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Mon, July 4, 2022 | 14:41

Shinhan introduces data-driven anti-money laundering system

Shinhan Bank has introduced a big data-powered anti-money laundering system, in a preemptive move to detect any signs of unusual transactions, the lender said, Thursday. The Shinhan-Trade Based Money Laundering (S-TBML) allows the bank automatically to monitor any signs of money laundering or suspicious transactions.

Lee Min-hyung | 2022-05-12 17:05

Deloitte Anjin accused of negligence in audit reports

Doubts and concerns are rising as to whether Deloitte Anjin, one of big four accounting firms in Korea, is failing at internal controls, as it not only turned out to have received the largest number of corrections from the financial regulator in audit reports during the past few years among the top four accounting firms, but also has been engaged in some of the most scandalou...

Anna J. Park | 2022-05-12 16:39

BC Card launches phone pay platform

BC Card launched Phone Pay, an easy payment platform based on each user's mobile phone number. If a customer chooses to pay with Phone Pay at online shops that are franchisees of the platform, the customer simply inputs a six-digit PIN for payment linked to their mobile phone number.

2022-05-12 15:33

Allink launches in-store NFT membership with 7-Eleven

Allink, a NFC tag-based information transfer solution provider, announced that it is launching 7-Eleven Korea's NFT membership service, in partnership with Ground X and Klaytn, Kakao's blockchain technology subsidiaries.

2022-05-12 15:32

Hana Financial opens new daycare center to share with SMEs

Hana Financial Group opened a large daycare center in Cheongna, Incheon, for children whose parents work at small-and medium-sized enterprises (SMEs) as well as for its own employees. It is part of the group's project to build 100 daycare centers to help people in local communities and tackle the low birth rate.

Yoon Ja-young2022-05-11 16:27

Hanwha Asset Management launches US alternative investment ETF

Hanwha Asset Management has launched an exchange-traded fund (ETF) of alternative investments in the U.S., allowing investors to diversify their asset portfolios in a more stable manner amid growing inflationary pressure, the company said Wednesday. The ARIRANG U.S. alternative investment Top 10 MV ETF features investments in major U.S. listed companies that focus on alternat...

Lee Min-hyung | 2022-05-11 16:14

Shinhan Bank's innovative digital store attracts younger customers

Shinhan Bank launched a new store last month, promising to offer innovative services to customers by increasing accessibility and extending operating hours. At the digitalized bank inside GS supermarket's Gwangjin-Hwayang branch in Seoul, customers expressed a desire to see more stores like that, but some older customers seemed to be struggling while trying to use the service.

2022-05-11 08:28

Nearly half of Korea's public firms lose money in 2021

Nearly half of public companies in Korea lost money in 2021 amid the COVID-19 pandemic with the state-run power monopoly logging the biggest loss on soaring oil prices, data showed Tuesday.

2022-05-10 10:33

Consulting business expected to enjoy another boom year

Despite growing uncertainty coupled with hostile macro factors, the country's management consulting business is forecast to continue expanding this year, with local corporations increasingly seeking strategic preparations for economic downturns. Market insiders say that the local consultancy business witnessed the highest demand for their advisory services during the past cou...

Anna J. Park | 2022-05-10 08:59

Hana Financial Investment eyeing takeover of Hana Bank's Hong Kong unit

Hana Financial Investment said Monday that it was seeking to take over the Hong Kong subsidiary of its affiliate Hana Bank as part of efforts to tap into the Asian financial hub.

2022-05-09 15:02

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