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The Korea Times

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SCMP
Asia

The Korea Times

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Sat, June 3, 2023 | 06:21

Banks' Q1 net up 24 percent on higher interest income

Banks' Q1 net up 24 percent on higher interest income

South Korean banks saw their first-quarter net profit rise 24 percent from a year earlier on higher interest and non-interest income, preliminary data showed Friday.

2023-06-02 19:31

More banks offer daily interest payments on deposits

More banks offer daily interest payments on deposits

Commercial banks are increasingly interested in offering accounts that pay a certain amount of interest to customers every day, as compared to every month under the current system, in order to secure more deposits.

Yi Whan-woo | 2023-06-02 08:35

Hana, Mirae Asset sign partnership on securities token infrastructure

Hana, Mirae Asset sign partnership on securities token infrastructure

Hana Financial Group and Mirae Asset Securities signed a partnership to build securities token infrastructure, both companies said on Thursday. Under the partnership, Hana became a member of the Next Finance Initiative (NFI) - a consortium co-founded by the Mirae Asset affiliate and SK Telecom in March.

Lee Min-hyung | 2023-06-01 15:49

[INTERVIEW] Asia expected to be key driver of ESG growth: Deloitte ESG Partner

INTERVIEWAsia expected to be key driver of ESG growth: Deloitte ESG Partner

After decades of wrangling over climate change in the scientific community, overall consensus seems to have been reached globally that climate change poses a real threat to humanity and its continued prosperity.

Anna J. Park | 2023-05-31 09:24

SC Bank Korea promotes high-interest Jaeil EZ Account

SC Bank Korea promotes high-interest Jaeil EZ Account

Standard Chartered (SC) Bank Korea is running a promotional event offering high-interest returns for new customers who open a Jaeil EZ Account by the end of May. The bank offers an annual interest rate of up to 3.6 percent on a pre-tax basis, even if account holders deposit money for just a single day.

Lee Yeon-woo | 2023-05-29 15:40

Mirae Asset holds ETF Rally 2023 for global expansion

Mirae Asset holds ETF Rally 2023 for global expansion

Mirae Asset Global Investments has reaffirmed its strong determination to strengthen its brand identity in the global exchange-traded fund (ETF) market. A group of 70 top-level executives of its overseas branches took part in the firm's ETF Rally 2023 event for three days from May 22. As of the end of April, Mirae Asset operates ETF businesses worth 121 trillion won ($91.1 bi...

Lee Min-hyung | 2023-05-28 16:20

Concerns grow over KEPCO's credit rating

Concerns grow over KEPCO's credit rating

International credit rating agency Moody's has recently downgraded the baseline credit assessment (BCA) of Korea Electric Power Corp. (KEPCO). It moved from Baa2 to Baa3, which is the lowest within the agency's investment grading system.

Lee Yeon-woo | 2023-05-28 16:13

Woori nominates new CEO to lead group's banking arm

Woori nominates new CEO to lead group's banking arm

Woori Financial Group announced on Friday that it nominated Woori Financial Capital CEO Cho Byung-kyu as the next leader of the group's flagship affiliate Woori Bank.

Yi Whan-woo | 2023-05-26 16:57

Seoul Guarantee Insurance set to go public as first state-run firm in 13 years

Seoul Guarantee Insurance set to go public as first state-run firm in 13 years

In a move to officially kick-start its IPO process, Seoul Guarantee Insurance (SGI) aims to submit a preliminary evaluation application to the Korea Exchange (KRX) in June. The company announced earlier this week that its plan to submit the preliminary IPO application next month will not change, unless a major market shift occurs.

Anna J. Park | 2023-05-26 15:39

Woori Bank announces shortlist of CEO candidates

Woori Bank announces shortlist of CEO candidates

Woori Financial Group announced its shortlist of candidates for the head position of Woori Bank on Thursday afternoon. According to the financial group, the group's executive recommendation committee named two candidates ― Lee Seok-tae, the bank's executive vice chief heading domestic business, and Cho Byung-kyu, Woori Financial Capital's incumbent CEO.

Anna J. Park | 2023-05-25 16:26

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3	More banks offer daily interest payments on deposits

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6	POSCO, GM expand joint EV battery materials investment in North America

7	LG Chem joins Korean firms strengthening ties with Japan

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9	Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums

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