-
Woori Bank launches Korea desk in BangladeshMoneyOct 28, 2020Woori Bank said Wednesday it has launched a Korea desk at its branch in Dhaka, Bangladesh, to help South Korean companies extend their business into the South Asian country. Through the service desk... -
No. of South Korean rich surges twofold in decadeEconomyOct 28, 2020The number of rich people in South Korea has more than doubled in the past 10 years, a report showed Wednesday. According to the Korea Wealth Report 2020 released by KB Financial Group Research Inst... -
New Citibank Korea CEO stresses risk managementMoneyOct 28, 2020Yoo Myung-soon, the new CEO of Citibank Korea -- the local branch of New York-based Citigroup -- urged the bank’s leaders as well as employees to ramp up efforts to counter potential managing risks f... -
FSC chief stresses consumer protection, digital transition in COVID eraEconomyOct 27, 2020Financial Services Commission Chairman Eun Sung-soo on Tuesday stressed the importance of consumer protection in the coronavirus era amid surging financial investment activities by retail investors t... -
Citibank Korea officially names first female CEOMoneyOct 27, 2020Yoo Myung-soon, incumbent interim chief executive officer of Citibank Korea, was officially tapped to lead the bank as the first female chief to lead the US lender’s local unit, officials said Tuesda... -
Bank overdrafts, card loans on sharp rise among 20-somethingsEconomyOct 26, 2020Amid a prolonged economic contraction and shrinking employment rate, South Koreans in their 20s have increasingly become debt-ridden, depending on bank overdrafts and credit card loans, data showed. ... -
NH NongHyup sets up Myanmar branchMarketsOct 26, 2020NH NongHyup Bank said Monday it has launched its branch office in Yangon, the largest city of Myanmar to expand its presence in the Southeast Asian country. The establishment of Yangon-based branch ... -
Finance Ministry to unveil new counterstep to rising jeonse prices this weekMarketsOct 25, 2020The government is slated to unveil a set of additional real estate policies as early as this week, according to the Ministry of Economy and Finance and related agencies on Sunday. The goal is to ease... -
Shinhan Financial, Grab partner on digital finance services in VietnamMarketsOct 22, 2020Shinhan Financial Group said Thursday that it had signed a memorandum of understanding with the Vietnamese subsidiary of Singapore-based ride-hailing giant Grab to jointly develop new digital financi... -
Renters 65% less likely than homeowners to get married: studyMarketsOct 21, 2020South Koreans who rent their homes are less likely to get married and have children than those who own their own homes, a private think tank said Wednesday. When people who paid monthly rent were co... -
8 out of 9 state-run financial firms have zero female executivesEconomyOct 20, 2020Women in leadership positions are still rare at South Korea’s state-run financial institutions, despite the government’s policy drive to empower female workers at the public offices, data showed Tues... -
Half of credit loan users still get top rating grade: dataMoneyOct 19, 2020Nearly a half of local lenders’ borrowers have received the top credit rating as their ability to repay interest improved under the ultra-low interest rate environment, data showed Monday. As of end... -
Resurgence of COVID-19 drives unemployment to new highEconomyOct 16, 2020South Korea shed nearly 400,000 jobs last month as a resurgence of coronavirus cases weighed on the labor market recovery, data showed Friday. The number of employed people in Asia’s fourth-largest ... -
More than half of card loan users juggle multiple debtsMoneyOct 14, 2020More than a half of credit card loan users in South Korea pay debts with cash withdrawn from multiple financial institutions, data showed Monday, indicating that both credit card issuers and commerci... -
FSC chief hints at tightening loan measuresEconomyOct 12, 2020The nation’s top financial regulator hinted Monday at the possibility of tightening loan regulations to curb snowballing household debts induced by the pandemic. The country’s household debts surged...
MOST POPULAR
-
01Revised social distancing rules to be announced this weekend
-
Refund Sisters: latest K-pop sensation that S. Korea is raving about02
-
03New virus cases above 100 for 2nd day, cluster infections remain problem
-
[US elections and Korea] What would 2nd Trump term mean for Korea?04
-
05Moon says 2021 budget will lay grounds for ‘leading economy’
-
Popular Seoul clubs to close on Halloween weekend06
-
07Gong Yoo, Park Bo-gum team up in film about first human clone ‘Seobok’
-
[News Focus] Koreas to see population gap narrow08
-
09Arrest warrant in review for school counselor suspected of leaking SAT questions
-
Funeral held for Samsung Chairman Lee10