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Finance

Non-banks

Tue, March 2, 2021 | 03:33

Hyundai Card CEO hints at designating digital expert as successor

Hyundai Card CEO hints at designating digital expert as successor

Hyundai Card Vice Chairman and CEO Chung Tae-young implied that he may one day hand over leadership of the company to a digital expert who may have no financial industry experience.

Park Jae-hyuk | 2021-03-01 09:59

Samsung's insurance arms offer industry-leading dividends in 2020

Samsung's insurance arms offer industry-leading dividends in 2020

Samsung Group's two insurance affiliates offered the highest dividends in the domestic insurance industry last year despite a slight cut in the total returns offered amid pressure from watchdogs, data showed Friday.

Lee Min-hyung | 2021-02-26 16:18

MBK Partners, Kakao eyeing controlling stake in eBay Korea

MBK Partners, Kakao eyeing controlling stake in eBay Korea

Private equity fund (PEF) MBK Partners and local internet firm Kakao Corporation are tapped as the most viable candidates to possibly acquire eBay Korea, the country's No.2 e-commerce company that went up for sale last month.

Kim Jae-heun | 2021-02-24 16:41

Hyundai Card launched 'MX BOOST' credit cards

Hyundai Card launched 'MX BOOST' credit cards

Hyundai Card has released a new line of credit cards called “MX BOOST” in January featuring upgrades to benefits and services offered by the Hyundai Card M and Hyundai Card X credit cards already in use.

Anna J. Park | 2021-02-23 14:12

Toss app operator faces lawsuit for fraudulent ads

Toss app operator faces lawsuit for fraudulent ads

Hundreds of users of the Toss mobile money transfer app are preparing for a lawsuit against its operator Viva Republica, alleging the fintech firm advertised fraudulent investment products that caused them huge losses.

Park Jae-hyuk | 2021-02-23 09:13

BNP Paribas Cardif, Chubb, ABL, MetLife losing customers here

BNP Paribas Cardif, Chubb, ABL, MetLife losing customers here

Mid-tier foreign life insurance companies appear to be losing their customers here, in contrast to their Korean peers, which have successfully prevented their clients from terminating their insurance contracts despite the COVID-19 pandemic.

Park Jae-hyuk | 2021-02-19 15:45

JKL Partners fails to normalize Lotte Insurance

JKL Partners fails to normalize Lotte Insurance

JKL Partners failed to get Lotte Insurance to turn a profit again last year, although the local private equity firm (PEF) sent 400 of the insurer's employees home and closed 40 offices out of 140 since its takeover in October 2019.

Park Jae-hyuk | 2021-02-17 16:44

KT revamping financial businesses

KT revamping financial businesses

KT is drawing attention for its accelerated efforts to revamp its financial businesses to take the lead in the data-driven financial industry, which is considered to be a high-priority following the rise of the data economy.

Park Jae-hyuk | 2021-02-08 16:38

Mirae Asset Daewoo to buy back W100 billion worth of own shares

Mirae Asset Daewoo to buy back W100 billion worth of own shares

Mirae Asset Daewoo said Sunday it plans to buy back 100 billion won of its own shares as a means of boosting shareholder value.

2021-01-31 13:47

Deloitte Anjin accountants indicted by prosecutors amid feud with Kyobo Life

Deloitte Anjin accountants indicted by prosecutors amid feud with Kyobo Life

Following a nine-month investigation, the Seoul Central District Prosecutor's Office indicted three accountants at Deloitte Anjin as well as two officials from Affinity Equity Partners earlier this week on charges of violating Korea's Certified Accountant Act that requires chartered accountants to remain impartial and maintain good faith. The law prohibits chartered accountan...

Anna J. Park | 2021-01-19 17:13

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