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Finance

Non-banks

Fri, October 18, 2019 | 20:04

Kyobo Life chairman awarded for sustainability efforts

Kyobo Life Insurance Chairman Shin Chang-jae was recognized Friday for the efforts he has made toward achieving sustainable management. Shin received the “Best CEO of the Year” award at the 2019 Korean Sustainability Conference held at the Lotte Hotel in central Seoul.

Kim Bo-eun | 2019-10-18 16:28

Hyundai Card CEO 'in love' with startups

Hyundai Card Vice Chairman and CEO Chung Tae-young, who described his company as “Korea's biggest startup,” has gone all out to promote the firm's digital transformation through partnerships with prospective startups, according to industry officials, Tuesday.

Park Jae-hyuk | 2019-10-18 16:02

JKL, MBK start taking control of former Lotte units

Private equity firms (PEFs) that finalized their acquisitions of Lotte's insurance and credit card units have begun replacing the two financial companies' board members with their own executives, indicating the beginning of new management systems, according to the PEFs, Sunday.

Park Jae-hyuk | 2019-10-15 16:50

Korea at rock bottom in ratio of women on boards

Korea had the lowest percentage of women on boards of directors in the corporate sector in a survey of 56 countries, according to a report published by Credit Suisse, Tuesday.

Kim Bo-eun | 2019-10-15 16:09

Lime could halt redemption of W1.33 tril in funds

The head of Lime Asset Management said Monday the hedge fund manager could suspend the redemption of private equity funds (PEFs) amounting to 1.33 trillion won ($1.12 billion).

Kim Bo-eun | 2019-10-14 16:59

South Korea's nation brand value surpasses Italy to become the world's 9th: report

South Korea has surpassed Italy to become the world's ninth most valuable “nation brand,” according to the annual report by Brand Finance, a brand consultancy in London. South Korea's brand value, which increased 6.7 percent in the past year, is estimated at $2.13 trillion, followed by Italy ($2.11 trillion), which dropped to 10th from eighth.

Jung Min-ho | 2019-10-14 16:25

KDIC to help Kyrgyzstan establish deposit insurance program

The Korea Deposit Insurance Corp. (KDIC) will help Kyrgyzstan set up a deposit insurance program, following a comprehensive analysis including feasibility, the state-run deposit insurer said Wednesday.

Lee Kyung-min | 2019-10-10 17:43

FSS looks into Lime's suspension of fund redemption

The Financial Supervisory Service (FSS) is looking into Lime Asset Management's decision to halt redemption of its private equity funds (PEFs) over the past few weeks due to a liquidity shortage. Lime delayed payment on three funds, Sept. 1, and decided Thursday to halt redemption of other funds worth 620 billion won ($518.61 million) invested in private bonds and Mezzanine i...

Kim Bo-eun | 2019-10-10 17:15

BC Card to launch QR payment service for Vietnamese visitors

BC Card will launch a digital payment service for Vietnamese tourists in Korea, the card issuer said Monday. It joined hands with LienVietPostBank, Vietnam's largest bank in terms of number of branches, to launch a QR payment service here.

Kim Bo-eun | 2019-10-07 16:57

Brokerages close branches amid rising online trading

The number of brokerages' branches in Korea has continued to decline over the past few years amid an increase in online trading, data showed Sunday.

Lee Kyung-min | 2019-10-06 17:23

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