KoreaTimes - Companies

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Companies

Tue, March 28, 2023 | 07:36

Securities depository's next leadership draws controversy

Securities depository's next leadership draws controversy

The Korea Securities Depository (KSD) is drawing controversy for “parachuting in” an outside figure who worked as a think tank member of President Yoon Suk Yeol's election camp. According to the KSD's executive recommendation committee, Lee Soon-ho - a researcher at the Korea institute of Finance - has been nominated as the sole candidate for the KSD's next presidency.

Lee Min-hyung | 2023-02-23 16:11

When will Kakao Entertainment debut on bourse?

When will Kakao Entertainment debut on bourse?

Kakao Entertainment is widely believed to be aiming to go public by the end of this year or early next year. The entertainment subsidiary of Kakao had long considered making a debut on the local stock market, yet the IPO plan has been delayed till now, amid strong criticism against the big tech firm's continuous split-off listings that harmed Kakao shareholders' interests.

Anna J. Park | 2023-02-22 16:53

Banks rush to share economic burden following gov't pressure

Banks rush to share economic burden following gov't pressure

Commercial banks are taking a series of measures aimed at sharing the economic burden felt by the public after the government slammed the lenders for making windfall profits from rising interest rates, while turning a blind eye to the worsening livelihoods of Koreans.

Yi Whan-woo | 2023-02-21 16:38

K bank improves efficiency through robotic process

K bank improves efficiency through robotic process

K bank announced Tuesday that it has raised its efficiency by adopting robotic process automation (RPA), an AI-based software system that saved 28,000 hours of work last year for the digital lender.

Anna J. Park | 2023-02-21 16:33

Naver Pay and Samsung Pay join hands to counter Apple Pay

Naver Pay and Samsung Pay join hands to counter Apple Pay

With Apple Pay's imminent launch in Korea, Naver Pay and Samsung Pay formed a strategic partnership earlier this week to consolidate their current dominance over the mobile payment market in the country, a move seen as an alliance to keep Apple Pay's potential growth in local markets in check. It is the first time for Samsung Pay to join hands with financial companies, other ...

Anna J. Park | 2023-02-21 16:17

NongHyup Bank to enhance global partnership with ING

NongHyup Bank to enhance global partnership with ING

NH NongHyup Bank said Tuesday that a high-ranking executive of Dutch multinational banking company ING visited Seoul to discuss ways to enhance their partnership. The Korean bank said Deputy President Lee Yeon-ho met ING Global Head of Transaction Services Elvira Kruger at the bank's headquarters in central Seoul, Monday.

Yi Whan-woo | 2023-02-21 15:58

Planned alcohol price hike to add to livelihood woes

Planned alcohol price hike to add to livelihood woes

Prices of beer and soju may go up again following last year's hike, which would add to the people's woes in the midst of economic uncertainties. Beer and soju have been possibly the two most-sought-after drinks among consumers at times of economic difficulty as they are cheap compared to other alcoholic beverages.

Yi Whan-woo | 2023-02-20 16:42

Samsung Fire taps into urban air mobility market

Samsung Fire taps into urban air mobility market

Samsung Fire & Marine Insurance is set to launch a new form of insurance products specially designed for the urban air mobility (UAM) market. The insurer said Monday it has clinched a partnership with two local UAM-related startups - Moviation and UI Helijet - to expand into the emerging growth area.

Lee Min-hyung | 2023-02-20 16:36

Hana Bank establishes $23 million fund for those hit by energy price hikes

Hana Bank establishes $23 million fund for those hit by energy price hikes

Hana Bank established a fund worth 30 billion won ($23 million) to support the socially vulnerable suffering from escalating financial pressures caused by recent energy price hikes, the lender said Sunday. The bank's labor and management set up the joint fund to help those in need, helping to reduce the financial burden on vulnerable debtors and around 150,000 of the lender's...

Lee Min-hyung | 2023-02-19 16:47

Citibank Korea to send highest dividends in 3 years to US headquarters

Citibank Korea to send highest dividends in 3 years to US headquarters

Citibank Korea will hand out 73.2 billion won ($56.3 million) in dividends to its shareholders this year, according to the company and the Korea Federation of Banks, Friday. The amount will mark the highest in the past three years, including 2019 and 2020 when the dividend payouts amounted to 65.2 billion won and 46.5 billion, respectively.

Yi Whan-woo | 2023-02-17 17:22

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK

2	Yoo Ah-in appears before police over alleged use of illegal drugs

3	US aircraft carrier to visit Busan amid NK provocations

4	Families of foreign construction workers can receive retirement pay: court

5	Indonesian investment minister promotes EV cooperation with Korea

6	Nongshim plans to build plant in eastern US region

7	Korean crypto investors want Do Kwon punished in US

8	Gimpo-China flights recover to pre-pandemic levels

9	Right-wing Japanese support Seoul-Tokyo ties: Korean envoy to Japan

10	Local bank stocks hit by shockwaves from SVB, CS collapses

DARKROOM