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Fri, August 19, 2022 | 01:27
[INTERVIEW] 'Be dynamic, have fun,' says DBS Seoul head
Being an innovator is like being a basketball player, claims Eugene Bang, the head of DBS Bank Seoul, a local branch of the Singapore-based multinational bank. Players have to move fast and be flexible while dribbling. And most importantly, they need to be “dynamic, energetic and synergistic,” he said.
Economy | 2019-01-06 08:54
[INTERVIEW] 'Innovation should be top priority'
Korea faces many challenges in 2019 and beyond. The problems that will weigh on its growth range from an aging population and labor inflexibility to inequality and weak consumption - in part due to low employment and investment. The outlook for the global economy driven by the U.S., Europe and China does not look so rosy.
Economy | 2018-12-31 09:02
Climbing to top
The recent appointment of Jin Ok-dong as the chief executive of Shinhan Bank is putting the spotlight on executives in the industry who managed to climb the corporate ladder with only a high school degree in the beginning. Most of them, including Jin and Shinhan Bank Chief Digital Officer Seo Choon-seok, graduated from the country's Duksoo High School. Established in 1910, Du...
Economy | 2018-12-31 09:00
Economy battered by falling output, investment
The economy is showing no signs of improving as key indices measuring industrial production and investment fell right back into deeper negative territory. The overall industrial production fell 0.7 percent in November from the month before, according to Statistics Korea, Friday. This comes amid a slowdown in both manufacturing and services beset by the global trade war betwee...
Economy | 2018-12-28 16:54
Thank you for your contribution
Korea Federation of Banks (KFB) Chairman Kim Tae-young, front row center, poses with 2019 award recipients who currently work at local banks, at KFB headquarters in Seoul, Friday. Kim awarded them for various contributions such as leading innovation and providing loans to small businesses and households. Courtesy of Korea Federation of Banks
2018-12-28 16:54
KB set to speed up innovation
The keywords for KB Financial Group in 2019 will be digital, agile and young, following KB Chairman Yoon Jong-kyoo's group reorganization and appointments of younger new chief executives for key subsidiaries, according to the holding company, Friday. Among the change that has been highlighted is giving double duty for Hur Yin as KB Kookmin Bank CEO and the head of the group's...
Economy | 2018-12-28 16:53
Rest up, sweepers
Hana Card CEO Chung Soo-jin, fourth from right, prepares to cut a ribbon with street sweepers and officials from Dongdaemun-gu Office in northeastern Seoul, for the opening of a renovated shelter in the district, Friday. The firm renovated another shelter for sweepers in Jung-gu, Seoul, in December 2017. / Courtesy of Hana Card
2018-12-28 15:33
Chief regulator concerned over revival of 'comprehensive audit'
The country's chief regulator has expressed concerns over the revival of a system enabling the Financial Supervisory Service (FSS) to launch a so-called “comprehensive inspection” on financial companies. In a meeting with lawmakers of the National Assembly's policy committee on Dec. 27, Financial Services Commission (FSC) Chairman Choi Jong-ku said it was inappropriate to bri...
Economy | 2018-12-27 17:09
Shinhan feud brewing over reshuffle
An internal feud is seemingly escalating at Shinhan Bank between those who are part of Shinhan Financial Group Chairman Cho Yong-byoung's inner circle and those who aren't, since Cho's appointment of Jin Ok-dong as the new bank chief executive. With Jin replacing Shinhan Bank CEO Wi Sung-ho as soon as Wi's contract expires in March, Wi has been showing dissatisfaction regardi...
Economy | 2018-12-27 17:08
Seoul stocks wobble on 'Trump risk'
Seoul stocks tumbled Wednesday amid heightening risks stemming from President Donald Trump's dissatisfaction toward the U.S. Democratic Party, the Federal Reserve and China. The benchmark KOSPI closed at 2,028.01 points, down 27, or 1.31 percent. The tech-heavy Kosdaq ended at 665.74, down 4.05 or 0.6 percent.
Economy | 2018-12-26 17:29
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Ice is melting, land is burning
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