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Reporter : Anna J. Park
Fri, December 8, 2023 | 05:01
Hana reaffirms co-prosperity vision on 18th anniversary
Marking the 18th anniversary of the founding of Hana Financial Group, Ham Young-joo, group chairman, declared the group's new vision of becoming a financial group that pursues shared growth alongside the community. Ham emphasized the values of co-prosperity with society and the sense of sincerity concerning the group's financial services for its customers.
Toss Bank posts first quarterly profit in Q3
With just two years passing since its launch in October 2021, Toss Bank posted a net profit of 8.6 billion won ($6.6 million) for the third quarter of this year, marking its first quarterly profit, according to the bank, Thursday.
Tving and Wavve begin merger talks
Korea's two major streaming services Tving and Wavve have recently begun merger talks, aiming to increase their market dominance by creating the country's largest over-the-top (OTT) platform with some 10 million monthly active users (MAU).
CEOs of KB Securities, NH Securities hit for mis-selling Lime, Optimus
The Financial Services Commission (FSC) has decided to impose a disciplinary action of a three-month suspension on KB Securities CEO Park Jeong-rim in relation to the mis-selling of problematic funds such as Lime and Optimus.
Birthrate might fall below 0.7 in Q4
Korea's total fertility rate during the third quarter stood at 0.7, the lowest-ever for a third quarter.
FSS chief lashes out at banks over ELS sales
Financial Supervisory Service (FSS) Governor Lee Bok-hyun strongly criticized banks over their possible mis-selling of equity-linked securities (ELS) products, as large-scale losses are expected during the first half of next year due to the plunge of the Hang Seng China Enterprises Index (HSCEI).
Hyundai Card's overseas usage skyrockets with Apple Pay partnership
Hyundai Card’s overseas usage has surged by 81 percent compared to a year ago, due mainly to the card's increased global payment versatility with its Apple Pay partnership that began in March this year.
Jefferies to open Seoul office in January
Jefferies, a U.S.-based global investment banking firm, is set to open an office in Seoul in January next year, aiming to focus its business on corporate finance.
SK spurs net-zero transition with power purchase agreement
SK Group plans to accelerate its efforts to achieve carbon neutrality by signing the country's largest direct Power Purchase Agreement (PPA), the group announced Friday.
Harim, Dongwon compete to acquire HMM
The aquisition of HMM, Korea's representative global shipping and logistics company, has become a two-way race between Dongwon Group and Harim Group, with the two joining the main bid that ended Thursday, according to Korea Development Bank (KDB) and inventment banking sources Friday.
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