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[THE INVESTOR] The Korea Federation of Banks on Aug. 26 expressed hopes for local commercial banks’ annual offshore net income from financial branch network operations and investments to mark a reco...
[THE INVESTOR] Korea’s bourse operator said on Aug. 24 it has adopted a revised format of regulatory filing for KOSDAQ market-listed firms in a bid to avoid potential confusion and give more precise...
[THE INVESTOR] NH NongHyup Bank announced on Aug. 22 that it is set to launch a microfinance institution in Cambodia after getting approval from the financial authorities. Korea’s agricultural bank...
[THE INVESTOR] Korea’s financial watchdog has submitted a revised bill to the National Assembly that allows firms like Kakao, Naver, Nexon and Netmarble to hold a bigger stake in internet-only banks...
[THE INVESTOR] Shinhan Financial Group has steadily raised capital this year in a possible bid for ING Life Insurance, market watchers said on Aug. 22. Shinhan Financial plans to issue contingen...
[THE INVESTOR] Costco Korea is likely to replace its credit card partner after an 18-year relationship with Samsung Card, according to Seoul Economic Daily on Aug. 20. The Korean unit of the US dis...
[THE INVESTOR] The number of consumer complaints against financial firms rose 7.7 percent on year in the first-half of this year, mainly due to deceptive insurance products and fraudulent peer-to-p...
[THE INVESTOR] Kakao Bank, the country’s second internet-only bank, is rapidly catching up with regional banks across the country, data showed on Aug. 16. As of end-June, Kakao Bank’s assets came t...
[THE INVESTOR] Their operating income also jumped 8.56 percent to 84.96 trillion won, and sales went up 5.33 percent to 924.23 trillion won during the cited period, the data showed. Of the 536 K...
[THE INVESTOR] The combined net profit of Korea’s major credit card firms plunged nearly a third in the first half from a year earlier due mainly to decreased swipe fees, industry data showed on Aug...
[THE INVESTOR] Korean banks reported a 4 percent rise in their combined net profit for the first half of this year, thanks to a solid rise in interest income, data showed on Aug. 16. The combine...
[THE INVESTOR] Although Korea’s top four financial groups -- KB Financial , Shinhan Financial , Hana Financial and Woori Bank -- recorded impressive second-quarter earnings, their share pric...
[THE INVESTOR] Mirae Asset Daewoo, the brokerage arm of Korea’s leading mutual fund house, on Aug. 8 reported a record net income of 357.8 billion won (US$320 million) in the first half of this year...
[THE INVESTOR] Foreign investors turned net buyers in the Korean stock market for the first time in four months in July as they scooped up local shares in the second-quarter earnings season, the cen...
[THE INVESTOR] Korea’s unionized bank workers are likely to stage a strike in September for the first time in two years amid a feud with management over the introduction of a shorter workweek system...
Samsung scouts AI startups in Paris
Overcoming Elliott hurdle, Hyundai heir tightens grip over W220tr empire
Jaguar Land Rover Korea introduces upgraded Velar
Korea widens tax evasion crackdown on ‘Seungri scandal’
Most LG businesses to fully adopt cloud services in 5 years: LG CNS
Samsung, Motorola compete to win 5G smartphone race
Amorepacific hosts yearly marathon for breast cancer awareness
BLACKPINK surpasses 20 mln YouTube subscribers
March 25, 2019
