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Reporter : Lee Min-hyung
Thu, March 23, 2023 | 10:37
Kyobo chief wins title as global insurance laureate
Kyobo Life Insurance Chairman Shin Chang-jae has been named as the laureate of the 2023 Insurance Hall of Fame for his management philosophy that values people, the International Insurance Society (IIS) said in a statement, Wednesday. “Dr. Shin Chang-jae embodies the spirit of the Insurance Hall of Fame through his innovative management, visionary leadership and people-first ...
Korean pension fund hit by overseas banking crisis
The National Pension Service (NPS) has been hit hard by the global banking crisis, as the state-run pension fund holds stocks and bonds worth hundreds of billions of won in ill-fated overseas financial institutions, which are teetering on the brink of collapse.
Brides in early 40s outnumber those in early 20s
Kim, a female office worker in her 30s who wished to be identified only by her surname, says she is not in a hurry to get married. She says she wants to live her own life by developing her career path more sustainably and successfully.
SVB shock sparks foreign capital outflow from Korea
The shock collapse of Silicon Valley Bank (SVB) is sparking foreign capital outflow here, rekindling woes that the local stock market may again fall into the doldrums.
Bitcoin extends super-rally amid SVB fiasco
Bitcoin has extended a surprising super-rally over the past week on the growing likelihood that the U.S. Fed will slow down the pace of further rate hikes in the wake of sequential collapses of overseas financial institutions.
KDB maps out Busan relocation plan as protests intensify
The controversial relocation plan of Korea Development Bank (KDB) is taking shape, as the state-run lender prepares to take specific administrative steps by the end of June. According to a KDB report submitted to Rep. Kang Min-kuk of the ruling People Power Party, the bank has formulated its relocation plan from Seoul to the nation's southeastern port city of Busan.
Time to discuss initial exchange offering: Dunamu chief
Korea should start an in-depth discussion on the initial exchange offering (IEO) for the innovative growth of the digital asset industry here, Dunamu CEO Lee Sirgoo said Thursday.
Daishin acquires controlling stake in Korean real estate securities exchange
Daishin Financial Group has acquired a controlling stake in a Seoul-based real estate securities trading platform, as part of its first step for business expansion into security tokens transactions. The financial group claimed a 90-percent stake in Kasa and the latter's management right, Wednesday, with a view to generating synergy with its conventional financial businesses, ...
Financial regulators consider waiver on deposit insurance cap
The country's financial regulator is considering the removal of a cap on deposits protected by the state-run deposit insurer after the abrupt collapse of Silicon Valley Bank (SVB) sent shockwaves throughout the global financial market
Securities firms seeking more female directors
Securities firms are set to prioritize the appointment of female outside directors during their regular shareholders' meetings this month, in a move to enhance their environmental, social and corporate governance (ESG) management. The ratio of females on boards, however, still falls short of the average of other industries.
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