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Sun, January 29, 2023 | 17:43
Bank operating hours return to normal amid union opposition
Bank operating hours return to normal amid union opposition
From Monday, five major commercial banks in Korea will return to their normal operating hours, opening at 9 a. m. and closing at 4 p.m. The lenders decided to shorten their operating time by an hour 18 months ago, opening at 9:30 a.m. and finishing at 3:30 p.m., due to coronavirus-led social distancing policies in July 2021.
Anna J. Park | 2023-01-29 17:04
Hana unveils vision to become Asia's best financial group
Hana unveils vision to become Asia's best financial group
Hana Financial Group Chairman Ham Young-joo has presented three major group-wide strategies: global expansion, digital innovation and financial competitiveness reinforcement, as part of its 2023 corporate vision to become Asia's leading financial group, the company said Sunday.
Lee Min-hyung | 2023-01-29 16:28
Securities firms face dismal earnings results for 2022
Securities firms face dismal earnings results for 2022
Korea's major securities firms are forecast to report weaker-than-expected earnings for 2022, as their brokerage commission revenues plunged in the wake of an unexpected stock market crash sparked by steep rate hikes and multiple external risk factors such as the outbreak of war in Ukraine, data showed Friday. Mirae Asset Securities, the nation's largest brokerage house by ma...
Lee Min-hyung | 2023-01-27 16:52
Woori shortlists four candidates for next chairman
Woori shortlists four candidates for next chairman
Woori Financial Group confirmed the shortlist for its next chairman, Friday, with four contenders vying for the leadership of the financial holding firm. The four candidates included Woori Bank CEO Lee Won-duk, Woori America Bank CEO Shin Hyun-seok, former Woori FIS CEO Lee Dong-yeon and former Financial Services Commission (FSC) Chairman Lim Jong-ryong.
Lee Min-hyung | 2023-01-27 16:07
Biz outlook worsens for Feb. amid recession woes
Biz outlook worsens for Feb. amid recession woes
Korea's business sentiment worsened for February as worries over high inflation, monetary tightening and an economic slump weighed on sentiment, a central bank poll showed Friday.
2023-01-27 10:04
FSS chief warns of stern action against opposition to normalizing banks' biz hours
FSS chief warns of stern action against opposition to normalizing banks' biz hours
A financial regulator chief on Thursday warned of stern action against labor unions opposing banks' plan to "normalize" their pandemic-caused shortened operation hours as the government is set to lift the indoor mask mandate later this month.
2023-01-26 15:09
  • FSS chief urges insurers to focus on stability
Major Korean banks' overseas branches sanctioned by foreign authorities
Major Korean banks' overseas branches sanctioned by foreign authorities
Major local banks' overseas legal entities were sanctioned or fined by foreign financial authorities for various reasons last year, raising concerns about whether the banks are successfully maintaining internal controls in their overseas operations.
Anna J. Park | 2023-01-25 17:00
Mirae Asset Global Investments' solid performance highlighted amid economic slump
Mirae Asset Global Investments' solid performance highlighted amid economic slump
Despite the deteriorating economic outlook worldwide, Mirae Asset's global business has proven its competitiveness especially in times of crisis.
Yoon Ja-young | 2023-01-25 16:59
Unison Capital, MBK consortium to take over Osstem Implant
Unison Capital, MBK consortium to take over Osstem Implant
News of private equity firms planning to acquire the management rights of Osstem Implant caused shares of the dental implant material manufacturer to soar Wednesday. Osstem Implant is one of the world's largest dental implant makers.
Anna J. Park | 2023-01-25 16:02
Former top financial regulator to vie for Woori chairmanship
Former top financial regulator to vie for Woori chairmanship
Lim Jong-ryong, former chief of the Financial Services Commission (FSC), declared his interest in becoming Woori Financial Group's next chairman, citing his competitive edge in mapping out a balanced and neutral management vision. “I have an objective and neutral mindset when it comes to managing a financial organization, which was proven by my broad range of experiences at g...
Lee Min-hyung | 2023-01-25 15:24
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Top 10 Stories
1Cambodian ministers highlight potential for growth, cooperationCambodian ministers highlight potential for growth, cooperation
2[INTERVIEW] Busan has potential to be world-class city, mayor says INTERVIEWBusan has potential to be world-class city, mayor says
3Suicidal pedestrian saved over Han River bridge Suicidal pedestrian saved over Han River bridge
4[ANALYSIS] Pandemic awakens demand for data-driven automation ANALYSISPandemic awakens demand for data-driven automation
5Korea to lift indoor mask mandate Monday Korea to lift indoor mask mandate Monday
6Hana unveils vision to become Asia's best financial group Hana unveils vision to become Asia's best financial group
7Seoul International School celebrates 50th anniversary Seoul International School celebrates 50th anniversary
8Youth, foreign drug offenders increase threefold in 5 years Youth, foreign drug offenders increase threefold in 5 years
9Japan considers upholding past apologies to mend ties with Korea Japan considers upholding past apologies to mend ties with Korea
10Slowed Fed rate hike, China's reopening to boost KOSPI Slowed Fed rate hike, China's reopening to boost KOSPI
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