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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Companies

Tue, May 30, 2023 | 17:59

Naver, Kakao stocks display contrasting performances due to earnings forecasts

Naver, Kakao stocks display contrasting performances due to earnings forecasts

Shares of Naver and Kakao - two of the nation's biggest digital platform companies - have seen their respective stock prices move in contrasting directions due to their earnings forecasts.

Lee Min-hyung | 2023-05-15 16:06

Kakao Pay aims for 10 bil. annual transactions by 2026

Kakao Pay aims for 10 bil. annual transactions by 2026

Kakao Pay, the mobile payment subsidiary of tech conglomerate Kakao, has proclaimed the firm's goal to achieve 10 billion transactions per year within the next three years, and step up as the country's most frequently used financial application platform that caters to customers' financial needs. During a press conference held at Conrad Seoul Hotel, Monday, Kakao Pay CEO Shin ...

Anna J. Park | 2023-05-15 16:02

KDB seeks to bolster capital as KEPCO's deficit grows

KDB seeks to bolster capital as KEPCO's deficit grows

Korean Development Bank (KDB) is seeking to bolster its capital base in order to improve its financial stability, which has been faltering due primarily to the growing deficit of the Korea Electric Power Corp. (KEPCO) in which the bank holds a 32.9 percent stake.

Lee Yeon-woo | 2023-05-15 08:39

Hana promotes LINE Bank in Indonesia

Hana promotes LINE Bank in Indonesia

Hana Financial Group promoted its digital banking service, LINE Bank, in Indonesia through a collaboration with Samsung Electronics. The bank announced on Sunday that it hosted a hands-on experience event where local customers could learn about LINE Bank's innovative digital services while experiencing cutting-edge smart devices from Samsung Electronics.

Lee Yeon-woo | 2023-05-14 14:38

Major Korean financial firms seek to strengthen foothold in Indonesia

Major Korean financial firms seek to strengthen foothold in Indonesia

Celebrating the 50th anniversary of diplomatic ties between Korea and Indonesia, Korean financial leaders from Korea's supervisory authority and private financial firms have vowed to strengthen financial cooperation and partnerships with the Southeast Asian country.

Anna J. Park | 2023-05-12 17:09

Hearing-impaired insurance planner continues to blaze trail

Hearing-impaired insurance planner continues to blaze trail

Choi Jung-min, 38, is AIA Life Insurance's star planner. He has pioneered his path, shattering the prejudices against the hearing-impaired.

Anna J. Park | 2023-05-12 08:25

KB bolsters startup support campaign to nurture growth engines

KB bolsters startup support campaign to nurture growth engines

KB Financial Group is bolstering efforts to support startups in line with the country's plan to nurture the next growth engines.

Yi Whan-woo | 2023-05-11 15:46

Hana chairman discusses Korean economy with Jim Rogers

Hana chairman discusses Korean economy with Jim Rogers

Hana Financial Group Chairman Ham Young-joo had a discussion over the global and Korean economies as well as financial industries with renowned investor Jim Rogers.

Yoon Ja-young2023-05-10 16:01

Shinhan Bank's internal controls undergo testing

Shinhan Bank's internal controls undergo testing

Shinhan Bank is facing additional challenges in addressing internal control risks, after one of its employees reportedly embezzled customer deposits. This comes in addition to an investigation over the alleged mis-selling of funds.

Lee Yeon-woo | 2023-05-10 15:49

Kyobo Life considers entering non-life insurance market

Kyobo Life considers entering non-life insurance market

Both Kyobo Life Insurance and Kakao Pay Insurance denied a market rumor that they are in talks. Media reports said earlier this week that Kyobo Life has begun due diligence into Kakao Pay Insurance to acquire a 51 percent stake in the digital non-life insurance firm for around 60 billion won to 70 billion won ($45 million to $53 million).

Anna J. Park | 2023-05-09 16:35

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