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Reporter : Anna J. Park
Fri, October 22, 2021 | 09:08
LINA Korea to be sold to Chubb
U.S.-based insurance group Chubb will become the new owner of LINA Life Insurance of Korea, after the group agreed to acquire it and other businesses in the region from Cigna aiming to boost the group's presence in Asia.
More foreigners turn to NPS for annuity
A lawmaker noted Sunday that an increasing number of foreign nationals living in Korea are relying on the National Pension Service (NPS), the country's state-run pension operator, for funding during their retirement.
China liquidity risks, supply chain disruptions to weigh on stock markets
China's liquidity risk and global supply chain disruptions are expected to continue weighing on local stock markets, as these could cause wider volatility both here and abroad, experts said Sunday. They point out that among the mounting issues burdening global stock markets, the unresolved liquidity crisis facing Chinese real estate developer Evergrande is just one problem th...
Short-selling system still leaves retail investors at a disadvantage
Following the resumption of short-selling on local stock markets in May, the trading system is once again being largely dominated by foreign investors.
NongHyup Bank seeks to branch out to Australia, China in 2022
NongHyup Bank plans to open six more overseas branches in 2022, in line with parent NongHyup Financial Group's strategic plan to bolster global businesses in the coming years.
KOSPI falls below 3,000 for first time in six months
Korean stocks suffered heavy losses Tuesday in the wake of an overnight slump on Wall Street with foreign investors dumping shares as oil prices stoked inflation worries amid continued fears over global supply chain disruptions. The benchmark KOSPI fell below 3,000 points for the first time in six months to close at 2,962.17, down 1.89 percent from the previous trading sessio...
Morgan Stanley maintains top position in local M&A advisory market
So far this year, Morgan Stanley has been enjoying the top position among finance companies providing advisory services to local companies going through mergers and acquisitions (M&As).
Korea Federation of Community Credit Cooperatives earns reputation for lucrative investment
The Korea Federation of Community Credit Cooperatives (KFCC), also known as MG Community Credit Cooperatives, has been building up a reputation in the local market in recent years as an aggressive investor capable of achieving high returns in alternative investments.
Korean banks shift hiring to digital specialists
While Korea's state-led financial institutions are currently implementing a series of large-scale recruitment drives to hire new full-time employees, major local commercial banks do not appear to be joining the trend due to decreased demand. Only openings for digital specialists are expected to be available at the banks later this year.
Thailand, Indonesia viewed as next destinations for KakaoBank
KakaoBank is taking gradual steps to diversify its revenue channels by focusing on overseas markets, especially in Southeast Asia.
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