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Tue, December 6, 2022 | 23:57
Making $30k, but unhappy
A 34-year-old woman, who wants to be identified only by her surname, Jeong, works in the fast-paced tech industry. It's been three years since she first started her job earning more than $30,000 a year. But she said the higher income doesn't mean a better lifestyle.“It's the same - trying to make ends meet, pay monthly bills, keep moving with a busy schedule. I should feel gl...
Mirae Asset's India assets surpass W4 tril.
Mirae Asset Global Investments India's assets under its management have surpassed 4 trillion won in value as of the end of November 2018, according to Mirae Asset in Seoul, Wednesday. Thanks to its two flagship funds investing in stocks and bonds in India's capital market, the total value of its assets managed on behalf of its regional investors stood at 4.4 trillion won, or ...
Thank you, 8 million SOL users
Shinhan Bank CEO Wi Sung-ho, center, cuts a cake with his employees at bank headquarters in Seoul, Wednesday, to celebrate the number of the bank's SOL platform users surpassing 8 million. Shinhan seeks to increase the number to 10 million early next year. SOL is the lender's all-in-one mobile banking app. Courtesy of Shinhan Bank
Employment rebounds on gov't plan
The number of jobs created in November climbed back up to above 100,000 for the first time in five months, according to Statistics Korea, Wednesday. It stood at 165,000, the biggest increase this year, thanks to the ongoing hiring of temporary workers and interns by state-run enterprises. In 2017, the average number of jobs created per month was 300,000.
Kyobo Life to launch IPO in second half of 2019
Kyobo Life Insurance has decided to launch an initial public offering (IPO), the company said Tuesday, possibly in the second half of 2019. The company held a board meeting and reached an agreement that a public stock offering was the “best option” to increase its capital base ahead of the implementation of IFRS17, a new, stronger international accounting standard.
KEB Hana joins ADB trade program for exporters
KEB Hana Bank has joined the Asian Development Bank's (ADB) trade financing program, the lender said Tuesday. The program based in Manila, the Philippines, will enable KEB Hana to help local exporters reduce trade financing risks when shipping their goods to developing and underdeveloped markets. For instance, a local company can collect full payment for the delivery of order...
Time for demonstration
Shinhan Financial Group Chairman Cho Yong-byoung stands center stage as he introduces Shinhan Future's Lab Runway 2018 in Seoul, Dec. 10. Twenty-one fintech startups presented and demonstrated their products and services to global venture capitalists at the event. Courtesy of Shinhan Financial Group
Korea falling off demographic cliff faster than expected
Another key indicator has shocked the economy again, following weak numbers in employment and investment - the total fertility rate.Statistics Korea reported the rate stood at 0.95 per woman in the third quarter of 2018, down from 0.97 in the second quarter. In 2017, it was 1.05.The rate measures how many babies are likely to be born in a woman's lifetime. And the World Healt...
Bittersweet ending
The Moon Jae-in administration needs to overcome a crisis caused by bad economic policymaking, said outgoing Finance Minister Kim Dong-yeon. He believes policymakers need to deliver a “consistent message” to the market. Otherwise, uncertainties will not abate, he said in a speech to the ministry's employees and in his last press briefing in Sejong City, Dec. 10.
Let musical begin
Children in traditional costumes form a heart shape with their fingers at an event celebrating the opening of a small musical theater inside an elementary school in Uijeongbu, Gyeonggi Province, Monday. KB Kookmin Bank and the nonprofit Korean Open Doctors Society helped build the theater for children interested in performing in musicals. Courtesy of KB Kookmin Bank
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