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Wednesday, May 18, 2022
HMM shares will be put up for sale Korea Development Bank (KDB) said this week that the country’s state-run lender is set to sell its stake in HMM, the world’s eighth-largest container carrier. KDB Chairman Lee Dong-gull told an online press...
Two outfits try to rally investors to drive sustainable trade finance Standard Chartered, a top-tier international banking group, has teamed up with China’s primary supply chain fin-tech solution provider Linklogis to offer new experiences to customers. The two companies announced on...
Korea's top apex organization carries out various projects for youth The Korean Federation of Community Credit Cooperatives (KFCC) said on Aug. 20 that the outfit has been conducting various projects aimed at protecting the country’s youngsters. Indeed, the leading apex organization...
Internet firm threats dominance of Korean conglomerates South Korea’s stock market has been ruled by a handful of traditional conglomerates, including Samsung, Hyundai, SK, and LG, over the past several decades. But the country’s internet giant Kakao Group is threatening their...
Two outfits will cooperate in content related to investment, pension Mirae Asset Investment and Pension Center has teamed up with the Korean unit of the Financial Planning Standards Board (FPSB) to cooperate in content related to investment and pension. Toward that...
ABL Life offers coverage with minimum premiums ABL Life announced Aug. 13 that it had debuted an insurance plan covering five top cancers of South Korea while levying minimum financial burdens on customers. The Seoul-based insurer said that the product covers...
Internet bank becomes Korea’s most valuable financial firm Korea’s internet-only lender Kakao Bank has become the most valuable financial company in the country as soon as it was floated on the Seoul bourse on Aug. 6. After opening at 53,700($46.86), the...
Oxford Economics warns of mounting Delta risk The South Korean economy fared well in July in terms of exports, but the country faces a mounting risk regarding the more transmissible Delta variant of the coronavirus, according to a global think-tank. Oxford...
Apex organization tests-run digital banking services The Korean Federation of Community Credit Cooperatives (KFCC) announced on July 26 that the outfit would start to test-run two “paperless branches” in Seoul this week. The foremost apex organization for Korea’s cooperative banking sector...
KB, Woori, Hana, POSCO, LG record stellar bottom lines A flurry of South Korean companies chalked up record profits during the first half of this year, including KB, Hana, Woori, LG Household & Health Care, and POSCO. KB Financial Group, the...

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