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Finance

Non-banks

Wed, August 21, 2019 | 05:27

Hyundai Card CEO mired in family feud

The “family feud” involving Hyundai Card Vice Chairman and CEO Chung Tae-young has been making headlines after someone claiming to be his sister, posted a petition on the Cheong Wa Dae website Sunday, alleging he has broken the law frequently.

Park Jae-hyuk | 2019-08-20 16:22

Korean woman joins IFAC education panel for 1st time

Choi Dhal, a senior certified public account (CPA), has been appointed as a member of an accountancy education panel with an international accountants' organization, a group representing Korean CPAs said Monday. Choi is the first among over 4,000 female Korean CPAs to become a member of the international body.

Lee Kyung-min | 2019-08-19 19:02

KCGI considers acquiring Asiana Airlines

The Korea Corporate Governance Improvement (KCGI) is reviewing its plan to acquire debt-ridden Asiana Airlines, according to industry sources and media reports. Multiple sources said that KCGI CEO Kang Sung-boo said the homegrown PEF “received an Information Memorandum (IM) from Asiana Airlines and is reviewing its options” for the possible acquisition.

Jhoo Dong-chan | 2019-08-19 16:58

Concerns growing over non-life insurers' rising marketing fees

Major non-life insurers are found to have increased marketing fees to boost market capitalization, raising concerns that consumers will end up shouldering the costs in the form of increased premiums.

Lee Kyung-min | 2019-08-16 17:51

Mirae Asset bids for W6.7 tril. hotels deal

Mirae Asset Financial Group is seeking to acquire 15 luxury hotels in the U.S., a package deal worth about 6.7 trillion won ($5.53 billion), the group official said Friday.

Jhoo Dong-chan | 2019-08-16 17:50

KCGI to sue Korean Air Chairman Cho

The Korea Corporate Governance Improvement (KCGI) said it requested board members of Hanjin KAL to sue Korean Air Chairman Cho Won-tae for damages.

Jhoo Dong-chan | 2019-08-16 17:49

Savings banks to launch unified banking system

A coalition of savings banks in Korea will launch a unified online banking platform in September to improve customer service, an industry official said Wednesday.

Lee Kyung-min | 2019-08-15 20:47

Legal battle over Kiwoom Securities' report begins

A legal battle has begun between investors of Soulbrain, a manufacturer of hydrogen fluoride, and Kiwoom Securities which issued a report on the company. A group of 30 investors filed a compensation suit against the securities firm with the Seoul Southern District Court, Aug. 9, claiming the report on Soulbrain was misleading.

Kim Bo-eun | 2019-08-15 16:06

Eugene Investment faces lawsuit for system failure

Eugene Investment & Securities is facing a lawsuit from a group of customers for a system failure that disrupted its home trading system (HTS) and mobile trading system (MTS) for three hours on Aug. 9, according to industry officials, Wednesday.

Park Jae-hyuk | 2019-08-14 18:18

Major life insurers face perfect storm

Circumstances have become increasingly tough for life insurers due to a number of unfavorable factors amid declining earnings. Major local life insurers including Hanwha Life and Nonghyup Life saw their net profit for the first half of 2019 fall by more than 50 percent from the same period a year earlier.

Kim Bo-eun | 2019-08-14 15:48

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