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Sun, July 3, 2022 | 02:45
Manufacturing job forecast remains cloudy
The number of jobs created in March stood at 250,000 on the back of job growth in welfare, information technology and agriculture, according to Statistics Korea, Wednesday. This is the second straight month for the new job total to reach over 200,000. The employment rate for March stood at 60.4 percent, the highest figure for this month since the statistics agency began compi...
Reviewing strategy
NongHyup Financial Group Chairman Kim Gwang-soo, second from right, holds a strategy meeting to review the group's first-quarter performance at its headquarters in Seoul, Wednesday. Kim urged his executives to push forward in executing their digital business plans. Courtesy of NongHyup Financial Group
Card firms urged to adopt new digital strategy
The country's financial regulator will ease rules enabling local credit card companies to diversify their operations so that they can not only develop new digital business models but also rely less on transaction fees for growth. In a meeting with the heads of the card firms in Seoul, Tuesday, Financial Services Commission (FSC) Chairman Choi Jong-ku said the regulator apprec...
BC, Mandiri boost ties in digital payments
BC Card and Indonesia-based Bank Mandiri have agreed to develop a joint digital transaction service and platform, the Seoul-based credit card company said Tuesday. The two sides will work together in electronic barcode payments and launch an Indonesian BC Card service via Mandiri's network. This comes as there is a growing number of people using their smartphones to settle th...
Woori acquires ABL, Tongyang; eyes next targets
Woori Financial Group has signed a package deal to acquire two mid-tier nonbanking firms, the holding company said Monday. The group has signed a share purchase agreement (SPA) with China's Anbang Group to buy the latter's Tongyang Asset Management and ABL Global Asset Management at the same time. This marks Woori Financial's first deal in the three months since it was launch...
NongHyup opens biggest innovation center
NongHyup Financial Group has opened the industry's biggest innovation campus that encompasses research and development, and fintech startup centers, the holding company said Monday. The fintech center will house more than 30 startups that will develop and commercialize their own business ideas, using technologies such as artificial intelligence, data analysis and blockchain. ...
Pension reform urgent amid debt growth, aging
The government needs to speed up pension reform due to the growth rate of its aging population and national debt, local and foreign analysts say. The rapidly aging population and falling birthrate will make it harder to financially support the elderly through its existing pension system. At the same time, analysts added the country inevitably needs more welfare and public saf...
'Blockchain to transform entertainment'
Imagine a world where not only can people pick and select a character to play in a video game, but also can actually “be that character.” They can be not “like” but actually “be” the superheroes they dreamed of or imagined. In the near future, people can wear a red suit of armor and fly away, or turn green and smash buildings. This may sound like science fiction movie.
KIC to boost alternative investment
Korea Investment Corp. (KIC) and its local asset management partners will invest more in advanced alternative markets abroad, KIC CEO Choi Hee-nam said Friday. “We will expand our reach with local partners abroad by investing in alternative assets, private equity funds and hedge funds,” he told a press conference in Seoul. Choi has been the KIC chief executive for a year.
Dental treatment for Uzbek kids
Shinhan Financial Group Chairman Cho Yong-byoung, front row fifth from left, and Heo Seong-joo, fourth from left, director of Seoul National University Dental Hospital, pose with their volunteer teams at the hospital, Friday. Shinhan and the hospital will dispatch their teams to provide dental services to children in Uzbekistan from April 14 to 22. Courtesy of Shinhan Financi...
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