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Finance

Non-banks

Tue, March 31, 2020 | 21:04

Kyobo files complaint against Deloitte Anjin

Kyobo files complaint against Deloitte Anjin

Kyobo Life Insurance said Tuesday that it had filed a complaint against Deloitte Anjin with the U.S. Public Company Accounting Oversight Board. The life insurer said that the firm violated accounting standards when calculating the fair market value of “put options” held by four major investors, including the Hong Kong-based Affinity Equity Partners.

Kim Bo-eun | 2020-03-31 15:32

Shinhan to integrate life insurance units July 2021

Shinhan to integrate life insurance units July 2021

Shinhan Financial Group said Tuesday it decided to merge Shinhan Life Insurance with Orange Life Insurance on July 1 next year, dispelling concerns that the nation's leading banking group could revisit its integration plan over a backlash from Orange Life, formerly ING Life Insurance Korea.

Park Jae-hyuk | 2020-03-31 14:36

Brokerages replace CEOs to weather crisis

Brokerages replace CEOs to weather crisis

A number of brokerages have changed their leadership as they brace for a tough year ahead, amid their involvement with a troubled investment firm as well as growing uncertainties triggered by the coronavirus pandemic.

Kim Bo-eun | 2020-03-31 10:08

Mirae Asset chairman donates dividends for 10th year

Mirae Asset chairman donates dividends for 10th year

Mirae Asset Financial Group's Chairman Park Hyeon-joo has decided to donate share dividends for the 10th consecutive year.

Kim Bo-eun | 2020-03-30 16:28

[INTERVIEW] 'Asset management biz in Korea to grow rapidly'

[INTERVIEW] 'Asset management biz in Korea to grow rapidly'

With Korea's economy slowing down in recent years, many foreign financial firms have left the local market. However, Barings Asset Management, which entered Korea 30 years ago, is continuing its operations here, based on expectations of growth in the asset management business.

Kim Bo-eun | 2020-03-29 15:46

KakaoPay CEO urged to globalize Korean fintech

KakaoPay CEO urged to globalize Korean fintech

KakaoPay CEO Ryu Young-joon, who will lead the nation's largest fintech lobby group over the next two years, is facing growing calls to focus on helping Korean fintech firms go global.

Park Jae-hyuk | 2020-03-25 10:03

More people canceling insurance policies

More people canceling insurance policies

A working mom, surnamed Kim, is seriously mulling cancelling an insurance policy she signed up for her and her daughter last year due to the stock market crash in recent weeks caused by the of novel coronavirus pandemic.

Kim Bo-eun | 2020-03-24 11:45

[INTERVIEW] Korean-Australian wealth manager full of ambition

[INTERVIEW] Korean-Australian wealth manager full of ambition

Solomons Group managing partner Johnny Shin, 32, lives up to his favorite William Pollard quote, “The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow.”

Park Jae-hyuk | 2020-03-19 15:56

[CEO Watch] Single leadership puts Yuanta Securities Korea CEO to test

[CEO Watch] Single leadership puts Yuanta Securities Korea CEO to test

Kuo Ming-cheng, the Taiwanese CEO of Yuanta Securities' Korean subsidiary who served a co-leadership position with his Korean counterpart Suh Myung-suk, is set to lead the brokerage's Korea business on his own.

Kim Bo-eun | 2020-03-18 09:45

Zero Pay catches on amid pandemic

Zero Pay catches on amid pandemic

The rapid spread of COVID-19 across the country has significantly raised the volume of payments made via Zero Pay, which had been sluggish since its launch in December 2018, the Seoul Metropolitan Government (SMG) said Monday.

Park Jae-hyuk | 2020-03-16 15:04

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