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Mon, December 4, 2023 | 12:31
[Macro Today] K-pop scandal hindering entertainment to be industry
Sex, lies, videotapes, singers, drugs, businessmen, nightclubs, corrupt cops and politicians. These are all the elements that can be combined together to create one exceptional 1940s film noir. Unfortunately, they are happening right now here as the K-pop scandal unfolds involving Seungri.
Economy | 2019-03-24 08:07
Viva hits snag with Toss internet bank plan
Viva Republica, operator of peer-to-peer (P2P) online money transfer application Toss, is facing a governance crisis even before it can form a consortium to apply for an internet banking license, industry sources said Friday. As Shinhan Financial Group decided to ditch its partnership with Viva's envisioned Toss Bank following a disagreement over the its business model, other...
Economy | 2019-03-22 17:00
Best chatbot service
Lee Byung-yeol, second from left, head of KEB Hana Bank's future banking, holds an award from The Asian Banker at a ceremony in Dubai, Thursday. KEB Hana Bank received the award in the category of Best Automated Chatbot Initiative. Courtesy of KEB Hana Bank
2019-03-22 16:48
Woori poised to take over Tongyang, ABL
Woori Financial Group has been chosen as the preferred bidder for two mid-tier asset management companies, according to local media and industry sources, Friday. The two are Tongyang Asset Management and ABL Global Asset Management, formerly Allianz Asset Management.
Economy | 2019-03-22 16:05
Gov't considers W9 tril. supplementary budget
The Ministry of Economy and Finance is considering a 9 trillion won ($8 billion) supplementary budget within the first half of this year. In an economic policy briefing by Prime Minister Lee Nak-yon and Finance Minister Hong Nam-ki at the National Assembly, Thursday, Hong said the ministry is looking into it as suggested recently by the International Monetary Fund (IMF). “We ...
Economy | 2019-03-21 16:25
Gov't to cut stock transaction tax by 0.05%p
The government has decided to lower the stock transaction tax rate by 0.05 percentage points to 0.25 percent this year, and seek to gradually abolish it by 2024. At the same time, it will increase the scope of capital gains taxes on the trading of KOSPI and KOSDAQ shares, while offering incentives to funds investing in tech companies.
Economy | 2019-03-21 16:18
Making jars of paste for elderly
Woori Card employees pose in front of jars filled with red chili and soybean paste after making them for the elderly at a welfare center in Jongno-gu, Seoul, Thursday. Around 20 new employees of the card firm participated in the charity event. Courtesy of Woori Card
2019-03-21 16:18
Card fee feud extends to other industries
A conflict that started between credit card companies and Hyundai Motor and Kia Motors over the formers' unilateral transaction fee hikes is about to widen to the telecom and retail sectors. This comes after the two giant carmakers recently sealed a deal limiting the fee rise to 0.2 percentage points, not the 1 percentage point the card companies were going to initially impos...
Economy | 2019-03-20 16:37
Multiracial marriages hit 4-year high
The number of multiracial marriages reached a four-year high of 22,698 in 2018, according to Statistics Korea, Wednesday. The figure rose by 1,863, or nearly 9 percent, from the year before, the highest increase in 13 years, it added. Multiracial marriages accounted for 8.8 percent of the total in 2018, up 0.9 percentage points from 2017.
Economy | 2019-03-20 16:36
Lee named Shinhan's brand ambassador
Professional golfer Lee Jeong-eun, also known as “Lee Jeong-eun 6,” has been named the brand ambassador of Shinhan Bank and its sister brokerage Shinhan Investment Corp.'s private wealth management (PWM), the two companies said. This means Lee will be promoting and wearing the Shinhan PWM logo on her shirt and hat when she competes for the KLPGA title this year, they said. Sh...
Economy | 2019-03-18 15:27
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It's beginning to look a lot like Christmas
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