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Tue, December 6, 2022 | 03:58
Becoming digital company
Hyundai Card CEO Ted Chung, left, discusses innovation with IBM CEO Ginni Rometty at the IBM Think conference in San Francisco, Feb. 12. Chung said Hyundai Card seeks to become a digital company focusing on using technologies such as artificial intelligence. Courtesy of Hyundai Card
[Macro Today] Begin at the end of old self
Once a black kite, a bird of prey, reaches old age, its wings, beak and toes become weak, useless and ineffective. So it has to decide - will it continue to fly tired, old and unable to catch his prey until its death? Or, will it restart by completely abandoning its old self?
[INTERVIEW] 'Market will evolve for female leadership'
Serene Chen is a 34-year-old Singaporean executive at Deutsche Bank who heads one of its key sales groups for clients in the Asia Pacific. It may almost be impossible for anyone here to imagine such a “young woman” taking on a leadership role especially in male-dominated finance, given Korea's gender inequality. But Chen said it is very common to see a lot of women working th...
We're hiring
Young NongHyup Bank workers pose in front of its headquarters in Seoul, Thursday, with the banner promoting its recruitment plan to hire 360 new employees in the first half of 2019. The bank will accept applications and resumes via its homepage until Feb. 20. Courtesy of NongHyup Bank
NongHyup posts record earnings in 2018
NongHyup Financial Group posted record earnings in 2018 on the back of an increase in interest income and brokerage commissions, the holding company said, Thursday. The group's consolidated net profit reached 1.2 trillion won ($1.1 billion) last year, up nearly 42 percent from the year before. It was the first time that its annual earnings exceeded the 1 trillion won mark.
Unemployment hits 9-year high
The country's unemployment rate hit a nine-year high of 4.5 percent in January, especially among those in their 40s and 50s, amid job cuts in manufacturing, according to Statistics Korea, Wednesday. The January rate climbed 0.8 percentage points from January 2018, with the number of the unemployed increasing 204,000 to 1.22 million, the highest January figure in 19 years.
Visa to open innovation center in Korea
Visa Korea will further develop its ecosystem here by launching an innovation center and a program to support startups that solve consumers' problems in financial transactions, the global electronic payment facilitator said Wednesday. It has begun accepting applications from fintech startups for the global program called the Visa Everywhere Initiative. Applicants will be give...
Listing Woori Financial shares
Woori Financial Group Chairman Sohn Tae-seung, right, poses with Korea Exchange (KRX) CEO Jung Ji-won in front of the KRX trading board in Seoul as the holding company lists on the stock market, Wednesday. Woori Financial seeks to focus on boosting its global business this year. Courtesy of Woori Financial Group
Hyundai Card chief - creative strategist
Hyundai Card CEO Chung Tae-young is widely known in the local credit card industry. He emerged into the spotlight in the early 2000s not only as the son-in-law of Hyundai Motor Chairman Chung Mong-koo, but also the chief executive of Hyundai Card. Chung Tae-young, better known as Ted, has been recognized for a lot of accomplishments in the industry. He is also the vice chairm...
Regulatory sandbox gains momentum
More than 100 financial technology startups and financial companies have applied for a “spot” in a regulatory sandbox, according to the Financial Services Commission (FSC), Tuesday. The FSC accepted the applications from Jan. 23 to Jan. 31. The regulator will select about 20 companies, enabling them to experiment and develop their business ideas using the latest technologies ...