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Reporter : Lee Yeon-woo
Mon, December 4, 2023 | 19:36
New bank federation leader urges lenders to seek mutual growth
The newly-appointed leader of the Korea Federation of Banks (KFB), Cho Yong-byoung, urged lenders to develop mutual growth plans that meet not only their objectives, but the public's expectations as well. He also asked the banking industry to reflect on whether they have fulfilled their social responsibilities.
KOSPI predicted to reach 2,700-2,830 range in 2024
Foreign investment banks predict that Korea's benchmark KOSPI will rise from 2,700 to 2,830 next year.
Korea to beef up monitoring on crypto market
Efforts to enhance clarity in the Korean virtual asset market are emerging, as both the government and the National Assembly have actively announced their plans to intensify crypto monitoring.
Over 1,000 accountants enter market every year; does Korea need more?
Since the government increased the yearly certification quota for accountants to more than 1,000 in 2019, over 1,000 newly certified accountants have entered the Korean market annually.
As Christmas nears, people feel growing income disparity
A 33-year-old man, who asked to be identified only by his surname Choi, recently experienced a rude shock while trying to make a reservation for Christmas at a restaurant in Seoul. In his view, the price and conditions for booking were ridiculous. He found the situation to be similar at other restaurants he checked too.
HK-linked ELS emerges as time bomb in banking sector
A 58-year-old man, surnamed Kang, recently filed a complaint with the Financial Supervisory Service (FSS) as he faces the risk of losing half his assets after investing in equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index (HSCEI).
Tax breaks for esports proposed after success of LOL World Championship
The National Assembly is currently discussing providing tax breaks to companies hosting esports events in Korea. This follows the recent League of Legends (LoL) World Championship in Seoul, which reportedly generated hundreds of billions of won in economic benefits.
Korean crypto industry gains ground following global turbulence
Expectations are growing that Korea could gain ground in the global crypto industry, as Chinese crypto exchanges that once dominated the global coin market are faltering one after another.
Mirae Asset Global Investments appoints Choi Chang-hoon, Rhie Chun-yong as CEOs
Mirae Asset Global Investments decided to appoint two vice chairmen, Choi Chang-hoon and Rhie Chun-yong, as its CEOs at temporary shareholders meeting on Thursday.
Korea to pilot digital currency with 100,000 citizens next year
One hundred thousand Koreans will be able to utilize deposit tokens based on the central bank digital currency (CBDC) next year, within a pilot program jointly operated by the Bank of Korea (BOK) and financial authorities.
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