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Wed, January 29, 2020 | 19:58
Lime fiasco feared to spill over into more funds
Lime fiasco feared to spill over into more funds
There are growing concerns over a possible fund run after AlpenRoute Asset Management, a mid-sized hedge fund manager here, suspended payments on some of its funds following a series of redemption requests from securities companies. AlpenRoute said Tuesday that it will freeze 110 billion won in assets, halting fund withdrawals for investors in a move to forestall a possible l...
Kim Bo-eun | 2020-01-29 15:54
For sustainable growth
For sustainable growth
Executives and employees of MetLife Korea's affiliated agency MetLife Financial Services take part in the agency's sales strategy meeting at the Inter-Burgo Exco Hotel in Daegu in this Jan. 9 photo provided Tuesday by the insurer. MetLife Financial Services said that it will double its number of agents to 1,000 by the end of the year, to boost its market dominance as part of ...
Kim Bo-eun | 2020-01-28 17:15
Toss lags behind Kakao in securities business
Toss lags behind Kakao in securities business
Viva Republica, the operator of the Toss mobile money transfer app, has fallen behind Kakao in the race to start a securities business as KakaoPay is about to get approval from the financial regulator for its takeover of Baro Investment & Securities, according to analysts, Tuesday.
Park Jae-hyuk | 2020-01-28 16:15
Former AIG Korea chief appointed as AP CEO
Former AIG Korea chief appointed as AP CEO
U.S. insurance giant American International Group (AIG) appointed former AIG Korea head Steven Barnett as its Asia-Pacific CEO Thursday.
Kim Bo-eun | 2020-01-23 14:41
NongHyup group's bank reliance poses challenge
NongHyup group's bank reliance poses challenge
NongHyup Financial Group's rapid growth driven by its flagship NongHyup Bank has emerged as a double-edged sword as its weak non-banking affiliates are posing a challenge for the group's growth amid a toughening environment for banks.
Kim Bo-eun | 2020-01-22 15:14
Ex-Samsung Life execs seize control of group's financial arms
Ex-Samsung Life execs seize control of group's financial arms
Former and incumbent Samsung Life Insurance employees in their 50s will lead the nation's largest conglomerate's financial units, according to each affiliate, Tuesday.
Park Jae-hyuk | 2020-01-21 16:50
For overseas investment
For overseas investment
Officials from NongHyup Financial Group and Paris-based Amundi Asset Management shake hands during this year's first steering committee meeting at the group's headquarters in Seoul, Jan. 15. At the meeting, they agreed to cooperate to strengthen NH-Amundi Asset Management's overseas investment. Amundi is NH-Amundi's second largest shareholder. Courtesy of NongHyup Financial G...
Kim Jae-kyoung | 2020-01-20 10:39
Awarding outstanding employees
Awarding outstanding employees
Shinhan Card CEO Lim Young-jin, center, poses with top prize recipients at an event awarding achievements of 2019, held at the AW Convention Center in central Seoul, Friday. Employees of the card firm's Gwangju branch won the top award. / Courtesy of Shinhan Card
Kim Bo-eun | 2020-01-19 16:21
Opening library at Vietnamese school
Opening library at Vietnamese school
A team of volunteers from Prudential Life Insurance Company of Korea pose after taking part in the creation of a library at a middle school in Trung Chai, Vietnam, Wednesday. Prudential said 26 financial consultants and 112 family members of customers have been dispatched to developing countries for volunteer activities over the past nine years. / Courtesy of Prudential Life ...
Kim Bo-eun | 2020-01-16 17:47
Apple's arrogance angers Korean card issuers
Apple's arrogance angers Korean card issuers
Apple's high-handed attitude toward Korean credit card issuers has been leading to a reduced likelihood of Apple Pay's launch here, as card firms have declined to accept the U.S. tech giant's unreasonable demands, industry sources said Wednesday.
Park Jae-hyuk | 2020-01-16 17:02
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