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Sat, June 3, 2023 | 06:07
Discussing KB's future
KB Financial Group Chairman Yoon Jong-kyoo, left, talks with his employees to boost communication in the workplace at its headquarters in Yeouido, Seoul, Oct. 26. Yoon invited 300 employees from the group's subsidiaries to share their future visions and strategies. Courtesy of KB Financial Group
Hyundai Card unveils 'the Green' card
Hyundai Card has issued a fashionable new card in green, deviating from other conventional colored cards in the market for rich consumers, the country's fourth-largest credit card company said Sunday. Hyundai's new card is named “the Green.” This follows Hyundai's previous premium cards that were black, purple and red. It said it has chosen that color with a tiny mix of gold ...
CEO of the year
Woori Bank CEO Sohn Tae-seung, left, receives the CEO of 2018 award from the Korea CEO Association in a ceremony held at Seoul National University, Oct. 26. The association said Sohn has led Woori Bank, achieving sound earnings and working to transform the bank into a holding company. Courtesy of Woori Bank
Lower fuel tax: boon or bane?
The government announced Wednesday that it will temporarily lower the tax on refined fuel products such as gasoline and diesel to help ease the financial burden on low- and middle-income earners, and small businesses. Under the new measure, the government will cut fuel taxes by 15 percent from Nov. 6 for six months, which it expects will reduce gasoline prices by up to 123 wo...
Curse of stock split befalls Samsung, Naver
Splitting up stocks to make them cheaper and more easily accessible for investors with small pockets seems to be a good idea for companies seeking to boost their trading and value. But the general trading patterns after companies decided to issue more shares to their shareholders and investors show stock splits are becoming more a curse than a blessing. Blue chips that split ...
[Macro Today] It's jobs, Mr. President
In the romantic comedy movie, “Dave,” the U.S. president makes an emergency announcement that henceforth, his government's “main responsibility” will be helping every person find a job in their most difficult times. A job will bring a “smile” to everyone's face as it will give “valuable meaning” to their life. And foremost, a person with a job will get “respect” in society, t...
Jobs for soldiers
KB Kookmin Bank CEO Hur Yin delivers a keynote speech at the KINTEX exhibition center in Illsan, Goyang, Gyeonggi Province, Friday, during a job fair for soldiers who are about to complete their military service. The bank and the Ministry of Patriots and Veterans Affairs hosted the fair, inviting 5,000 soldiers and 50 companies. Courtesy of KB Kookmin Bank
Who will lead Woori's holding company?
Woori Bank will be holding a board meeting Oct. 26 to check on its progress in transforming into a financial holding company, according to officials. But also, the board members may discuss whether to have a chairman and a bank chief executive, or a single leader allowing for one top decision-maker to run both the holding company and the bank. Some potential candidates for th...
US-China feud unlikely to subside
Trade disputes between the United States and China are not likely to subside in the near future as Washington is expected to continue applying pressure on Beijing, analysts say. They expect that the Trump administration will further make China's foreign exchange transactions transparent and open its market for U.S. imports.
Winning innovation award
Jang Hyeon-ki, center, head of Shinhan Bank's digital strategy, holds a trophy after winning the Efma Accenture Innovation Award at an event hosted by Efma and Accenture at the Altis Grand Hotel in Lisbon, Portugal, Wednesday. Shinhan Bank was recognized for developing and providing customized chatbot services. Courtesy of Shinhan Bank