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Fri, December 9, 2022 | 18:45
Spending summer helping Indonesia
KEB Hana Bank CEO Ham Young-joo, center, raises his fist with college students after completing the bank's overseas summer volunteer program at its headquarters in Seoul, Friday. Sixty students spent their summer in Indonesia to develop and teach classes to elementary school students and kindergarteners.
Business sentiment falls to 18-month low
The country's index measuring the growth prospect of the manufacturing sector dropped to its lowest level in 18 months amid a wave of corporate restructuring and weak consumption, according to the Bank of Korea (BOK), Thursday. The business sentiment index (BSI) fell 1 point to 74 for August. It has been falling since June this year when the index stood at 80. This followed a...
1 million artistic cards
Woori Card CEO Jeong Won-jai, third from right, raises his fist with company employees and artist Kim Hyun-jung, fourth from left, at an event held at the card company's headquarters in Seoul, Thursday. The company celebrated as the number of its customers using its new credit card featuring Kim's artwork surpassed 1 million. The new card was launched five months ago. Courtes...
Costco-Hyundai Card alliance to reshape pecking order
The newly established alliance between Costco Wholesale Korea and Hyundai Card is expected to spur the credit card company and help it surpass KB Kookmin Card, according to industry sources and analysts Wednesday. Costco has recently chosen Hyundai Card, the No. 4 credit card as its new partner over Samsung Card via open bidding. Samsung had been Costco's partner for the last...
North Korea seeks bitcoin mining to finance regime
North Korea is highly likely deploying malicious software that enables its army of cyber hackers to “illicitly” mine and gain bitcoins without a trace, analysts claimed Tuesday. Given Pyongyang does not have the computer firepower, it is most likely targeting bitcoins as a means to finance the Kim Jong-un regime amid U.N. sanctions, they added. “In general, there are two main...
Supplying Egyptian metro
Export-Import Bank of Korea (Eximbank) CEO Eun Sung-soo, right, and Egypt's National Authority for Tunnels (NAT) Chairman Tareq Gamal el-Din show contracts at a ceremony held at Eximbank headquarters in Seoul, Tuesday. Eximbank agreed to extend low-interest loans worth 243 million euro for NAT to purchase subway cars from Hyundai Rotem for Cairo's Metro Line No. 3 extension p...
Library for multiracial families
Shinhan Card Deputy President Choi In-seon, left, holds a signboard for a new library opened in a welfare center for multiracial families in Seongdong-gu, Seoul, Monday. The card firm has been financially supporting welfare centers to open libraries since 2010. Courtesy of Shinhan Card
[INTERVIEW] Shinhan Financial eyes global deals for growth
Shinhan Financial Group will actively pursue acquisitions in Asia's emerging markets that can help it take a “leap up and forward” overseas, according to Cho Yong-byoung, the listed financial holding company's chairman. With its huge war chest of more than 20 trillion won in cash, the group will seek targets on the same or a similar scale as the deal it sealed to acquire ANZ ...
For children's safety
KB Savings Bank CEO Shin Hong-seob, fifth from right, raises his fist with employees and traffic officers from Gapyeong Police Station in Gyeonggi Province, Monday. The mutual savings bank agreed to work with the police station to expand “yellow safety zones” near crosswalks for elementary school students in the area. Courtesy of KB Financial Group
AMRO to assess Moon's income-led growth policy
The Moon Jae-in administration's income-led growth policy is expected to be assessed along with the country's financial soundness by a group of economists and analysts from the ASEAN+3 Macroeconomic Research Office (AMRO) this week. The Ministry of Economy and Finance said AMRO Director Junhong Chang will be leading a group of eight including chief economist Khor Hoe Ee and S...
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