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Mon, December 4, 2023 | 22:11
Reinventing brands key to lasting success
Brands need to reinvent themselves constantly as the business environment and lifestyle trends change rapidly in the digital age, according to a marketing specialist. Companies, schools and households should train up the ability to see what's coming in the future, and build and reinvent their brands before the moment of truth arrives.
Helping farmers
NongHyup (NH) Savings Bank employees raise their fists for a photo after helping farmers under the summer heat in Yeoncheon, Gyeonggi Province, Tuesday. The NH volunteer team was dispatched to the region to help harvest peppers and fix farmers' equipment there. Courtesy of NH Savings Bank
MBK anxiously wants to sell ING to Shinhan: sources
MBK Partners, a local private equity giant, seemingly wants to sell ING Life Insurance before the end of the year after holding onto the insurance company for five years, multiple sources said Tuesday. Shinhan Financial Group has been in talks with the firm to acquire ING since April when it filed a public disclosure that it is considering the acquisition. However, a Shinhan ...
Credit card blues
Credit card companies are reeling from constant state pressure to lower the fees they charge stores for customer transactions, industry sources said Monday. It has been hurting their bottom lines to the point where they are barely able to keep their margins up. “The industry has lowered fees six times since 2012 as the government has forced them to do so through legislation. ...
Shinhan, Samsung forge digital ties
Shinhan Bank said Monday it has forged strategic ties with Samsung Electronics to build an online payment ecosystem in Vietnam. This marks the bank's first time to join hands to foray into the field in the region, the bank said. Its Vietnamese bank and Samsung will provide Samsung Pay prepaid card service, enabling users of the bank's online networks and Samsung Galaxy Note 9...
Small activist takes on giant fund manager
Platform Partners Asset Management will continue to fight Macquarie Korea Asset Management over what Platform claims is Macquarie's “irregular and unreasonable management fee and incentive structure.”Macquarie said last week in a press statement it will lower its fees by 8 percent from what it received in 2017, in accordance with the Macquarie Korea Infrastructure Fund's (MKI...
Platform for small biz
Shinhan Card employees pose for a photo with a small business owner, center, holding a tablet PC that has the credit card's application, MySHOP, in Seoul, Sunday. The card firm launched the platform where small businesses can use its big data technology to market their products and services. Courtesy of Shinhan Card
Gov't shifting from 'income-led growth'
The Moon Jae-in administration has begun shifting its policy stance toward encouraging the private sector to invest and create jobs after a series of failures under his signature “income-led growth.”
'Retained earnings are not all cash'
Politicians and businesspeople are locking horns yet again over an issue concerning retained earnings. Retained earnings under shareholders' equity on balance sheets are the surplus from a company's net income after paying dividends to investors. Lawmakers of the ruling Democratic Party of Korea (DPK) recently claimed that companies are hoarding too much of their retained ear...
Shinhan chief flexes global muscles for '2020 vision'
Cho Yong-byoung, chairman and chief executive of Shinhan Financial Group, is expected to head overseas on an investor relations (IR) roadshow to present the firm's plan to global investors during the second half of this year, the group said Thursday. “The group's IR team is set to go to Canada and the United States at the end of this month. Our chairman is still adjusting his...