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N. Korea rejects alleged arms trading with Russia, warns of consequences
S. Korea's new COVID-19 cases fall below 20,000 ahead of lifting of indoor mask mandate
[New in Korean] Actor Kim Hye-ja's memoir explores 60-year career
[Herald Review] Musicals that are treats for the ears, feasts for the eyes
[Weekender] Tale of Daechi moms: Women who go all in for kids’ college dreams
Gangwon offers fun, exciting winter activities
[Korean Flavors] Onjium updates traditional dishes using seasonal ingredients
[Eye Plus] A to Z of making Hanbok
Opposition leader blasts 'dictatorial regime,' says won't answer questions during interrogation
TXT's new album sold 1.8m copies on 1st day, highest after BTS
Two Chinese warplanes entered KADIZ earlier this week: S. Korean military
S. Korea's new COVID-19 cases fall below 30,000
Prosecutors indict head of hotel adjoining site of Itaewon crowd crush
N. Korean leader's sister condemns US provision of tanks to Ukraine
Ministry blasted over rape law U-turn
[Today’s K-pop] NCT’s Haechan to resume activities from next week
Yoon may revisit law letting police handle espionage cases: ruling party
Samsung Biologics 2022 earnings hit all-time high with W3tr sales
Kia records highest yearly figures on sales growth
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Mirae Asset Global Investments tops TDF market share
Jan 25, 2023
Mirae Asset Global Investments has gobbled up nearly half of target-date fund market share, recording 3.5 trillion won ($2.84 billion) under management as of the end of 2022. TDF refers to an investment scheme where a portfolio’s asset allocation mix automatically rebalances throughout an account holder’s lifecycle to make it less prone to volatility as the target date draws near. Analysts attributed Mirae Asset's top position to the group's chairman, Park Hyun-joo, who has
Mirae Asset buoyed by upbeat overseas earnings
Jan 19, 2023
Marking 20th year of global business, investment firm outpaces crosstown rivals in overseas profits
[Newsmaker] After 'giant' interest rate hikes, are savers better off?
Jan 11, 2023
Tough conditions mean high interest rates advertised for savings accounts are often a mirage
Banking groups under pressure to boost dividend payouts
Jan 10, 2023
Activist fund declares proxy fight against 7 local lenders, calls for them to raise dividend ratio to some 50%
South Korea's foreign reserves expand in December on dollar's descent
Jan 4, 2023
South Korea's foreign reserves continued to expand for the second straight month in December as the weakening dollar resulted in a rise in the converted value of holdings denominated in other currencies, central bank data showed Wednesday. The country's foreign reserves came to $423.16 billion as of end-December, up $7.06 billion from the previous month, according to the data provided by the Bank of Korea. The increase came as the dollar-converted value of other currency-based assets i
Invisible finance is ultimate goal for Shinhan Bank: new CEO
Dec 30, 2022
The new CEO of Shinhan Bank, one of South Korea's top four lenders by net profit, vowed to put customer-centric service and digital innovation first during his tenure. “Shinhan will manage its soundness through precise data analysis and protect customer value through timely support measures,” said Han Yong-gu, former deputy president in charge of sales management at the lender, who was inaugurated as CEO on Friday. Offering supportive measures for vulnerable debtors such as ow
Where do the superrich keep their money?
Dec 25, 2022
KB's exclusive banking branch lures superwealthy parents who want a smooth transition of assets to their children
NongHyup Financial Group taps CEOs for affiliates
Dec 22, 2022
NongHyup Financial Group announced their affiliate CEO candidates, including NongHyup Bank, Thursday. The candidates were selected through a recommendation committee meeting held earlier in the day. The group has tapped Lee Seok-yong, a senior official in charge of planning and coordination at the National Agricultural Cooperative Federation, as NongHyup Bank CEO. NongHyup Bank is an affiliate of the National Agricultural Cooperative Federation. Lee joined the company in 1991 and has since been
Toss Securities joins hands with Hana Bank for 24-hour forex trading service
Dec 16, 2022
Hana Bank on Thursday signed a memorandum of understanding with Toss Securities, the brokerage arm of fintech company Viva Republica, to jointly provide around-the-clock service for foreign exchange trading. “Through continuous cooperation with various financial companies like Toss Securities, we will create a new trend in the foreign exchange market,” Hana Bank official Namgoong One said in a statement. According to Hana Bank on Friday, the bank will mainly provide exchange rate i
Hana Financial taps CEO candidates
Dec 14, 2022
Lee Seung-lyul from now-defunct Korea Exchange Bank appointed as Hana Bank CEO candidate
Firms with more foreign shareholders more transparent
Dec 13, 2022
Companies with higher involvement of foreigners and small investors are more likely to release more detailed corporate governance reports, demonstrating more transparency, the Korea Exchange said Tuesday. The Korea Exchange, the nation's sole bourse operator, released an analysis on the corporate governance reports of companies listed on the local stock market. As companies with assets between 1 trillion and 2 trillion won ($767 million to $1.53 billion) were required to release corporate
Nearly 70,000 under 30s subject to gift tax
Dec 12, 2022
More than 70,000 people under the age of 30 are obliged to pay a gift tax for receiving assets in 2021, marking a two-fold increase from the year before, data showed Monday. According to Rep. Jin Sun-mee from the Democratic Party of Korea, 70,115 people under 30 are obliged to pay a gift tax for receiving land, properties or securities in 2021. Jin is a member of the Strategy & Finance Committee at the National Assembly and the data was provided by the National Tax Service. Jin argued the fi
Jin Ok-dong tapped as chairman candidate for Shinhan Financial
Dec 8, 2022
Shinhan Bank President Jin Ok-dong, 61, has been appointed as the final candidate for the new chairman of Shinhan Financial Group, South Korea's No. 2 bank by total assets, Thursday. The group said that nonexecutive directors of the group unanimously voted for Jin at a candidate recommendation meeting held at the firm's headquarters in central Seoul. Other candidates were Shinhan Financial Group Chairman Cho Yong-byoung and Shinhan Card CEO Lim Young-jin. Though it was rumored that cur
MBK chairman named 'hero of philanthropy'
Dec 8, 2022
Seoul-based private equity house MBK Partners Founder and Chairman Michael Byung-ju Kim has been named one of the 15 “Asia’s Heroes of Philanthropy” by US business magazine Forbes for the second year in a row. He was the only Korean to make this year’s top philanthropist list. Kim was one of only three people -- the other two being billionaire brothers Ronnie and Gerald Chan who are the co-founders of Hong Kong’s Morningside Group -- to be recognized for two consecu
[Newsmaker] ‘Long live the bill’ in cashless society
Dec 7, 2022
BOK says 50,000-won banknote has life span over 15 years, compared to 23 years of $100 and 41 years of 50-pound bills
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Korea's pension to run out faster on population decline
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Ministry blasted over rape law U-turn
Opposition leader blasts 'dictatorial regime,' says won't answer questions during interrogation
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Seoul education superintendent convicted for unfair hiring
Prosecutors indict head of hotel adjoining site of Itaewon crowd crush
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Old, neighborhood bathhouses are an endangered breed
Two Chinese warplanes entered KADIZ earlier this week: S. Korean military
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Unification Ministry seeks to disclose more N. Korean information to public
[Weekender] Tale of Daechi moms: Women who go all in for kids’ college dreams
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