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Sat, June 3, 2023 | 00:04

Upbit promotes Korean digital asset market at US blockchain fair

Upbit promotes Korean digital asset market at US blockchain fair

Upbit, the nation's largest crypto exchange, is participating in the world's largest blockchain fair, Consensus 2023, in the United States, as part of efforts to introduce Korea's digital assets market to its global counterparts.

Lee Min-hyung | 2023-04-27 13:20

Toss chief meets PayPal CEO on Yoon's state visit to US

Toss chief meets PayPal CEO on Yoon's state visit to US

Lee Seung-gun, founder and CEO of Viva Republica, met with PayPal CEO Dan Schulman on Tuesday while accompanying President Yoon Suk Yeol on his state visit to the United States. Viva Republica is one of Korea's fastest-growing fintech startups, operating money transfer app Toss. In 2017, a consortium of investors, including PayPal Ventures, invested $48 million (64.3 billion ...

Lee Min-hyung | 2023-04-27 13:20

Samsung Life slapped with warning for poor internal controls

Samsung Life slapped with warning for poor internal controls

Samsung Life Insurance was issued an administrative warning from the Financial Supervisory Service (FSS) over its poor internal control and risk management system. The watchdog recently sent the message of warning to the insurer, urging it to autonomously improve its risk management capabilities.

Lee Min-hyung | 2023-04-26 16:33

Hana Financial Group to offer wedding venue for free

Hana Financial Group to offer wedding venue for free

Hana Financial Group will renovate parts of its buildings around the country as wedding venues, as part of its initiative to help lift the country's falling birthrate. The venues will be offered for free.

Yoon Ja-young2023-04-26 14:12

Woori Financial Group's net profit up 8.6% on-year in Q1 on increased interest income

Woori Financial Group's net profit up 8.6% on-year in Q1 on increased interest income

Major Korean financial holding firm Woori Financial Group said Monday its net profit rose 8.6 percent in the first quarter from a year earlier thanks largely to higher interest income and cost-cutting efforts.

2023-04-24 18:01

Banks step up efforts to improve digital literacy of elderly customers

Banks step up efforts to improve digital literacy of elderly customers

Major commercial banks are bolstering efforts to offer customized services for senior citizens who find adapting to digital banking service platforms difficult amid a sharp decline in the number of offline bank branches.

Yi Whan-woo | 2023-04-24 16:27

Hana, Woori's Russian operations enjoy high profits despite war

Hana, Woori's Russian operations enjoy high profits despite war

Domestic commercial banks that have entered the Russian market are seeing their profits soar while manufacturing companies are considering pulling out due to the ongoing war in Ukraine with no signs of a ceasefire in sight.

Lee Yeon-woo | 2023-04-24 16:01

Lotte Insurance launches Korea travel insurance for foreign tourists

Lotte Insurance launches Korea travel insurance for foreign tourists

Lotte Insurance has launched an insurance product for foreign tourists visiting Korea in partnership with Creatrip, a Seoul-based travel information platform. One key feature of the product is its simple and easy subscription service.

Lee Min-hyung | 2023-04-24 15:43

KakaoBank to sell mutual funds online in 2nd half

KakaoBank to sell mutual funds online in 2nd half

KakaoBank has earned preliminary approval from financial authorities to extend its business into financial investment and brokerage operations. If it receives the regulator's final authorization, the mobile-based lender will be the first internet-only bank in Korea qualified to sell mutual funds online via its mobile platform.

Anna J. Park | 2023-04-23 16:46

Hana opens nursing room at bank branch to help tackle low birth rate

Hana opens nursing room at bank branch to help tackle low birth rate

Hana Financial Group has opened a nursing room for pregnant women and new moms as a part of its broader strategy to tackle the nation's low birth rate and rapid population decline, the banking group announced on Sunday.

Yi Whan-woo | 2023-04-23 15:55

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6	LG Chem joins Korean firms strengthening ties with Japan

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