SK Telecom and Samsung SDS after signing a partnership to jointly develop a blockchain-powered certificate service offering strengthened user security, at the telecom company's headquarters in Seoul, Tuesday. Courtesy of Shinhan Bank
Bank of Korea governor hints at another rate hike in November
The Bank of Korea (BOK) reinforced Tuesday its signals of a key rate hike in November following a forecast of a solid economic recovery.
Consumers feared to fall prey to banking oligopoly amid lending quota rule
Korean consumers will fall prey to financial regulators' so-called “6-percent lending quota rule,” as banks are widely expected collectively to take action to hike their loan rates further in line with rising benchmark rates.
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